Franklin Dynatech Fund Market Value
| FDTRX Fund | USD 166.29 0.73 0.44% |
| Symbol | Franklin |
Franklin Dynatech '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 Dynatech'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 Dynatech.
| 06/08/2022 |
| 05/28/2024 |
If you would invest 0.00 in Franklin Dynatech on June 8, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin Dynatech Fund or generate 0.0% return on investment in Franklin Dynatech over 720 days. Franklin Dynatech is related to or competes with American Funds, American Funds, Growth Fund, Growth Fund, Growth Fund, Growth Fund, and Growth Fund. The fund invests primarily in equity securities of companies that the investment manager believes are leaders in innovat... More
Franklin Dynatech 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 Dynatech'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 Dynatech Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.0174 | |||
| Maximum Drawdown | 4.95 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.22 |
Franklin Dynatech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Dynatech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Dynatech's standard deviation. In reality, there are many statistical measures that can use Franklin Dynatech historical prices to predict the future Franklin Dynatech's volatility.| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | 0.0112 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0185 | |||
| Treynor Ratio | 0.0471 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Dynatech'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 Dynatech Backtested Returns
We consider Franklin Dynatech very steady. Franklin Dynatech secures Sharpe Ratio (or Efficiency) of 0.0687, which denotes the fund had a 0.0687% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin Dynatech Fund, which you can use to evaluate the volatility of the entity. Please confirm Franklin Dynatech's Semi Deviation of 1.01, downside deviation of 1.09, and Mean Deviation of 0.884 to check if the risk estimate we provide is consistent with the expected return of 0.0816%. The fund shows a Beta (market volatility) of 1.24, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Franklin Dynatech will likely underperform.
Auto-correlation | 0.46 |
Average predictability
Franklin Dynatech Fund has average predictability. Overlapping area represents the amount of predictability between Franklin Dynatech time series from 8th of June 2022 to 3rd of June 2023 and 3rd of June 2023 to 28th of May 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 Dynatech price movement. The serial correlation of 0.46 indicates that about 46.0% of current Franklin Dynatech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 220.4 |
Franklin Dynatech lagged returns against current returns
Autocorrelation, which is Franklin Dynatech 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 Dynatech's mutual fund expected returns. We can calculate the autocorrelation of Franklin Dynatech returns to help us make a trade decision. For example, suppose you find that Franklin Dynatech 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 Dynatech 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 Dynatech mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Dynatech 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 Dynatech mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Dynatech Lagged Returns
When evaluating Franklin Dynatech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Dynatech mutual fund have on its future price. Franklin Dynatech 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 Dynatech autocorrelation shows the relationship between Franklin Dynatech mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Dynatech Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Franklin Dynatech Correlation, Franklin Dynatech Volatility and Franklin Dynatech Alpha and Beta module to complement your research on Franklin Dynatech. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Franklin Dynatech 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.