Franklin Electric Co Stock Market Value

FELE Stock  USD 106.81  0.17  0.16%   
Franklin Electric's market value is the price at which a share of Franklin Electric trades on a public exchange. It measures the collective expectations of Franklin Electric Co investors about its performance. Franklin Electric is trading at 106.81 as of the 29th of March 2024, a 0.16 percent up since the beginning of the trading day. The stock's lowest day price was 106.43.
With this module, you can estimate the performance of a buy and hold strategy of Franklin Electric Co and determine expected loss or profit from investing in Franklin Electric over a given investment horizon. Check out Franklin Electric Correlation, Franklin Electric Volatility and Franklin Electric Alpha and Beta module to complement your research on Franklin Electric.
Symbol

Franklin Electric Price To Book Ratio

Is Franklin Electric's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Franklin Electric. If investors know Franklin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Franklin Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.02)
Dividend Share
0.9
Earnings Share
4.11
Revenue Per Share
44.7
Quarterly Revenue Growth
(0.03)
The market value of Franklin Electric is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Electric's value that differs from its market value or its book value, called intrinsic value, which is Franklin Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Franklin Electric's market value can be influenced by many factors that don't directly affect Franklin Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Franklin Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Electric'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 Electric '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 Electric's stock 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 Electric.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Franklin Electric on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Franklin Electric Co or generate 0.0% return on investment in Franklin Electric over 720 days. Franklin Electric is related to or competes with Barnes, Babcock Wilcox, Crane, Hillenbrand, Ingersoll Rand, Parker Hannifin, and Richtech Robotics. Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumpi... More

Franklin Electric 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 Electric's stock 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 Electric Co upside and downside potential and time the market with a certain degree of confidence.

Franklin Electric Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Electric's standard deviation. In reality, there are many statistical measures that can use Franklin Electric historical prices to predict the future Franklin Electric's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Electric'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.
Hype
Prediction
LowEstimatedHigh
105.54106.86108.18
Details
Intrinsic
Valuation
LowRealHigh
93.3494.66117.49
Details
Naive
Forecast
LowNextHigh
106.65107.97109.29
Details
5 Analysts
Consensus
LowTargetHigh
91.61100.67111.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Franklin Electric. Your research has to be compared to or analyzed against Franklin Electric's peers to derive any actionable benefits. When done correctly, Franklin Electric's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Franklin Electric.

Franklin Electric Backtested Returns

Franklin Electric appears to be very steady, given 3 months investment horizon. Franklin Electric secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Franklin Electric Co, which you can use to evaluate the volatility of the firm. Please utilize Franklin Electric's Mean Deviation of 0.9477, downside deviation of 1.42, and Semi Deviation of 1.21 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Franklin Electric holds a performance score of 12. The firm shows a Beta (market volatility) of 1.66, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Franklin Electric will likely underperform. Please check Franklin Electric's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to make a quick decision on whether Franklin Electric's price patterns will revert.

Auto-correlation

    
  0.27  

Poor predictability

Franklin Electric Co has poor predictability. Overlapping area represents the amount of predictability between Franklin Electric time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Electric price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Franklin Electric price fluctuation can be explain by its past prices.
Correlation Coefficient0.27
Spearman Rank Test0.14
Residual Average0.0
Price Variance29.93

Franklin Electric lagged returns against current returns

Autocorrelation, which is Franklin Electric stock'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 Electric's stock expected returns. We can calculate the autocorrelation of Franklin Electric returns to help us make a trade decision. For example, suppose you find that Franklin Electric has exhibited high autocorrelation historically, and you observe that the stock 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 Electric 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 Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Electric stock over time.
   Current vs Lagged Prices   
       Timeline  

Franklin Electric Lagged Returns

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

Franklin Electric Investors Sentiment

The influence of Franklin Electric's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Franklin. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Franklin Electric's public news can be used to forecast risks associated with an investment in Franklin. The trend in average sentiment can be used to explain how an investor holding Franklin can time the market purely based on public headlines and social activities around Franklin Electric Co. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Franklin Electric's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Franklin Electric's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Franklin Electric's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Franklin Electric.
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 Electric 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 Electric's short interest history, or implied volatility extrapolated from Franklin Electric options trading.

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When determining whether Franklin Electric is a strong investment it is important to analyze Franklin Electric's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Franklin Electric's future performance. For an informed investment choice regarding Franklin Stock, refer to the following important reports:
Check out Franklin Electric Correlation, Franklin Electric Volatility and Franklin Electric Alpha and Beta module to complement your research on Franklin Electric.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Franklin Stock analysis

When running Franklin Electric's price analysis, check to measure Franklin Electric's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Franklin Electric is operating at the current time. Most of Franklin Electric's value examination focuses on studying past and present price action to predict the probability of Franklin Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Franklin Electric's price. Additionally, you may evaluate how the addition of Franklin Electric to your portfolios can decrease your overall portfolio volatility.
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Franklin Electric technical stock 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, stock market cycles, or different charting patterns.
A focus of Franklin Electric technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Franklin Electric trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...