Franklin California Tax Free Fund Price on April 4, 2024
| FKTFX Fund | USD 6.80 0.01 0.15% |
Below is the normalized historical share price chart for Franklin California Tax Free extending back to November 12, 1981. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Franklin California stands at 6.80, as last reported on the 23rd of May, with the highest price reaching 6.80 and the lowest price hitting 6.80 during the day.
If you're considering investing in Franklin Mutual Fund, it is important to understand the factors that can impact its price. Franklin California Tax secures Sharpe Ratio (or Efficiency) of -0.0262, which denotes the fund had a -0.0262% return per unit of standard deviation over the last 3 months. Franklin California Tax Free exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin California's Coefficient Of Variation of (8,162), mean deviation of 0.1189, and Standard Deviation of 0.1701 to check the risk estimate we provide.
Franklin Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Franklin |
Sharpe Ratio = -0.0262
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FKTFX |
Estimated Market Risk
| 0.17 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Franklin California is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Franklin California by adding Franklin California to a well-diversified portfolio.
Franklin California Valuation on April 4, 2024
It is possible to determine the worth of Franklin California on a given historical date. On April 4, 2024 Franklin was worth 6.81 at the beginning of the trading date compared to the closed value of 6.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Franklin California mutual fund. Still, in general, we apply an absolute valuation method to find Franklin California's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Franklin California where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Franklin California's related companies.
| Open | High | Low | Close | Volume | |
| 6.81 | 6.81 | 6.79 | 6.79 | 1.00 | |
04/04/2024 | 6.81 | 6.81 | 6.79 | 6.79 | 1.00 |
| 6.80 | 6.80 | 6.78 | 6.78 | 1.00 |
| Backtest Franklin California | | | Franklin California History | | | Franklin California Valuation | Previous | Next |
Franklin California Trading Date Momentum on April 4, 2024
| On April 05 2024 Franklin California Tax Free was traded for 6.78 at the closing time. The highest daily price throughout the period was 6.80 and the lowest price was 6.78 . There was no trading activity during the period 1.0. Lack of trading volume on 04/05/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.15% . The overall trading delta to current closing price is 0.00% . |
Franklin California Tax Fundamentals Correlations and Trends
By evaluating Franklin California's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Franklin California's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Franklin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Franklin California Mutual Fund history
Franklin California investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Franklin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Franklin California Tax will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Franklin California stock prices may prove useful in developing a viable investing in Franklin California
The fund invests at least 80 percent of its total assets in investment grade municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from California personal income taxes. It is possible that up to 20 percent of its total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes.
Franklin California Mutual Fund Technical Analysis
Franklin California 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.
Price Boundaries
Franklin California Period Price Range
Low | April 4, 2024
| High |
6.81 | 6.79 |
Franklin California May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Franklin California mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Franklin California shares will generate the highest return on investment. By undertsting and applying Franklin California mutual fund market strength indicators, traders can identify Franklin California Tax Free entry and exit signals to maximize returns
Franklin California Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Franklin California's price direction in advance. Along with the technical and fundamental analysis of Franklin Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Franklin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.23) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin California Tax Free. 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 census. Note that the Franklin California Tax information on this page should be used as a complementary analysis to other Franklin California's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.