Franklin Core Total Risk Alpha
| FCRU Etf | | | 22.38 -0.06 -0.27% |
This technical indicator view for Total Risk Alpha organizes signals for Franklin Core Equity and comparable instruments. Data availability can vary by region and feed;
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Investing Opportunities to understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This suggests a position in Franklin Core Equity inside the allocation mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Franklin Core Equity has current Total Risk Alpha of
-0.04. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | -0.04 | |
| ER[a] | = | Expected return on investing in Franklin Core |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Franklin Core |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Franklin Core Total Risk Alpha Peers Comparison
Franklin Total Risk Alpha Relative To Other Indicators
Franklin Core Equity is rated
below average in total risk alpha against similar ETFs. It lands at
#5 in maximum drawdown against similar ETFs .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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