Franklin Large Cap Etf Market Value
| FLUS Etf | CAD 47.04 0.70 1.51% |
| Symbol | Franklin |
Franklin Large '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 Large's etf 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 Large.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Franklin Large on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Large Cap or generate 0.0% return on investment in Franklin Large over 90 days. Franklin Large is related to or competes with Franklin Bissett, FT AlphaDEX, and Dynamic Active. Seeks to replicate, to the extent reasonably possible before fees and expenses, the performance of LibertyQ U.S More
Franklin Large 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 Large's etf 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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.023 | |||
| Maximum Drawdown | 3.99 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.57 |
Franklin Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Large's standard deviation. In reality, there are many statistical measures that can use Franklin Large historical prices to predict the future Franklin Large's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0304 | |||
| Treynor Ratio | (0.16) |
Franklin Large Cap Backtested Returns
Franklin Large Cap secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the etf had a -0.1 % return per unit of standard deviation over the last 3 months. Franklin Large Cap exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Large's Coefficient Of Variation of (1,215), standard deviation of 0.9409, and Mean Deviation of 0.7071 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, Franklin Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Large is expected to be smaller as well.
Auto-correlation | -0.64 |
Very good reverse predictability
Franklin Large Cap has very good reverse predictability. Overlapping area represents the amount of predictability between Franklin Large time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Large Cap price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Franklin Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2.07 |
Franklin Large Cap lagged returns against current returns
Autocorrelation, which is Franklin Large etf'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 Large's etf expected returns. We can calculate the autocorrelation of Franklin Large returns to help us make a trade decision. For example, suppose you find that Franklin Large has exhibited high autocorrelation historically, and you observe that the etf 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 Large 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 Large etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Large etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Large etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin Large Lagged Returns
When evaluating Franklin Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Large etf have on its future price. Franklin Large 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 Large autocorrelation shows the relationship between Franklin Large etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin Large Cap.
Regressed Prices |
| Timeline |
Pair Trading with Franklin Large
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Franklin Large position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Franklin Large will appreciate offsetting losses from the drop in the long position's value.Moving together with Franklin Etf
| 0.93 | XSP | iShares Core SP | PairCorr |
| 0.96 | ZSP | BMO SP 500 | PairCorr |
| 0.96 | VFV | Vanguard SP 500 | PairCorr |
| 0.95 | HXS | Global X SP | PairCorr |
| 0.96 | XUS | iShares Core SP | PairCorr |
Moving against Franklin Etf
The ability to find closely correlated positions to Franklin Large could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Large when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Franklin Large - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Franklin Large Cap to buy it.
The correlation of Franklin Large is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Large Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Franklin Large can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Franklin Etf
Franklin Large financial ratios help investors to determine whether Franklin Etf 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 Large security.