Franklin Biotechnology Discovery Fund Price on March 1, 2024
| FBTDX Fund | USD 125.87 1.37 1.10% |
Below is the normalized historical share price chart for Franklin Biotechnology Discovery extending back to October 06, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Franklin Biotechnology stands at 125.87, as last reported on the 4th of May, with the highest price reaching 125.87 and the lowest price hitting 125.87 during the day.
If you're considering investing in Franklin Mutual Fund, it is important to understand the factors that can impact its price. We consider Franklin Biotechnology very steady. Franklin Biotechnology secures Sharpe Ratio (or Efficiency) of 0.0228, which denotes the fund had a 0.0228% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Franklin Biotechnology Discovery, which you can use to evaluate the volatility of the entity. Please confirm Franklin Biotechnology's Downside Deviation of 1.27, mean deviation of 1.06, and Semi Deviation of 1.24 to check if the risk estimate we provide is consistent with the expected return of 0.0283%.
Franklin Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Franklin |
Sharpe Ratio = 0.0228
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| Negative Returns | FBTDX |
Estimated Market Risk
| 1.24 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Franklin Biotechnology is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Franklin Biotechnology by adding it to a well-diversified portfolio.
Franklin Biotechnology Valuation on March 1, 2024
It is possible to determine the worth of Franklin Biotechnology on a given historical date. On March 1, 2024 Franklin was worth 135.28 at the beginning of the trading date compared to the closed value of 135.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Franklin Biotechnology mutual fund. Still, in general, we apply an absolute valuation method to find Franklin Biotechnology's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Franklin Biotechnology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Franklin Biotechnology's related companies.
| Open | High | Low | Close | Volume | |
| 131.89 | 131.89 | 131.89 | 131.89 | 1.00 | |
03/01/2024 | 135.28 | 135.28 | 135.28 | 135.28 | 1.00 |
| 133.62 | 133.62 | 133.62 | 133.62 | 1.00 |
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Franklin Biotechnology Trading Date Momentum on March 1, 2024
| On March 04 2024 Franklin Biotechnology Discovery was traded for 133.62 at the closing time. The highest daily price throughout the period was 133.62 and the lowest price was 133.62 . There was no trading activity during the period 1.0. Lack of trading volume on 03/04/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.23% . The overall trading delta to current closing price is 4.18% . |
Franklin Biotechnology Fundamentals Correlations and Trends
By evaluating Franklin Biotechnology's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Franklin Biotechnology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Franklin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Franklin Biotechnology Mutual Fund history
Franklin Biotechnology investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Franklin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Franklin Biotechnology will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Franklin Biotechnology stock prices may prove useful in developing a viable investing in Franklin Biotechnology
Under normal market conditions, the fund invests at least 80 percent of its net assets in securities of biotechnology companies and discovery research firms. The fund predominantly invests in equity securities. In addition to its investments in biotechnology companies, the fund may also invest up to 20 percent of its net assets in equity or debt securities of any type of issuer. It is non-diversified.
Franklin Biotechnology Mutual Fund Technical Analysis
Franklin Biotechnology 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.
Price Boundaries
Franklin Biotechnology Period Price Range
Low | March 1, 2024
| High |
135.28 | 135.28 |
Franklin Biotechnology May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Franklin Biotechnology mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Franklin Biotechnology shares will generate the highest return on investment. By undertsting and applying Franklin Biotechnology mutual fund market strength indicators, traders can identify Franklin Biotechnology Discovery entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 135.28 | |||
| Day Typical Price | 135.28 | |||
| Period Momentum Indicator | (9.41) | |||
| Relative Strength Index | 53.91 |
Franklin Biotechnology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Franklin Biotechnology's price direction in advance. Along with the technical and fundamental analysis of Franklin Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Franklin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0193 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0137 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Biotechnology Discovery. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Franklin Biotechnology information on this page should be used as a complementary analysis to other Franklin Biotechnology'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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.