Franklin Utilities Fund Market Value
| FRUSX Fund | USD 25.75 0.04 0.16% |
| Symbol | Franklin |
Franklin Utilities '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 Utilities' 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 Utilities.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Franklin Utilities on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Franklin Utilities Fund or generate 0.0% return on investment in Franklin Utilities over 540 days. Franklin Utilities is related to or competes with Growth Opportunities, Shelton Funds, Small Cap, Volumetric Fund, Ab Value, T Rowe, and Eic Value. The fund normally invests at least 80 percent of its net assets in the securities of public utilities companies More
Franklin Utilities 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 Utilities' 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 Utilities Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8928 | |||
| Information Ratio | 0.0566 | |||
| Maximum Drawdown | 4.07 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.63 |
Franklin Utilities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Utilities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Utilities' standard deviation. In reality, there are many statistical measures that can use Franklin Utilities historical prices to predict the future Franklin Utilities' volatility.| Risk Adjusted Performance | 0.1527 | |||
| Jensen Alpha | 0.1425 | |||
| Total Risk Alpha | 0.0317 | |||
| Sortino Ratio | 0.0565 | |||
| Treynor Ratio | 0.819 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Utilities' 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 Utilities Backtested Returns
At this stage we consider Franklin Mutual Fund to be very steady. Franklin Utilities secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin Utilities Fund, which you can use to evaluate the volatility of the entity. Please confirm Franklin Utilities' Mean Deviation of 0.6931, semi deviation of 0.6435, and Downside Deviation of 0.8928 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 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin Utilities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin Utilities is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Franklin Utilities Fund has good reverse predictability. Overlapping area represents the amount of predictability between Franklin Utilities time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Utilities price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Franklin Utilities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 3.58 |
Franklin Utilities lagged returns against current returns
Autocorrelation, which is Franklin Utilities 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 Utilities' mutual fund expected returns. We can calculate the autocorrelation of Franklin Utilities returns to help us make a trade decision. For example, suppose you find that Franklin Utilities 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 Utilities 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 Utilities mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Utilities 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 Utilities mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Utilities Lagged Returns
When evaluating Franklin Utilities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Utilities mutual fund have on its future price. Franklin Utilities 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 Utilities autocorrelation shows the relationship between Franklin Utilities mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin Utilities Fund.
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 Utilities 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 Utilities security.
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