Franklin Maryland Tax Free Fund Market Value
| FQMDX Fund | USD 9.84 0.01 0.10% |
| Symbol | Franklin |
Franklin Maryland '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 Maryland'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 Maryland.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in Franklin Maryland on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding Franklin Maryland Tax Free or generate 0.0% return on investment in Franklin Maryland over 30 days. Franklin Maryland is related to or competes with Health Care, Eaton Vance, Deutsche Health, Alphacentric Lifesci, and Alger Health. The fund invests at least 80 percent of its total assets in securities whose interest is free from federal income taxes,... More
Franklin Maryland 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 Maryland'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 Maryland Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.63 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.4077 |
Franklin Maryland Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Maryland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Maryland's standard deviation. In reality, there are many statistical measures that can use Franklin Maryland historical prices to predict the future Franklin Maryland's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.6822 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Maryland'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 Maryland Tax Backtested Returns
Franklin Maryland Tax secures Sharpe Ratio (or Efficiency) of -0.0148, which denotes the fund had a -0.0148 % return per unit of standard deviation over the last 3 months. Franklin Maryland Tax Free exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Maryland's Mean Deviation of 0.1963, coefficient of variation of (6,736), and Standard Deviation of 0.3052 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0213, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin Maryland are expected to decrease at a much lower rate. During the bear market, Franklin Maryland is likely to outperform the market.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Franklin Maryland Tax Free has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Franklin Maryland time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 2025. 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 Maryland Tax price movement. The serial correlation of -0.74 indicates that around 74.0% of current Franklin Maryland price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin Maryland Tax lagged returns against current returns
Autocorrelation, which is Franklin Maryland 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 Maryland's mutual fund expected returns. We can calculate the autocorrelation of Franklin Maryland returns to help us make a trade decision. For example, suppose you find that Franklin Maryland 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 Maryland 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 Maryland mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Maryland 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 Maryland mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Maryland Lagged Returns
When evaluating Franklin Maryland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Maryland mutual fund have on its future price. Franklin Maryland 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 Maryland autocorrelation shows the relationship between Franklin Maryland mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Maryland 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 Maryland 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 Maryland security.
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