Franklin California Intermediate Term Fund Market Value
| FRCZX Fund | USD 10.73 0.02 0.19% |
| Symbol | Franklin |
Franklin California '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 California'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 California.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in Franklin California on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding Franklin California Intermediate Term or generate 0.0% return on investment in Franklin California over 90 days. Franklin California is related to or competes with Applied Finance, Heartland Value, Omni Small-cap, Vanguard Small-cap, Royce Special, Fpa Queens, and Goldman Sachs. The fund normally invests at least 80 percent of its total assets in securities that pay interest free from federal inco... More
Franklin California 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 California'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 California Intermediate Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1726 | |||
| Information Ratio | (0.84) | |||
| Maximum Drawdown | 0.7485 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.1887 |
Franklin California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin California's standard deviation. In reality, there are many statistical measures that can use Franklin California historical prices to predict the future Franklin California's volatility.| Risk Adjusted Performance | 0.0367 | |||
| Jensen Alpha | 1.0E-4 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.73) | |||
| Treynor Ratio | 0.1327 |
Franklin California Backtested Returns
At this stage we consider Franklin Mutual Fund to be very steady. Franklin California secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13 % return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Franklin California Intermediate Term, which you can use to evaluate the volatility of the entity. Please confirm Franklin California's Mean Deviation of 0.1061, coefficient of variation of 1051.74, and Downside Deviation of 0.1726 to check if the risk estimate we provide is consistent with the expected return of 0.0179%. The fund shows a Beta (market volatility) of 0.0324, which means not very significant fluctuations relative to the market. As returns on the market increase, Franklin California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franklin California is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Franklin California Intermediate Term has poor predictability. Overlapping area represents the amount of predictability between Franklin California time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. 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 California price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Franklin California price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin California lagged returns against current returns
Autocorrelation, which is Franklin California 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 California's mutual fund expected returns. We can calculate the autocorrelation of Franklin California returns to help us make a trade decision. For example, suppose you find that Franklin California 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 California 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 California mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin California 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 California mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Franklin California Lagged Returns
When evaluating Franklin California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin California mutual fund have on its future price. Franklin California 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 California autocorrelation shows the relationship between Franklin California mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Franklin California Intermediate Term.
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 California 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 California security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
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| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |