Franklin Federal Tax Free Fund Price on October 30, 2024
| FKTIX Fund | USD 11.01 0.03 0.27% |
Below is the normalized historical share price chart for Franklin Federal Tax Free extending back to May 15, 1986. 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 Federal stands at 11.01, as last reported on the 1st of December, with the highest price reaching 11.01 and the lowest price hitting 11.01 during the day.
If you're considering investing in Franklin Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Franklin Mutual Fund to be very steady. Franklin Federal Tax secures Sharpe Ratio (or Efficiency) of 0.0778, which denotes the fund had a 0.0778% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Federal Tax Free, which you can use to evaluate the volatility of the entity. Please confirm Franklin Federal's Downside Deviation of 0.4356, semi deviation of 0.1937, and Mean Deviation of 0.1565 to check if the risk estimate we provide is consistent with the expected return of 0.0203%.
Franklin Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Franklin |
Sharpe Ratio = 0.0778
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Estimated Market Risk
| 0.26 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Franklin Federal is performing at about 6% of its full potential. 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 Federal by adding it to a well-diversified portfolio.
Franklin Federal Valuation on October 30, 2024
It is possible to determine the worth of Franklin Federal on a given historical date. On October 30, 2024 Franklin was worth 10.81 at the beginning of the trading date compared to the closed value of 10.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Franklin Federal mutual fund. Still, in general, we apply an absolute valuation method to find Franklin Federal'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 Federal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Franklin Federal's related companies.
| Open | High | Low | Close | Volume | |
| 10.80 | 10.80 | 10.80 | 10.80 | 1.00 | |
10/30/2024 | 10.81 | 10.81 | 10.81 | 10.81 | 1.00 |
| 10.87 | 10.87 | 10.87 | 10.87 | 1.00 |
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Franklin Federal Trading Date Momentum on October 30, 2024
| On October 31 2024 Franklin Federal Tax Free was traded for 10.87 at the closing time. The highest daily price throughout the period was 10.87 and the lowest price was 10.87 . There was no trading activity during the period 1.0. Lack of trading volume on 10/31/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.56% . The overall trading delta to current closing price is 0.74% . |
Franklin Federal Tax Fundamentals Correlations and Trends
By evaluating Franklin Federal'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 Federal'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 Federal Mutual Fund history
Franklin Federal 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 Federal 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 Federal stock prices may prove useful in developing a viable investing in Franklin Federal
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. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20 percent of the funds total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and in securities that pay taxable interest.
Franklin Federal Mutual Fund Technical Analysis
Franklin Federal 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 Federal Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Franklin Federal Tax Free cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Franklin Federal December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Franklin Federal 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 Federal shares will generate the highest return on investment. By undertsting and applying Franklin Federal mutual fund market strength indicators, traders can identify Franklin Federal Tax Free entry and exit signals to maximize returns
Franklin Federal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Franklin Federal'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 | 0.059 | |||
| Jensen Alpha | 0.0299 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | (0.16) |
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Other Information on Investing in Franklin Mutual Fund
Franklin Federal financial ratios help investors to determine whether Franklin 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 Franklin with respect to the benefits of owning Franklin Federal security.
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |