Franklin High Yield Fund Probability of Future Mutual Fund Price Finishing Over 8.77
| FHYVX Fund | USD 8.77 0.03 0.34% |
Franklin |
Franklin High Target Price Odds to finish over 8.77
The tendency of Franklin Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 8.77 | 90 days | 8.77 | about 78.45 |
Based on a normal probability distribution, the odds of Franklin High to move above the current price in 90 days from now is about 78.45 (This Franklin High Yield probability density function shows the probability of Franklin Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Franklin High has a beta of 0.0309. This usually indicates as returns on the market go up, Franklin High average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Franklin High Yield will be expected to be much smaller as well. Additionally Franklin High Yield has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Franklin High Price Density |
| Price |
Predictive Modules for Franklin High
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Franklin High Yield. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin High'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 High Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Franklin High is not an exception. The market had few large corrections towards the Franklin High's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Franklin High Yield, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Franklin High within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.02 | |
β | Beta against NYSE Composite | 0.03 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.25 |
Franklin High Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Franklin High for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Franklin High Yield can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Franklin High Yield generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% | |
| Franklin High Yield retains about 99.57% of its assets under management (AUM) in fixed income securities |
Franklin High Technical Analysis
Franklin High's future price can be derived by breaking down and analyzing its technical indicators over time. Franklin Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Franklin High Yield. In general, you should focus on analyzing Franklin Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Franklin High Predictive Forecast Models
Franklin High's time-series forecasting models is one of many Franklin High's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Franklin High's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Franklin High Yield
Checking the ongoing alerts about Franklin High for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Franklin High Yield help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Franklin High Yield generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% | |
| Franklin High Yield retains about 99.57% of its assets under management (AUM) in fixed income securities |
Check out Franklin High Backtesting, Portfolio Optimization, Franklin High Correlation, Franklin High Hype Analysis, Franklin High Volatility, Franklin High History as well as Franklin High Performance. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.