Franklin Global Aggregate Etf Market Value
| FLGA Etf | CAD 18.86 0.01 0.05% |
| Symbol | Franklin |
Franklin Global '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 Global'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 Global.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Franklin Global on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Franklin Global Aggregate or generate 0.0% return on investment in Franklin Global over 390 days. Franklin Global is related to or competes with CI Enhanced, PIMCO Global, CIBC Core, Mackenzie Core, Global X, and Mackenzie Global. Franklin Liberty Global Aggregate Bond ETF seeks to maximize, consistent with prudent investment management, total inves... More
Franklin Global 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 Global'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 Global Aggregate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.74 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.4246 |
Franklin Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Global's standard deviation. In reality, there are many statistical measures that can use Franklin Global historical prices to predict the future Franklin Global's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.45) |
Franklin Global Aggregate Backtested Returns
Franklin Global Aggregate secures Sharpe Ratio (or Efficiency) of -0.046, which denotes the etf had a -0.046% return per unit of standard deviation over the last 3 months. Franklin Global Aggregate exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Global's Standard Deviation of 0.3134, coefficient of variation of (1,752), and Mean Deviation of 0.2356 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0624, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Global is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Franklin Global Aggregate has good predictability. Overlapping area represents the amount of predictability between Franklin Global time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd of November 2024. 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 Global Aggregate price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Franklin Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Franklin Global Aggregate lagged returns against current returns
Autocorrelation, which is Franklin Global 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 Global's etf expected returns. We can calculate the autocorrelation of Franklin Global returns to help us make a trade decision. For example, suppose you find that Franklin Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Global etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin Global Lagged Returns
When evaluating Franklin Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Global etf have on its future price. Franklin Global 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 Global autocorrelation shows the relationship between Franklin Global etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin Global Aggregate.
Regressed Prices |
| Timeline |
Pair Trading with Franklin Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Franklin Etf
Moving against Franklin Etf
| 0.74 | CBCX | CI Galaxy Blockchain | PairCorr |
| 0.73 | HBLK | Blockchain Technologies | PairCorr |
| 0.71 | BITC | Ninepoint Bitcoin ETF | PairCorr |
| 0.7 | FBTC | Fidelity Advantage | PairCorr |
| 0.7 | BTCQ | 3iQ Bitcoin ETF | PairCorr |
The ability to find closely correlated positions to Franklin Global 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 Global 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 Global - 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 Global Aggregate to buy it.
The correlation of Franklin Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Global Aggregate 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 Global 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 Global 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 Global security.