Franklin High Financials
| FHYVX Fund | USD 8.89 0.02 0.23% |
Franklin |
Please note that past performance is not an indicator of the future performance of Franklin High, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Franklin High Fund Summary
Franklin High competes with Nuveen High, Nuveen High, Nuveen High, Nuveen High, and American High. The fund invests at least 80 percent of its net assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It may invest in municipal securities rated in any rating category, including defaulted securities.Specialization | High Yield Muni, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US3547232724 |
| Business Address | Franklin Tax Free |
| Mutual Fund Family | Franklin Templeton Investments |
| Mutual Fund Category | High Yield Muni |
| Benchmark | NYSE Composite |
| Phone | 800 342 5236 |
| Currency | USD - US Dollar |
You should never invest in Franklin High Yield without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Franklin Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Franklin High's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
Franklin High Key Financial Ratios
Generally speaking, Franklin High's financial ratios allow both analysts and investors to convert raw data from Franklin High's financial statements into concise, actionable information that can be used to evaluate the performance of Franklin High over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Franklin High Yield reports annually and quarterly.Franklin Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Franklin High's current stock value. Our valuation model uses many indicators to compare Franklin High value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Franklin High competition to find correlations between indicators driving Franklin High's intrinsic value. More Info.Franklin High Yield is rated below average in annual yield among similar funds. It is rated below average in year to date return among similar funds creating about 363.49 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value Franklin High by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Franklin High's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Franklin High's earnings, one of the primary drivers of an investment's value.Franklin High Yield Systematic Risk
Franklin High's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Franklin High volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Franklin High Yield correlated with the market. If Beta is less than 0 Franklin High generally moves in the opposite direction as compared to the market. If Franklin High Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Franklin High Yield is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Franklin High is generally in the same direction as the market. If Beta > 1 Franklin High moves generally in the same direction as, but more than the movement of the benchmark.
Franklin High Thematic Clasifications
Franklin High Yield is part of several thematic ideas from Money Market Funds to Currency Funds. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasFranklin High Yield is rated below average in net asset among similar funds. Total Asset Under Management (AUM) of High Yield Muni category is currently estimated at about 124.81 Billion. Franklin High holds roughly 6.41 Billion in net asset claiming about 5% of all funds under High Yield Muni category.Franklin High May 16, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Franklin High help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Franklin High Yield. We use our internally-developed statistical techniques to arrive at the intrinsic value of Franklin High Yield based on widely used predictive technical indicators. In general, we focus on analyzing Franklin Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Franklin High's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.2948 | |||
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.13 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.4525 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin High Yield. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.