Franklin Vertible Securities Fund Market Value
| FROTX Fund | USD 23.84 0.13 0.55% |
| Symbol | Franklin |
Franklin Convertible '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 Convertible'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 Convertible.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Franklin Convertible on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Vertible Securities or generate 0.0% return on investment in Franklin Convertible over 30 days. Franklin Convertible is related to or competes with Virtus Real, Franklin Real, Deutsche Real, Dunham Real, Neuberger Berman, and Simt Real. The fund normally invests at least 80 percent of its net assets in convertible securities More
Franklin Convertible 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 Convertible'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 Vertible Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3942 | |||
| Information Ratio | 0.0735 | |||
| Maximum Drawdown | 1.89 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 1.17 |
Franklin Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Convertible's standard deviation. In reality, there are many statistical measures that can use Franklin Convertible historical prices to predict the future Franklin Convertible's volatility.| Risk Adjusted Performance | 0.2499 | |||
| Jensen Alpha | 0.0965 | |||
| Total Risk Alpha | 0.0783 | |||
| Sortino Ratio | 0.0921 | |||
| Treynor Ratio | 0.3145 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Convertible'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 Convertible Backtested Returns
At this stage we consider Franklin Mutual Fund to be very steady. Franklin Convertible secures Sharpe Ratio (or Efficiency) of 0.35, which denotes the fund had a 0.35% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Franklin Vertible Securities, which you can use to evaluate the volatility of the entity. Please confirm Franklin Convertible's Coefficient Of Variation of 299.25, mean deviation of 0.3778, and Downside Deviation of 0.3942 to check if the risk estimate we provide is consistent with the expected return of 0.18%. The fund shows a Beta (market volatility) of 0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, Franklin Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Convertible is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Franklin Vertible Securities has very good predictability. Overlapping area represents the amount of predictability between Franklin Convertible time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Convertible price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Franklin Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Franklin Convertible lagged returns against current returns
Autocorrelation, which is Franklin Convertible 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 Convertible's mutual fund expected returns. We can calculate the autocorrelation of Franklin Convertible returns to help us make a trade decision. For example, suppose you find that Franklin Convertible 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 Convertible 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 Convertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Convertible 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 Convertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Convertible Lagged Returns
When evaluating Franklin Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Convertible mutual fund have on its future price. Franklin Convertible 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 Convertible autocorrelation shows the relationship between Franklin Convertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Vertible Securities.
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 Convertible 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 Convertible security.
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