FRANKLIN HIGH Total Risk Alpha
| FHYIX Fund | | | USD 8.93 -0.06 -0.67% |
The Total Risk Alpha signal for Franklin High Yield reflects patterns observed in trading data. All inputs are based on actual trading observations from supported exchanges. Review
Investing Opportunities for context on portfolio diversification. Allocation structure reflects how positions are distributed across the portfolio. Portfolio analysis tools can evaluate how Franklin High Yield fits within a broader allocation. This view summarizes available data without implying outcomes. Broader economic conditions can influence Franklin High Yield's mutual fund valuation — related indicators include
signals in gross domestic product.
Franklin High Yield has current Total Risk Alpha of 9.0E-4. 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] |
| = | 9.0E-4 | |
| ER[a] | = | Expected return on investing in FRANKLIN HIGH |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on FRANKLIN HIGH |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Franklin High Yield is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
1,344 of Maximum Drawdown per Total Risk Alpha. At
1,344 , Franklin High Yield's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare FRANKLIN HIGH to Peers
Other Technical Indicators