Franklin Strategic Correlations
| FGKNX Fund | USD 8.24 0.02 0.24% |
The current 90-days correlation between Franklin Strategic Income and Franklin Mutual Beacon is 0.13 (i.e., Average diversification). The correlation of Franklin Strategic 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 Strategic Correlation With Market
Average diversification
The correlation between Franklin Strategic Income and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Strategic Income and DJI in the same portfolio, assuming nothing else is changed.
Franklin |
Moving together with Franklin Mutual Fund
| 0.65 | TEDSX | Franklin Mutual Global | PairCorr |
| 0.65 | TEFRX | Templeton Foreign | PairCorr |
| 0.64 | TEFTX | Templeton Foreign | PairCorr |
| 0.72 | TEGBX | Templeton Global Bond | PairCorr |
| 0.64 | TEMFX | Templeton Foreign | PairCorr |
| 0.8 | TEMGX | Templeton Global Smaller | PairCorr |
| 0.69 | TEMMX | Templeton Emerging | PairCorr |
| 0.72 | TEMIX | Franklin Mutual European | PairCorr |
| 0.79 | FQCTX | Franklin Necticut Tax | PairCorr |
| 0.69 | TEMZX | Templeton Emerging | PairCorr |
| 0.78 | FQCHX | Franklin Templeton Smacs | PairCorr |
| 0.81 | TESGX | Templeton Global Smaller | PairCorr |
| 0.88 | LGGAX | Clearbridge International | PairCorr |
| 0.72 | TEURX | Franklin Mutual European | PairCorr |
| 0.76 | LGIEX | Qs International Equity | PairCorr |
| 0.66 | FQLAX | Franklin Louisiana Tax | PairCorr |
| 0.79 | FQNCX | Franklin North Carolina | PairCorr |
| 0.76 | FQMDX | Franklin Maryland Tax | PairCorr |
| 0.89 | WAARX | Western Asset Total | PairCorr |
Moving against Franklin Mutual Fund
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Franklin Mutual Fund performing well and Franklin Strategic 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 Strategic'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TEBIX | 0.54 | (0.16) | 0.00 | (0.30) | 0.00 | 0.83 | 4.25 | |||
| TEDMX | 0.79 | (0.06) | 0.00 | (0.24) | 0.00 | 1.50 | 6.20 | |||
| TEDIX | 0.63 | (0.24) | 0.00 | (0.69) | 0.00 | 0.85 | 3.61 | |||
| TEDSX | 0.62 | (0.24) | 0.00 | (0.63) | 0.00 | 0.82 | 3.59 | |||
| TEDRX | 0.63 | (0.24) | 0.00 | (0.69) | 0.00 | 0.84 | 3.55 | |||
| TEFRX | 0.77 | (0.20) | 0.00 | (0.68) | 0.00 | 1.27 | 5.69 | |||
| TEFTX | 0.77 | (0.19) | 0.00 | (0.58) | 0.00 | 1.37 | 5.54 | |||
| TEGBX | 0.43 | (0.19) | 0.00 | (6.62) | 0.00 | 0.67 | 3.22 | |||
| TEGRX | 0.56 | (0.12) | 0.00 | (0.14) | 0.00 | 0.99 | 4.35 | |||
| TEMFX | 0.78 | (0.21) | 0.00 | (0.67) | 0.00 | 1.36 | 5.66 |