Franklin Small Cap Fund Market Value
| FSSAX Fund | USD 28.66 0.17 0.59% |
| Symbol | Franklin |
Franklin Small '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 Small'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 Small.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Franklin Small on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Small Cap or generate 0.0% return on investment in Franklin Small over 90 days. The fund invests at least 80 percent of its net assets in the equity securities of small-cap companies More
Franklin Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.067 | |||
| Maximum Drawdown | 6.97 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.86 |
Franklin Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Small's standard deviation. In reality, there are many statistical measures that can use Franklin Small historical prices to predict the future Franklin Small's volatility.| Risk Adjusted Performance | 0.1371 | |||
| Jensen Alpha | 0.0319 | |||
| Total Risk Alpha | 0.0133 | |||
| Sortino Ratio | 0.0743 | |||
| Treynor Ratio | 0.1413 |
Franklin Small Cap Backtested Returns
Franklin Small appears to be very steady, given 3 months investment horizon. Franklin Small Cap secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the fund had a 0.2% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Small Cap, which you can use to evaluate the volatility of the entity. Please utilize Franklin Small's Semi Deviation of 0.8927, downside deviation of 1.08, and Mean Deviation of 0.8551 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.41, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Franklin Small will likely underperform.
Auto-correlation | 0.69 |
Good predictability
Franklin Small Cap has good predictability. Overlapping area represents the amount of predictability between Franklin Small time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Small Cap price movement. The serial correlation of 0.69 indicates that around 69.0% of current Franklin Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Franklin Small Cap lagged returns against current returns
Autocorrelation, which is Franklin Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Franklin Small returns to help us make a trade decision. For example, suppose you find that Franklin Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Small Lagged Returns
When evaluating Franklin Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Small mutual fund have on its future price. Franklin Small 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 Small autocorrelation shows the relationship between Franklin Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Small Cap.
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 Small 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 Small security.
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