Franklin Equity Income Fund Market Value
| FREIX Fund | USD 32.39 0.22 0.68% |
| Symbol | Franklin |
Franklin Equity '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 Equity'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 Equity.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Franklin Equity on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Equity Income or generate 0.0% return on investment in Franklin Equity over 30 days. Franklin Equity is related to or competes with Pace International, Morningstar International, Guidemark, Touchstone International, Monteagle Enhanced, and Aqr Long-short. The fund normally invests at least 80 percent of its net assets in equity securities, including securities convertible i... More
Franklin Equity 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 Equity'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 Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.32 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 0.9683 |
Franklin Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Equity's standard deviation. In reality, there are many statistical measures that can use Franklin Equity historical prices to predict the future Franklin Equity's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.42) |
Franklin Equity Income Backtested Returns
Franklin Equity Income secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the fund had a -0.1 % return per unit of standard deviation over the last 3 months. Franklin Equity Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Equity's Coefficient Of Variation of (994.15), mean deviation of 0.5827, and Standard Deviation of 1.07 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Equity is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
Franklin Equity Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Franklin Equity time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st 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 Equity Income price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Franklin Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Franklin Equity Income lagged returns against current returns
Autocorrelation, which is Franklin Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Franklin Equity returns to help us make a trade decision. For example, suppose you find that Franklin Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Equity Lagged Returns
When evaluating Franklin Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Equity mutual fund have on its future price. Franklin Equity 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 Equity autocorrelation shows the relationship between Franklin Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Equity Income.
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 Equity 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 Equity security.
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