Franklin Natural Resources Fund Market Value
| FNCSX Fund | USD 31.71 0.25 0.79% |
| Symbol | Franklin |
Franklin Natural '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 Natural'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 Natural.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Franklin Natural on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Natural Resources or generate 0.0% return on investment in Franklin Natural over 60 days. Franklin Natural is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. Under normal market conditions, the fund invests at least 80 percent of its net assets in the equity and debt securities... More
Franklin Natural 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 Natural'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 Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.2 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.12 |
Franklin Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Natural's standard deviation. In reality, there are many statistical measures that can use Franklin Natural historical prices to predict the future Franklin Natural's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Natural'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 Natural Res Backtested Returns
Franklin Natural Res secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the fund had a -0.15% return per unit of standard deviation over the last 3 months. Franklin Natural Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Natural's Coefficient Of Variation of (943.96), standard deviation of 0.985, and Mean Deviation of 0.7627 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Natural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Natural is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Franklin Natural Resources has good reverse predictability. Overlapping area represents the amount of predictability between Franklin Natural time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Natural Res price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Franklin Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.39 |
Franklin Natural Res lagged returns against current returns
Autocorrelation, which is Franklin Natural 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 Natural's mutual fund expected returns. We can calculate the autocorrelation of Franklin Natural returns to help us make a trade decision. For example, suppose you find that Franklin Natural 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 Natural 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 Natural mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Natural 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 Natural mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Natural Lagged Returns
When evaluating Franklin Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Natural mutual fund have on its future price. Franklin Natural 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 Natural autocorrelation shows the relationship between Franklin Natural mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Natural Resources.
Regressed Prices |
| Timeline |
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Other Information on Investing in Franklin Mutual Fund
Franklin Natural 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 Natural security.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |