Franklin Massachusetts Tax Free Fund Market Value
| FMISX Fund | USD 10.69 0.02 0.19% |
| Symbol | Franklin |
Franklin Massachusetts '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 Massachusetts' mutual fund 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 Massachusetts.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Franklin Massachusetts on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Massachusetts Tax Free or generate 0.0% return on investment in Franklin Massachusetts over 30 days. Franklin Massachusetts is related to or competes with Vanguard Ohio, Vanguard Pennsylvania, Vanguard New, Vanguard New, and Vanguard Long. The fund invests at least 80 percent of its total assets in securities whose interest is free from federal income taxes,... More
Franklin Massachusetts 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 Massachusetts' mutual fund 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 Massachusetts Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4119 | |||
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 1.51 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.2844 |
Franklin Massachusetts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Massachusetts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Massachusetts' standard deviation. In reality, there are many statistical measures that can use Franklin Massachusetts historical prices to predict the future Franklin Massachusetts' volatility.| Risk Adjusted Performance | 0.0197 | |||
| Jensen Alpha | 0.0152 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Massachusetts' 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 Massachusetts Backtested Returns
At this stage we consider Franklin Mutual Fund to be very steady. Franklin Massachusetts secures Sharpe Ratio (or Efficiency) of 0.0312, which denotes the fund had a 0.0312% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Massachusetts Tax Free, which you can use to evaluate the volatility of the entity. Please confirm Franklin Massachusetts' Semi Deviation of 0.2077, mean deviation of 0.1424, and Downside Deviation of 0.4119 to check if the risk estimate we provide is consistent with the expected return of 0.0077%. The fund shows a Beta (market volatility) of -0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin Massachusetts are expected to decrease at a much lower rate. During the bear market, Franklin Massachusetts is likely to outperform the market.
Auto-correlation | 0.48 |
Average predictability
Franklin Massachusetts Tax Free has average predictability. Overlapping area represents the amount of predictability between Franklin Massachusetts time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Massachusetts price movement. The serial correlation of 0.48 indicates that about 48.0% of current Franklin Massachusetts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin Massachusetts lagged returns against current returns
Autocorrelation, which is Franklin Massachusetts mutual fund'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 Massachusetts' mutual fund expected returns. We can calculate the autocorrelation of Franklin Massachusetts returns to help us make a trade decision. For example, suppose you find that Franklin Massachusetts has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Massachusetts 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 Massachusetts mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Massachusetts mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Massachusetts mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Massachusetts Lagged Returns
When evaluating Franklin Massachusetts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Massachusetts mutual fund have on its future price. Franklin Massachusetts 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 Massachusetts autocorrelation shows the relationship between Franklin Massachusetts mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Massachusetts Tax Free.
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 Mutual Fund
Franklin Massachusetts financial ratios help investors to determine whether Franklin Mutual Fund 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 Massachusetts security.
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