Franklin LibertyShares (UK) Market Value
| FRUC Etf | 19.38 0.15 0.78% |
| Symbol | Franklin |
Franklin LibertyShares '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 LibertyShares' 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 LibertyShares.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Franklin LibertyShares on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin LibertyShares ICAV or generate 0.0% return on investment in Franklin LibertyShares over 720 days. Franklin LibertyShares is related to or competes with Leverage Shares, WisdomTree Natural, Leverage Shares, GraniteShares, WisdomTree Natural, Leverage Shares, and WisdomTree Short. Franklin LibertyShares is entity of United Kingdom More
Franklin LibertyShares 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 LibertyShares' 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 LibertyShares ICAV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4366 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.04 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.9115 |
Franklin LibertyShares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin LibertyShares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin LibertyShares' standard deviation. In reality, there are many statistical measures that can use Franklin LibertyShares historical prices to predict the future Franklin LibertyShares' volatility.| Risk Adjusted Performance | 0.1126 | |||
| Jensen Alpha | 0.0573 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 1.68 |
Franklin LibertyShares Backtested Returns
Currently, Franklin LibertyShares ICAV is very steady. Franklin LibertyShares secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the etf had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Franklin LibertyShares ICAV, which you can use to evaluate the volatility of the entity. Please confirm Franklin LibertyShares' Downside Deviation of 0.4366, semi deviation of 0.2511, and Mean Deviation of 0.3548 to check if the risk estimate we provide is consistent with the expected return of 0.0609%. The etf shows a Beta (market volatility) of 0.0365, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin LibertyShares' returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin LibertyShares is expected to be smaller as well.
Auto-correlation | -0.35 |
Poor reverse predictability
Franklin LibertyShares ICAV has poor reverse predictability. Overlapping area represents the amount of predictability between Franklin LibertyShares time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 LibertyShares price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Franklin LibertyShares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Franklin LibertyShares lagged returns against current returns
Autocorrelation, which is Franklin LibertyShares 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 LibertyShares' etf expected returns. We can calculate the autocorrelation of Franklin LibertyShares returns to help us make a trade decision. For example, suppose you find that Franklin LibertyShares 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 LibertyShares 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 LibertyShares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin LibertyShares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin LibertyShares etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin LibertyShares Lagged Returns
When evaluating Franklin LibertyShares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin LibertyShares etf have on its future price. Franklin LibertyShares 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 LibertyShares autocorrelation shows the relationship between Franklin LibertyShares etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin LibertyShares ICAV.
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 Etf
Franklin LibertyShares 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 LibertyShares security.