Franklin Ftse United Etf Market Value
| FLGB Etf | USD 27.65 0.19 0.69% |
| Symbol | Franklin |
The market value of Franklin FTSE United is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin FTSE's value that differs from its market value or its book value, called intrinsic value, which is Franklin FTSE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Franklin FTSE's market value can be influenced by many factors that don't directly affect Franklin FTSE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Franklin FTSE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin FTSE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin FTSE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Franklin FTSE '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 FTSE'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 FTSE.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Franklin FTSE on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Franklin FTSE United or generate 0.0% return on investment in Franklin FTSE over 390 days. Franklin FTSE is related to or competes with HUMANA, SCOR PK, Ab Pennsylvania, Thrivent High, Morningstar Unconstrained, SPACE, and Via Renewables. Under normal market conditions, the fund invests at least 80 percent of its assets in the component securities of the FT... More
Franklin FTSE 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 FTSE'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 FTSE United upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.4 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 0.993 |
Franklin FTSE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin FTSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin FTSE's standard deviation. In reality, there are many statistical measures that can use Franklin FTSE historical prices to predict the future Franklin FTSE's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.09) |
Franklin FTSE United Backtested Returns
Franklin FTSE United secures Sharpe Ratio (or Efficiency) of -0.0161, which denotes the etf had a -0.0161% return per unit of standard deviation over the last 3 months. Franklin FTSE United exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin FTSE's Standard Deviation of 0.7688, mean deviation of 0.6236, and Coefficient Of Variation of (2,421) to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, Franklin FTSE's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin FTSE is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
Franklin FTSE United has poor predictability. Overlapping area represents the amount of predictability between Franklin FTSE time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 FTSE United price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Franklin FTSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Franklin FTSE United lagged returns against current returns
Autocorrelation, which is Franklin FTSE 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 FTSE's etf expected returns. We can calculate the autocorrelation of Franklin FTSE returns to help us make a trade decision. For example, suppose you find that Franklin FTSE 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 FTSE 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 FTSE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin FTSE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin FTSE etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin FTSE Lagged Returns
When evaluating Franklin FTSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin FTSE etf have on its future price. Franklin FTSE 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 FTSE autocorrelation shows the relationship between Franklin FTSE etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin FTSE United.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Franklin FTSE United offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Franklin FTSE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Franklin Ftse United Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Franklin Ftse United Etf:Check out Franklin FTSE Correlation, Franklin FTSE Volatility and Franklin FTSE Alpha and Beta module to complement your research on Franklin FTSE. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Franklin FTSE technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.