Franklin Growth Opportunities Fund Market Value
| FRAAX Fund | USD 63.44 0.42 0.67% |
| Symbol | Franklin |
Franklin Growth '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 Growth'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 Growth.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Franklin Growth on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin Growth Opportunities or generate 0.0% return on investment in Franklin Growth over 720 days. Franklin Growth is related to or competes with Massmutual Select, Rbc Emerging, Kinetics Market, Shelton Emerging, Barings Emerging, Transamerica Emerging, and Jpmorgan Emerging. Under normal market conditions, the fund invests predominantly in equity securities of companies demonstrating accelerat... More
Franklin Growth 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 Growth'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 Growth Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 4.0E-4 | |||
| Maximum Drawdown | 5.06 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.44 |
Franklin Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Growth's standard deviation. In reality, there are many statistical measures that can use Franklin Growth historical prices to predict the future Franklin Growth's volatility.| Risk Adjusted Performance | 0.1053 | |||
| Jensen Alpha | 0.0059 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 3.0E-4 | |||
| Treynor Ratio | 0.1338 |
Franklin Growth Oppo Backtested Returns
At this stage we consider Franklin Mutual Fund to be very steady. Franklin Growth Oppo secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the fund had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Growth Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Franklin Growth's Mean Deviation of 0.7298, semi deviation of 0.9861, and Downside Deviation of 1.2 to check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 0.96, which means possible diversification benefits within a given portfolio. Franklin Growth returns are very sensitive to returns on the market. As the market goes up or down, Franklin Growth is expected to follow.
Auto-correlation | 0.79 |
Good predictability
Franklin Growth Opportunities has good predictability. Overlapping area represents the amount of predictability between Franklin Growth time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Growth Oppo price movement. The serial correlation of 0.79 indicates that around 79.0% of current Franklin Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 15.06 |
Franklin Growth Oppo lagged returns against current returns
Autocorrelation, which is Franklin Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Franklin Growth returns to help us make a trade decision. For example, suppose you find that Franklin Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Growth Lagged Returns
When evaluating Franklin Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Growth mutual fund have on its future price. Franklin Growth 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 Growth autocorrelation shows the relationship between Franklin Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Growth Opportunities.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Franklin Mutual Fund
Franklin Growth 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 Growth security.
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