Franklin K2 Alternative Fund Market Value
| FAAAX Fund | USD 11.41 0.02 0.17% |
| Symbol | Franklin |
Franklin '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'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.
| 03/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in Franklin on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin K2 Alternative or generate 0.0% return on investment in Franklin over 30 days. Franklin is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. The fund seeks to achieve its investment goal by allocating its assets across multiple non-traditional or alternative st... More
Franklin 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'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 K2 Alternative upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1759 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 0.8832 | |||
| Value At Risk | (0.26) | |||
| Potential Upside | 0.3653 |
Franklin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin's standard deviation. In reality, there are many statistical measures that can use Franklin historical prices to predict the future Franklin's volatility.| Risk Adjusted Performance | 0.177 | |||
| Jensen Alpha | 0.0522 | |||
| Total Risk Alpha | 0.0281 | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (3.79) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin's 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 K2 Alternative Backtested Returns
We consider Franklin very steady. Franklin K2 Alternative secures Sharpe Ratio (or Efficiency) of 0.32, which denotes the fund had a 0.32% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Franklin K2 Alternative, which you can use to evaluate the volatility of the entity. Please confirm Franklin's Mean Deviation of 0.1486, downside deviation of 0.1759, and Coefficient Of Variation of 306.48 to check if the risk estimate we provide is consistent with the expected return of 0.0597%. The fund shows a Beta (market volatility) of -0.0135, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin are expected to decrease at a much lower rate. During the bear market, Franklin is likely to outperform the market.
Auto-correlation | -0.7 |
Very good reverse predictability
Franklin K2 Alternative has very good reverse predictability. Overlapping area represents the amount of predictability between Franklin time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th of April 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 K2 Alternative price movement. The serial correlation of -0.7 indicates that around 70.0% of current Franklin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin K2 Alternative lagged returns against current returns
Autocorrelation, which is Franklin 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's mutual fund expected returns. We can calculate the autocorrelation of Franklin returns to help us make a trade decision. For example, suppose you find that Franklin 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin Lagged Returns
When evaluating Franklin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin mutual fund have on its future price. Franklin 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 autocorrelation shows the relationship between Franklin mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin K2 Alternative.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Franklin in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Franklin's short interest history, or implied volatility extrapolated from Franklin options trading.
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Try AI Portfolio ArchitectCheck out Franklin Correlation, Franklin Volatility and Franklin Alpha and Beta module to complement your research on Franklin. Note that the Franklin K2 Alternative information on this page should be used as a complementary analysis to other Franklin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Franklin technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.