Franklin Vertible Securities Fund Market Value
| FISCX Fund | USD 23.03 0.26 1.14% |
| Symbol | Franklin |
Franklin Convertible '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 Convertible'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 Convertible.
| 02/24/2025 |
| 03/26/2025 |
If you would invest 0.00 in Franklin Convertible on February 24, 2025 and sell it all today you would earn a total of 0.00 from holding Franklin Vertible Securities or generate 0.0% return on investment in Franklin Convertible over 30 days. Franklin Convertible is related to or competes with Franklin Equity, Franklin Utilities, Franklin Strategic, Franklin Rising, and Franklin Natural. The fund normally invests at least 80 percent of its net assets in convertible securities More
Franklin Convertible 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 Convertible'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 Vertible Securities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.74 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.01 |
Franklin Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Convertible's standard deviation. In reality, there are many statistical measures that can use Franklin Convertible historical prices to predict the future Franklin Convertible's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 1.23 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Convertible'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 Convertible Backtested Returns
Franklin Convertible secures Sharpe Ratio (or Efficiency) of -0.0326, which denotes the fund had a -0.0326 % return per unit of standard deviation over the last 3 months. Franklin Vertible Securities exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Convertible's Standard Deviation of 0.7614, mean deviation of 0.6066, and Coefficient Of Variation of (963.07) to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0726, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin Convertible are expected to decrease at a much lower rate. During the bear market, Franklin Convertible is likely to outperform the market.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Franklin Vertible Securities has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Franklin Convertible time series from 24th of February 2025 to 11th of March 2025 and 11th of March 2025 to 26th of March 2025. 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 Convertible price movement. The serial correlation of -0.78 indicates that around 78.0% of current Franklin Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Franklin Convertible lagged returns against current returns
Autocorrelation, which is Franklin Convertible 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 Convertible's mutual fund expected returns. We can calculate the autocorrelation of Franklin Convertible returns to help us make a trade decision. For example, suppose you find that Franklin Convertible 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 Convertible 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 Convertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Convertible 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 Convertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Convertible Lagged Returns
When evaluating Franklin Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Convertible mutual fund have on its future price. Franklin Convertible 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 Convertible autocorrelation shows the relationship between Franklin Convertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Vertible Securities.
Regressed Prices |
| Timeline |
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Other Information on Investing in Franklin Mutual Fund
Franklin Convertible 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 Convertible security.
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