Franklin Federal Tax Free Fund Market Value
| FRFTX Fund | USD 11.00 0.02 0.18% |
| Symbol | Franklin |
Franklin Federal '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 Federal'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 Federal.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Franklin Federal on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Franklin Federal Tax Free or generate 0.0% return on investment in Franklin Federal over 660 days. Franklin Federal is related to or competes with Tax-managed, Jhancock Diversified, Delaware Limited-term, Principal Lifetime, and Adams Diversified. The fund invests at least 80 percent of its total assets in investment grade municipal securities whose interest is free... More
Franklin Federal 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 Federal'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 Federal Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4397 | |||
| Information Ratio | (0.43) | |||
| Maximum Drawdown | 1.66 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.3717 |
Franklin Federal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Federal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Federal's standard deviation. In reality, there are many statistical measures that can use Franklin Federal historical prices to predict the future Franklin Federal's volatility.| Risk Adjusted Performance | 0.0508 | |||
| Jensen Alpha | 0.0264 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Federal'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 Federal Tax Backtested Returns
At this stage we consider Franklin Mutual Fund to be very steady. Franklin Federal Tax secures Sharpe Ratio (or Efficiency) of 0.0728, which denotes the fund had a 0.0728% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin Federal Tax Free, which you can use to evaluate the volatility of the entity. Please confirm Franklin Federal's Mean Deviation of 0.1554, semi deviation of 0.2082, and Downside Deviation of 0.4397 to check if the risk estimate we provide is consistent with the expected return of 0.0192%. The fund shows a Beta (market volatility) of -0.098, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin Federal are expected to decrease at a much lower rate. During the bear market, Franklin Federal is likely to outperform the market.
Auto-correlation | -0.29 |
Weak reverse predictability
Franklin Federal Tax Free has weak reverse predictability. Overlapping area represents the amount of predictability between Franklin Federal time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 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 Federal Tax price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Franklin Federal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Franklin Federal Tax lagged returns against current returns
Autocorrelation, which is Franklin Federal 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 Federal's mutual fund expected returns. We can calculate the autocorrelation of Franklin Federal returns to help us make a trade decision. For example, suppose you find that Franklin Federal 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 Federal 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 Federal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Federal 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 Federal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Federal Lagged Returns
When evaluating Franklin Federal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Federal mutual fund have on its future price. Franklin Federal 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 Federal autocorrelation shows the relationship between Franklin Federal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Federal 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 Federal 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 Federal security.
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