Franklin Mutual Shares Fund Market Value
| TESRX Fund | USD 24.45 0.04 0.16% |
| Symbol | Franklin |
Franklin Mutual '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 Mutual'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 Mutual.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Franklin Mutual on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin Mutual Shares or generate 0.0% return on investment in Franklin Mutual over 720 days. Franklin Mutual is related to or competes with American Funds, HUMANA, Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and Victory Sophus. The fund invests primarily in equity securities of U.S More
Franklin Mutual 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 Mutual'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 Mutual Shares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.685 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.77 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 0.8734 |
Franklin Mutual Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Mutual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Mutual's standard deviation. In reality, there are many statistical measures that can use Franklin Mutual historical prices to predict the future Franklin Mutual's volatility.| Risk Adjusted Performance | 0.0249 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0162 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Mutual'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 Mutual Shares Backtested Returns
We consider Franklin Mutual very steady. Franklin Mutual Shares secures Sharpe Ratio (or Efficiency) of 0.0532, which denotes the fund had a 0.0532% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin Mutual Shares, which you can use to evaluate the volatility of the entity. Please confirm Franklin Mutual's Mean Deviation of 0.4751, semi deviation of 0.6538, and Downside Deviation of 0.685 to check if the risk estimate we provide is consistent with the expected return of 0.0319%. The fund shows a Beta (market volatility) of 0.88, which means possible diversification benefits within a given portfolio. Franklin Mutual returns are very sensitive to returns on the market. As the market goes up or down, Franklin Mutual is expected to follow.
Auto-correlation | 0.38 |
Below average predictability
Franklin Mutual Shares has below average predictability. Overlapping area represents the amount of predictability between Franklin Mutual time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 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 Mutual Shares price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Franklin Mutual price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.81 |
Franklin Mutual Shares lagged returns against current returns
Autocorrelation, which is Franklin Mutual 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 Mutual's mutual fund expected returns. We can calculate the autocorrelation of Franklin Mutual returns to help us make a trade decision. For example, suppose you find that Franklin Mutual 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 Mutual 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 Mutual mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Mutual 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 Mutual mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Mutual Lagged Returns
When evaluating Franklin Mutual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Mutual mutual fund have on its future price. Franklin Mutual 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 Mutual autocorrelation shows the relationship between Franklin Mutual mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Mutual Shares.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Franklin Mutual in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Franklin Mutual's short interest history, or implied volatility extrapolated from Franklin Mutual options trading.
Currently Active Assets on Macroaxis
Check out Franklin Mutual Correlation, Franklin Mutual Volatility and Franklin Mutual Alpha and Beta module to complement your research on Franklin Mutual. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Franklin Mutual technical mutual fund 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, fund market cycles, or different charting patterns.