Ftfa Franklin Templeton Growth Fund Market Value
| FGTZX Fund | USD 19.66 0.08 0.41% |
| Symbol | Ftfa |
Ftfa Franklin '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 Ftfa Franklin'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 Ftfa Franklin.
| 05/08/2024 |
| 06/07/2024 |
If you would invest 0.00 in Ftfa Franklin on May 8, 2024 and sell it all today you would earn a total of 0.00 from holding Ftfa Franklin Templeton Growth or generate 0.0% return on investment in Ftfa Franklin over 30 days. Ftfa Franklin is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. The fund is a fund of funds meaning that it seeks to achieve its investment goal by investing its assets primarily in ot... More
Ftfa Franklin 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 Ftfa Franklin'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 Ftfa Franklin Templeton Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5768 | |||
| Information Ratio | 0.0519 | |||
| Maximum Drawdown | 2.39 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.06 |
Ftfa Franklin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ftfa Franklin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ftfa Franklin's standard deviation. In reality, there are many statistical measures that can use Ftfa Franklin historical prices to predict the future Ftfa Franklin's volatility.| Risk Adjusted Performance | 0.0501 | |||
| Jensen Alpha | 0.033 | |||
| Total Risk Alpha | 0.0315 | |||
| Sortino Ratio | 0.0541 | |||
| Treynor Ratio | 0.051 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ftfa Franklin'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.
Ftfa Franklin Templeton Backtested Returns
We consider Ftfa Franklin very steady. Ftfa Franklin Templeton secures Sharpe Ratio (or Efficiency) of 0.0944, which denotes the fund had a 0.0944% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ftfa Franklin Templeton Growth, which you can use to evaluate the volatility of the entity. Please confirm Ftfa Franklin's Downside Deviation of 0.5768, mean deviation of 0.4756, and Coefficient Of Variation of 1232.42 to check if the risk estimate we provide is consistent with the expected return of 0.0566%. The fund shows a Beta (market volatility) of 0.76, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ftfa Franklin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ftfa Franklin is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Ftfa Franklin Templeton Growth has below average predictability. Overlapping area represents the amount of predictability between Ftfa Franklin time series from 8th of May 2024 to 23rd of May 2024 and 23rd of May 2024 to 7th of June 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 Ftfa Franklin Templeton price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Ftfa Franklin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ftfa Franklin Templeton lagged returns against current returns
Autocorrelation, which is Ftfa Franklin 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 Ftfa Franklin's mutual fund expected returns. We can calculate the autocorrelation of Ftfa Franklin returns to help us make a trade decision. For example, suppose you find that Ftfa Franklin 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 |
Ftfa Franklin 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 Ftfa Franklin mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ftfa Franklin mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ftfa Franklin mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ftfa Franklin Lagged Returns
When evaluating Ftfa Franklin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ftfa Franklin mutual fund have on its future price. Ftfa Franklin 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, Ftfa Franklin autocorrelation shows the relationship between Ftfa Franklin mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ftfa Franklin Templeton Growth.
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.Other Information on Investing in Ftfa Mutual Fund
Ftfa Franklin financial ratios help investors to determine whether Ftfa Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ftfa with respect to the benefits of owning Ftfa Franklin security.
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