Franklin Small Mid Cap Fund Market Value

FRSIX Fund  USD 17.79  0.03  0.17%   
Franklin Small's market value is the price at which a share of Franklin Small trades on a public exchange. It measures the collective expectations of Franklin Small Mid Cap investors about its performance. Franklin Small is trading at 17.79 as of the 24th of December 2024; that is 0.17 percent decrease since the beginning of the trading day. The fund's open price was 17.82.
With this module, you can estimate the performance of a buy and hold strategy of Franklin Small Mid Cap and determine expected loss or profit from investing in Franklin Small over a given investment horizon. Check out Franklin Small Correlation, Franklin Small Volatility and Franklin Small Alpha and Beta module to complement your research on Franklin Small.
Symbol

Please note, there is a significant difference between Franklin Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Small'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 Small '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 Small'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 Small.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Franklin Small on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Small Mid Cap or generate 0.0% return on investment in Franklin Small over 30 days. Franklin Small is related to or competes with Templeton Foreign, Franklin Growth, Franklin Balance, Templeton Developing, and Franklin Rising. The fund invests at least 80 percent of its net assets in the equity securities of small-capitalization and mid-capitali... More

Franklin Small 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 Small'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 Small Mid Cap upside and downside potential and time the market with a certain degree of confidence.

Franklin Small Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Small's standard deviation. In reality, there are many statistical measures that can use Franklin Small historical prices to predict the future Franklin Small's volatility.
Hype
Prediction
LowEstimatedHigh
16.7817.7918.80
Details
Intrinsic
Valuation
LowRealHigh
16.8017.8118.82
Details

Franklin Small Mid Backtested Returns

At this stage we consider Franklin Mutual Fund to be very steady. Franklin Small Mid secures Sharpe Ratio (or Efficiency) of 0.0937, which denotes the fund had a 0.0937% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin Small Mid Cap, which you can use to evaluate the volatility of the entity. Please confirm Franklin Small's Mean Deviation of 0.6896, downside deviation of 1.15, and Semi Deviation of 0.9635 to check if the risk estimate we provide is consistent with the expected return of 0.0945%. The fund shows a Beta (market volatility) of 1.05, which means a somewhat significant risk relative to the market. Franklin Small returns are very sensitive to returns on the market. As the market goes up or down, Franklin Small is expected to follow.

Auto-correlation

    
  -0.65  

Very good reverse predictability

Franklin Small Mid Cap has very good reverse predictability. Overlapping area represents the amount of predictability between Franklin Small time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 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 Small Mid price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Franklin Small price fluctuation can be explain by its past prices.
Correlation Coefficient-0.65
Spearman Rank Test-0.26
Residual Average0.0
Price Variance0.17

Franklin Small Mid lagged returns against current returns

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

Franklin Small Lagged Returns

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

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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 Small 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 Small security.
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