Franklin Balance Sheet Fund Market Value
| FRBSX Fund | USD 40.08 0.10 0.25% |
| Symbol | Franklin |
Franklin Balance '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 Balance'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 Balance.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Franklin Balance on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Franklin Balance Sheet or generate 0.0% return on investment in Franklin Balance over 360 days. Franklin Balance is related to or competes with Vanguard Mid-cap, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. Under normal market conditions, the fund invests at least 80 percent of its net assets in U.S More
Franklin Balance 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 Balance'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 Balance Sheet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6611 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.54 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.22 |
Franklin Balance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Balance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Balance's standard deviation. In reality, there are many statistical measures that can use Franklin Balance historical prices to predict the future Franklin Balance's volatility.| Risk Adjusted Performance | 0.0974 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0987 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Balance'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 Balance Sheet Backtested Returns
At this stage we consider Franklin Mutual Fund to be very steady. Franklin Balance Sheet secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin Balance Sheet, which you can use to evaluate the volatility of the entity. Please confirm Franklin Balance's Downside Deviation of 0.6611, mean deviation of 0.6224, and Semi Deviation of 0.5537 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.93, which means possible diversification benefits within a given portfolio. Franklin Balance returns are very sensitive to returns on the market. As the market goes up or down, Franklin Balance is expected to follow.
Auto-correlation | 0.73 |
Good predictability
Franklin Balance Sheet has good predictability. Overlapping area represents the amount of predictability between Franklin Balance time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 Balance Sheet price movement. The serial correlation of 0.73 indicates that around 73.0% of current Franklin Balance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 2.4 |
Franklin Balance Sheet lagged returns against current returns
Autocorrelation, which is Franklin Balance 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 Balance's mutual fund expected returns. We can calculate the autocorrelation of Franklin Balance returns to help us make a trade decision. For example, suppose you find that Franklin Balance 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 Balance 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 Balance mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Balance 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 Balance mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Balance Lagged Returns
When evaluating Franklin Balance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Balance mutual fund have on its future price. Franklin Balance 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 Balance autocorrelation shows the relationship between Franklin Balance mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Balance Sheet.
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 Balance 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 Balance security.
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