Franklin Core Dividend Etf Market Value
| UDIV Etf | USD 46.42 0.18 0.39% |
| Symbol | Franklin |
The market value of Franklin Core Dividend is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Core's value that differs from its market value or its book value, called intrinsic value, which is Franklin Core's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Franklin Core's market value can be influenced by many factors that don't directly affect Franklin Core's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Franklin Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Core's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Franklin Core '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 Core's etf 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 Core.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Franklin Core on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin Core Dividend or generate 0.0% return on investment in Franklin Core over 720 days. Franklin Core is related to or competes with Morningstar Unconstrained, High-yield Municipal, Via Renewables, Knife River, Klckner Co, CarMax, and SEI Investments. Under normal market conditions, the fund invests at least 80 percent of its assets in the component securities of the in... More
Franklin Core 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 Core's etf 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 Core Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7723 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.64 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.15 |
Franklin Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Core's standard deviation. In reality, there are many statistical measures that can use Franklin Core historical prices to predict the future Franklin Core's volatility.| Risk Adjusted Performance | 0.1017 | |||
| Jensen Alpha | 0.0072 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1079 |
Franklin Core Dividend Backtested Returns
At this stage we consider Franklin Etf to be very steady. Franklin Core Dividend secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the etf had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Franklin Core Dividend, which you can use to evaluate the volatility of the entity. Please confirm Franklin Core's Semi Deviation of 0.6313, mean deviation of 0.5643, and Downside Deviation of 0.7723 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The etf shows a Beta (market volatility) of 0.85, which means possible diversification benefits within a given portfolio. Franklin Core returns are very sensitive to returns on the market. As the market goes up or down, Franklin Core is expected to follow.
Auto-correlation | 0.79 |
Good predictability
Franklin Core Dividend has good predictability. Overlapping area represents the amount of predictability between Franklin Core time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Core Dividend price movement. The serial correlation of 0.79 indicates that around 79.0% of current Franklin Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 9.85 |
Franklin Core Dividend lagged returns against current returns
Autocorrelation, which is Franklin Core etf'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 Core's etf expected returns. We can calculate the autocorrelation of Franklin Core returns to help us make a trade decision. For example, suppose you find that Franklin Core has exhibited high autocorrelation historically, and you observe that the etf 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 Core 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 Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Core etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin Core Lagged Returns
When evaluating Franklin Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Core etf have on its future price. Franklin Core 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 Core autocorrelation shows the relationship between Franklin Core etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin Core Dividend.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Franklin Core Correlation, Franklin Core Volatility and Franklin Core Alpha and Beta module to complement your research on Franklin Core. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Franklin Core technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.