Franklin Libertyq Small Etf Market Value
| FLQS Etf | USD 45.72 0.17 0.37% |
| Symbol | Franklin |
The market value of Franklin LibertyQ Small 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 LibertyQ's value that differs from its market value or its book value, called intrinsic value, which is Franklin LibertyQ'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 LibertyQ's market value can be influenced by many factors that don't directly affect Franklin LibertyQ'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 LibertyQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin LibertyQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin LibertyQ'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 LibertyQ '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 LibertyQ'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 LibertyQ.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Franklin LibertyQ on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding Franklin LibertyQ Small or generate 0.0% return on investment in Franklin LibertyQ over 540 days. Franklin LibertyQ is related to or competes with Invesco DWA, SCOR PK, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and SPACE. Under normal market conditions, the fund invests at least 80 percent of its assets in the component securities of the un... More
Franklin LibertyQ 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 LibertyQ'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 LibertyQ Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0263 | |||
| Maximum Drawdown | 7.59 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.81 |
Franklin LibertyQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin LibertyQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin LibertyQ's standard deviation. In reality, there are many statistical measures that can use Franklin LibertyQ historical prices to predict the future Franklin LibertyQ's volatility.| Risk Adjusted Performance | 0.0991 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0318 | |||
| Treynor Ratio | 0.1025 |
Franklin LibertyQ Small Backtested Returns
Franklin LibertyQ appears to be very steady, given 3 months investment horizon. Franklin LibertyQ Small secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the etf had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Franklin LibertyQ Small, which you can use to evaluate the volatility of the entity. Please utilize Franklin LibertyQ's Downside Deviation of 1.05, semi deviation of 0.8276, and Mean Deviation of 0.8642 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.44, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Franklin LibertyQ will likely underperform.
Auto-correlation | 0.60 |
Good predictability
Franklin LibertyQ Small has good predictability. Overlapping area represents the amount of predictability between Franklin LibertyQ time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd of December 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 LibertyQ Small price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Franklin LibertyQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 4.21 |
Franklin LibertyQ Small lagged returns against current returns
Autocorrelation, which is Franklin LibertyQ 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 LibertyQ's etf expected returns. We can calculate the autocorrelation of Franklin LibertyQ returns to help us make a trade decision. For example, suppose you find that Franklin LibertyQ 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 LibertyQ 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 LibertyQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin LibertyQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin LibertyQ etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin LibertyQ Lagged Returns
When evaluating Franklin LibertyQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin LibertyQ etf have on its future price. Franklin LibertyQ 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 LibertyQ autocorrelation shows the relationship between Franklin LibertyQ etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin LibertyQ Small.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Franklin LibertyQ Correlation, Franklin LibertyQ Volatility and Franklin LibertyQ Alpha and Beta module to complement your research on Franklin LibertyQ. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Franklin LibertyQ 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.