Franklin Liberty Systematic Etf Market Value
| FLSP Etf | USD 24.14 0.11 0.46% |
| Symbol | Franklin |
The market value of Franklin Liberty Sys 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 Liberty's value that differs from its market value or its book value, called intrinsic value, which is Franklin Liberty'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 Liberty's market value can be influenced by many factors that don't directly affect Franklin Liberty'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 Liberty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Liberty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Liberty'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 Liberty '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 Liberty'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 Liberty.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Franklin Liberty on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Liberty Systematic or generate 0.0% return on investment in Franklin Liberty over 30 days. Franklin Liberty is related to or competes with Anfield Universal, Anfield Equity, Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, and T Rowe. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment stra... More
Franklin Liberty 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 Liberty'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 Liberty Systematic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5894 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.46 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.04 |
Franklin Liberty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Liberty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Liberty's standard deviation. In reality, there are many statistical measures that can use Franklin Liberty historical prices to predict the future Franklin Liberty's volatility.| Risk Adjusted Performance | 0.0172 | |||
| Jensen Alpha | 0.0028 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.2366 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Liberty's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Franklin Liberty Sys Backtested Returns
Currently, Franklin Liberty Systematic is very steady. Franklin Liberty Sys secures Sharpe Ratio (or Efficiency) of 0.0407, which denotes the etf had a 0.0407% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Franklin Liberty Systematic, which you can use to evaluate the volatility of the entity. Please confirm Franklin Liberty's Semi Deviation of 0.5581, downside deviation of 0.5894, and Mean Deviation of 0.4799 to check if the risk estimate we provide is consistent with the expected return of 0.0246%. The etf shows a Beta (market volatility) of 0.024, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Liberty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Liberty is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Franklin Liberty Systematic has insignificant reverse predictability. Overlapping area represents the amount of predictability between Franklin Liberty time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Liberty Sys price movement. The serial correlation of -0.2 indicates that over 20.0% of current Franklin Liberty price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Franklin Liberty Sys lagged returns against current returns
Autocorrelation, which is Franklin Liberty 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 Liberty's etf expected returns. We can calculate the autocorrelation of Franklin Liberty returns to help us make a trade decision. For example, suppose you find that Franklin Liberty 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 Liberty 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 Liberty etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Liberty etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Liberty etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin Liberty Lagged Returns
When evaluating Franklin Liberty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Liberty etf have on its future price. Franklin Liberty 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 Liberty autocorrelation shows the relationship between Franklin Liberty etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin Liberty Systematic.
Regressed Prices |
| Timeline |
Pair Trading with Franklin Liberty
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 Liberty 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 Liberty will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Franklin Liberty 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 Liberty 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 Liberty - 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 Liberty Systematic to buy it.
The correlation of Franklin Liberty 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 Liberty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Liberty Sys 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 Liberty 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.Check out Franklin Liberty Correlation, Franklin Liberty Volatility and Franklin Liberty Alpha and Beta module to complement your research on Franklin Liberty. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Franklin Liberty 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.