Franklin Income Fund Market Value

FKINX Fund  USD 2.36  0.01  0.43%   
Franklin Income's market value is the price at which a share of Franklin Income trades on a public exchange. It measures the collective expectations of Franklin Income Fund investors about its performance. Franklin Income is trading at 2.36 as of the 24th of December 2024; that is 0.43% up since the beginning of the trading day. The fund's open price was 2.35.
With this module, you can estimate the performance of a buy and hold strategy of Franklin Income Fund and determine expected loss or profit from investing in Franklin Income over a given investment horizon. Check out Franklin Income Correlation, Franklin Income Volatility and Franklin Income Alpha and Beta module to complement your research on Franklin Income.
Symbol

Please note, there is a significant difference between Franklin Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Income's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Franklin Income '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 Income'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 Income.
0.00
01/04/2023
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/24/2024
0.00
If you would invest  0.00  in Franklin Income on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Franklin Income Fund or generate 0.0% return on investment in Franklin Income over 720 days. Franklin Income is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. The fund invests in a diversified portfolio of debt and equity securities More

Franklin Income 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 Income'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 Income Fund upside and downside potential and time the market with a certain degree of confidence.

Franklin Income Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Income's standard deviation. In reality, there are many statistical measures that can use Franklin Income historical prices to predict the future Franklin Income's volatility.
Hype
Prediction
LowEstimatedHigh
2.022.352.68
Details
Intrinsic
Valuation
LowRealHigh
2.032.362.69
Details

Franklin Income Backtested Returns

Franklin Income secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the fund had a -0.12% return per unit of standard deviation over the last 3 months. Franklin Income Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Income's Standard Deviation of 0.3346, coefficient of variation of (762.08), and Mean Deviation of 0.2397 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0841, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Income is expected to be smaller as well.

Auto-correlation

    
  -0.13  

Insignificant reverse predictability

Franklin Income Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Franklin Income time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th of December 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 Income price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Franklin Income price fluctuation can be explain by its past prices.
Correlation Coefficient-0.13
Spearman Rank Test-0.02
Residual Average0.0
Price Variance0.01

Franklin Income lagged returns against current returns

Autocorrelation, which is Franklin Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Franklin Income returns to help us make a trade decision. For example, suppose you find that Franklin Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Income 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 Income mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Franklin Income Lagged Returns

When evaluating Franklin Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Income mutual fund have on its future price. Franklin Income 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 Income autocorrelation shows the relationship between Franklin Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Income Fund.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Franklin Mutual Fund

Franklin Income 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 Income security.
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