Franklin Growth Correlations

FKGRX Fund

USD 150.00 0.86 0.58%

The current 90-days correlation between Franklin Growth and American Funds The is 0.95 (i.e., Almost no diversification). The correlation of Franklin Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Franklin Growth Fund and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Growth Fund 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 Growth Fund. 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

0.68	TEBIX	Franklin Mutual Beacon	Pair Corr
0.68	TEGRX	Templeton Growth	Pair Corr
0.65	TEMEX	Franklin Mutual Beacon	Pair Corr
0.95	TEMWX	Templeton World	Pair Corr
0.86	TEMTX	Franklin Mutual Shares	Pair Corr
0.88	SAIFX	Clearbridge Large Cap	Pair Corr
0.68	TEQIX	Franklin Mutual Quest	Pair Corr
0.69	TEPLX	Templeton Growth	Pair Corr
0.95	TWDAX	Templeton World	Pair Corr
0.86	TESIX	Franklin Mutual Shares	Pair Corr
0.86	TESRX	Franklin Mutual Shares	Pair Corr
0.94	TEWTX	Templeton World	Pair Corr
0.96	SAPYX	Clearbridge Appreciation	Pair Corr
0.89	SASMX	Clearbridge Small Cap	Pair Corr
0.94	LGVAX	Clearbridge Value Trust	Pair Corr
0.94	SBBAX	Qs Servative Growth	Pair Corr

Moving against Franklin Mutual Fund

0.67	TEGBX	Templeton Global Bond	Pair Corr
0.43	LGIEX	Qs International Equity	Pair Corr
0.39	TEURX	Franklin Mutual European	Pair Corr
0.38	TEMIX	Franklin Mutual European	Pair Corr
0.31	TEMMX	Templeton Emerging	Pair Corr
0.31	LGGAX	Clearbridge International	Pair Corr
0.69	WATFX	Western Asset E	Pair Corr
0.65	FRERX	Franklin Total Return	Pair Corr
0.56	WAFAX	Western Asset Inflation	Pair Corr
0.55	WAIIX	Western Asset Inflation	Pair Corr
0.43	SBIEX	Clearbridge International	Pair Corr
0.38	FRCTX	Franklin California Tax	Pair Corr
0.34	SBNYX	Western Asset New	Pair Corr

Related Correlations Analysis

	FAFGX	FFAFX	GFACX	GFAFX	AGTHX	CGFFX	CGFCX	CGFAX	CGFEX	RGAEX
FAFGX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FAFGX
FFAFX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FFAFX
GFACX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	GFACX
GFAFX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	GFAFX
AGTHX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	AGTHX
CGFFX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	CGFFX
CGFCX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	CGFCX
CGFAX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	CGFAX
CGFEX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	CGFEX
RGAEX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		RGAEX
	FAFGX	FFAFX	GFACX	GFAFX	AGTHX	CGFFX	CGFCX	CGFAX	CGFEX	RGAEX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Growth 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 Growth'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
FAFGX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.65)	4.41
FFAFX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.65)	4.41
GFACX	0.65	0.02	0.02	0.15	0.85	(0.67)	1.33	(1.65)	4.41
GFAFX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.64)	4.42
AGTHX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.65)	4.40
CGFFX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.66)	4.41
CGFCX	0.65	0.02	0.02	0.15	0.85	(0.67)	1.34	(1.65)	4.41
CGFAX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.35	(1.65)	4.40
CGFEX	0.65	0.03	0.02	0.15	0.84	(0.67)	1.34	(1.65)	4.40
RGAEX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.66)	4.39

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