Franklin Convertible Correlations

Mutual Funds . USA . 
Fund . Franklin Vertible Securities
FCSZX Fund  USD 24.56  0.02  0.08%   
The current 90-days correlation between Franklin Convertible and Vanguard Growth And is 0.76 (i.e., Poor diversification). The correlation of Franklin Convertible is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Franklin Convertible Correlation With Market

Poor diversification

The correlation between Franklin Vertible Securities and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Vertible Securities and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Vertible Securities. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Franklin Mutual Fund

  0.63TEBIX Franklin Mutual BeaconPairCorr
  0.75TEMWX Templeton WorldPairCorr
  0.95TEMTX Franklin Mutual SharesPairCorr
  0.97SAIFX Clearbridge Large CapPairCorr
  0.97SAGYX Clearbridge AggressivePairCorr
  0.61TEQIX Franklin Mutual QuestPairCorr
  0.75TWDAX Templeton WorldPairCorr
  0.95TESIX Franklin Mutual SharesPairCorr
  0.95TESRX Franklin Mutual SharesPairCorr
  0.73TEWTX Templeton WorldPairCorr
  0.96SAPYX Clearbridge AppreciationPairCorr
  0.96SASMX Clearbridge Small CapPairCorr
  0.76WAADX Western Asset SmashPairCorr

Moving against Franklin Mutual Fund

  0.8TEGBX Templeton Global BondPairCorr
  0.67TEMIX Franklin Mutual EuropeanPairCorr
  0.58TEMMX Templeton EmergingPairCorr
  0.56TEFRX Templeton ForeignPairCorr
  0.56TEFTX Templeton ForeignPairCorr
  0.55TEMFX Templeton ForeignPairCorr
  0.71LGIEX Qs International EquityPairCorr
  0.68TEURX Franklin Mutual EuropeanPairCorr
  0.61LGGAX Clearbridge InternationalPairCorr
  0.57TEMZX Templeton EmergingPairCorr
  0.79WABAX Western Asset EPairCorr
  0.73WACPX Western Asset EPairCorr
  0.7WAFAX Western Asset InflationPairCorr
  0.57TFEQX International EquityPairCorr
  0.55TFFAX Templeton ForeignPairCorr
  0.34WAARX Western Asset TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Convertible Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Franklin Convertible's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY