Franklin Canadian Core Etf Market Value
| FLCP Etf | CAD 18.03 0.01 0.06% |
| Symbol | Franklin |
Franklin Canadian 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Franklin Canadian's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Franklin Canadian.
| 11/27/2025 |
| 12/27/2025 |
If you would invest 0.00 in Franklin Canadian on November 27, 2025 and sell it all today you would earn a total of 0.00 from holding Franklin Canadian Core or generate 0.0% return on investment in Franklin Canadian over 30 days. Franklin Canadian is related to or competes with IShares Canadian, European Residential, RBC Discount, and IShares SPTSX. Seeks to provide high current income and some long-term capital appreciation through exposure to Canadian fixed-income s... More
Franklin Canadian Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Franklin Canadian's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Franklin Canadian Core upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.323 | |||
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 1.33 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.2779 |
Franklin Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Canadian's standard deviation. In reality, there are many statistical measures that can use Franklin Canadian historical prices to predict the future Franklin Canadian's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | (0.08) |
Franklin Canadian Core Backtested Returns
Franklin Canadian Core secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the etf had a close to zero % return per unit of standard deviation over the last 3 months. Franklin Canadian Core exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Canadian's Mean Deviation of 0.1655, semi deviation of 0.2684, and Downside Deviation of 0.323 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0999, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Canadian is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Franklin Canadian Core has good reverse predictability. Overlapping area represents the amount of predictability between Franklin Canadian time series from 27th of November 2025 to 12th of December 2025 and 12th of December 2025 to 27th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Franklin Canadian Core price movement. The serial correlation of -0.52 indicates that about 52.0% of current Franklin Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin Canadian Core lagged returns against current returns
Autocorrelation, which is Franklin Canadian etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Franklin Canadian's etf expected returns. We can calculate the autocorrelation of Franklin Canadian returns to help us make a trade decision. For example, suppose you find that Franklin Canadian has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Franklin Canadian regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Franklin Canadian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Canadian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Canadian etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin Canadian Lagged Returns
When evaluating Franklin Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Canadian etf have on its future price. Franklin Canadian autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Franklin Canadian autocorrelation shows the relationship between Franklin Canadian etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin Canadian Core.
Regressed Prices |
| Timeline |
Pair Trading with Franklin Canadian
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Franklin Canadian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Franklin Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Franklin Etf
| 0.84 | CCRE | CIBC Core Fixed | PairCorr |
| 0.82 | PTB | Invesco ESG Canadian | PairCorr |
| 0.76 | CCNS | CIBC Conservative Fixed | PairCorr |
Moving against Franklin Etf
| 0.37 | HEWB | Global X Equal | PairCorr |
| 0.35 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.35 | XCV | iShares Canadian Value | PairCorr |
| 0.32 | QCE | Mackenzie Canadian Large | PairCorr |
The ability to find closely correlated positions to Franklin Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Canadian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Franklin Canadian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Franklin Canadian Core to buy it.
The correlation of Franklin Canadian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Canadian Core moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Franklin Canadian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Franklin Etf
Franklin Canadian financial ratios help investors to determine whether Franklin Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Franklin with respect to the benefits of owning Franklin Canadian security.