Franklin Oregon Tax Free Fund Market Value
| FORIX Fund | USD 10.78 0.02 0.19% |
| Symbol | Franklin |
Franklin Oregon '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 Oregon's 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 Oregon.
| 12/11/2022 |
| 11/30/2024 |
If you would invest 0.00 in Franklin Oregon on December 11, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin Oregon Tax Free or generate 0.0% return on investment in Franklin Oregon over 720 days. Franklin Oregon is related to or competes with Shelton Emerging, Ep Emerging, Transamerica Emerging, Siit Emerging, Sp Midcap, Origin Emerging, and Aqr Sustainable. The fund invests at least 80 percent of its net assets in securities whose interest is free from federal income taxes, i... More
Franklin Oregon 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 Oregon's 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 Oregon Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3653 | |||
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.41 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.2804 |
Franklin Oregon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Oregon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Oregon's standard deviation. In reality, there are many statistical measures that can use Franklin Oregon historical prices to predict the future Franklin Oregon's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | 0.0158 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | (0.05) |
Franklin Oregon Tax Backtested Returns
At this stage we consider Franklin Mutual Fund to be very steady. Franklin Oregon Tax secures Sharpe Ratio (or Efficiency) of 0.0521, which denotes the fund had a 0.0521% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin Oregon Tax Free, which you can use to evaluate the volatility of the entity. Please confirm Franklin Oregon's Semi Deviation of 0.1983, mean deviation of 0.1382, and Downside Deviation of 0.3653 to check if the risk estimate we provide is consistent with the expected return of 0.0119%. The fund shows a Beta (market volatility) of -0.0893, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin Oregon are expected to decrease at a much lower rate. During the bear market, Franklin Oregon is likely to outperform the market.
Auto-correlation | -0.6 |
Good reverse predictability
Franklin Oregon Tax Free has good reverse predictability. Overlapping area represents the amount of predictability between Franklin Oregon time series from 11th of December 2022 to 6th of December 2023 and 6th of December 2023 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 Oregon Tax price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Franklin Oregon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Franklin Oregon Tax lagged returns against current returns
Autocorrelation, which is Franklin Oregon 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 Oregon's mutual fund expected returns. We can calculate the autocorrelation of Franklin Oregon returns to help us make a trade decision. For example, suppose you find that Franklin Oregon 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 Oregon 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 Oregon mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Oregon 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 Oregon mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Oregon Lagged Returns
When evaluating Franklin Oregon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Oregon mutual fund have on its future price. Franklin Oregon 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 Oregon autocorrelation shows the relationship between Franklin Oregon mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Oregon 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 Oregon 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 Oregon security.
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