Franklin LibertyQ (UK) Market Value
FLXX Etf | 29.28 0.14 0.48% |
Symbol | Franklin |
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.
12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Franklin LibertyQ on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin LibertyQ Global or generate 0.0% return on investment in Franklin LibertyQ over 720 days. Franklin LibertyQ is related to or competes with Franklin FTSE, Franklin FTSE, Franklin LibertyQ, Franklin LibertyQ, Franklin FTSE, and Franklin LibertyShares. Franklin LibertyQ is entity of United Kingdom 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 Global upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.5286 | |||
Information Ratio | 0.1189 | |||
Maximum Drawdown | 101.69 | |||
Value At Risk | (0.76) | |||
Potential Upside | 0.8259 |
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 | 0.1088 | |||
Jensen Alpha | 1.72 | |||
Total Risk Alpha | (0.47) | |||
Sortino Ratio | 2.79 | |||
Treynor Ratio | (1.79) |
Franklin LibertyQ Global Backtested Returns
Franklin LibertyQ is somewhat reliable given 3 months investment horizon. Franklin LibertyQ Global secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the etf had a 0.13% return per unit of standard deviation over the last 3 months. We are able to interpolate and collect twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.65% are justified by taking the suggested risk. Use Franklin LibertyQ Coefficient Of Variation of 769.14, downside deviation of 0.5286, and Mean Deviation of 3.06 to evaluate company specific risk that cannot be diversified away. The etf shows a Beta (market volatility) of -0.9, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Franklin LibertyQ are expected to decrease slowly. On the other hand, during market turmoil, Franklin LibertyQ is expected to outperform it slightly.
Auto-correlation | -0.28 |
Weak reverse predictability
Franklin LibertyQ Global has weak reverse predictability. Overlapping area represents the amount of predictability between Franklin LibertyQ time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Global price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Franklin LibertyQ price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.28 | |
Spearman Rank Test | -0.32 | |
Residual Average | 0.0 | |
Price Variance | 59.19 |
Franklin LibertyQ Global 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 Global.
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.Other Information on Investing in Franklin Etf
Franklin LibertyQ 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 LibertyQ security.