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FAAAX
Mutual Fund ticker: NASDAQ
AS OF
May 8 closing price
Price
$10.95
Change
-$0.01 (-0.09%)
Net Assets
519.23M

FAAAX K2 Alternative Strategies A Forecast, Technical & Fundamental Analysis

The investment seeks capital appreciation with lower volatility relative to the broad equity markets... Show more

Category: #Trading
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A.I.Advisor
published Highlights

Industry description

The investment seeks capital appreciation with lower volatility relative to the broad equity markets. The fund seeks to achieve its investment goal by allocating its assets across multiple non-traditional or "alternative" strategies, including, but not limited to, some or all of the following strategies: Long Short Equity, Relative Value, Event Driven and Global Macro. It may invest in a wide range of securities and other investments including, but not limited to: equity securities (which may include common stocks, preferred stocks and convertible securities) and debt securities.

Volume

The average weekly volume growth across all stocks in the K2 Alternative Strategies A MF was -3%. For the same stocks of the MF, the average monthly volume growth was -21% and the average quarterly volume growth was -29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 77
P/E Growth Rating: 66
Price Growth Rating: 33
SMR Rating: 51
Profit Risk Rating: 50
Seasonality Score: -26 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Multistrategy
Address
Franklin Alternative Strategies FundsOne Franklin ParkwaySan Mateo
Phone
N/A
Web
franklintempleton.com
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FAAAX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, FAAAX has been closely correlated with GARUX. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if FAAAX jumps, then GARUX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FAAAX
1D Price
Change %
FAAAX100%
N/A
GARUX - FAAAX
77%
Closely correlated
N/A
GARTX - FAAAX
77%
Closely correlated
N/A
BXMIX - FAAAX
54%
Loosely correlated
N/A
GSGPX - FAAAX
53%
Loosely correlated
N/A
BXMYX - FAAAX
47%
Loosely correlated
N/A
More