Franklin Wireless Correlations

FKWL Stock

USD 4.25 0.05 1.16%

The current 90-days correlation between Franklin Wireless Corp and Moving iMage Technologies is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Wireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Wireless Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin Wireless Correlation With Market

Weak diversification

The correlation between Franklin Wireless Corp and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Wireless Corp 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 Wireless Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Related Correlations Analysis

	WLAN	TPTW	MITQ	CMTL	KVHI	AMPG	SYTA	OCC	ITI	KN
WLAN		0.56	-0.35	0.59	0.11	-0.01	-0.37	0.06	-0.24	-0.2	WLAN
TPTW	0.56		-0.17	0.4	0.05	-0.03	-0.3	0.03	-0.24	-0.03	TPTW
MITQ	-0.35	-0.17		-0.43	0.23	0.6	0.39	-0.24	0.44	0.45	MITQ
CMTL	0.59	0.4	-0.43		0.13	-0.2	-0.55	0.16	-0.19	-0.31	CMTL
KVHI	0.11	0.05	0.23	0.13		0.1	-0.54	-0.07	0.79	0.48	KVHI
AMPG	-0.01	-0.03	0.6	-0.2	0.1		0.19	-0.05	0.17	0.29	AMPG
SYTA	-0.37	-0.3	0.39	-0.55	-0.54	0.19		-0.18	-0.28	-0.05	SYTA
OCC	0.06	0.03	-0.24	0.16	-0.07	-0.05	-0.18		-0.16	-0.37	OCC
ITI	-0.24	-0.24	0.44	-0.19	0.79	0.17	-0.28	-0.16		0.53	ITI
KN	-0.2	-0.03	0.45	-0.31	0.48	0.29	-0.05	-0.37	0.53		KN
	WLAN	TPTW	MITQ	CMTL	KVHI	AMPG	SYTA	OCC	ITI	KN

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ITI	+ 0.79	KVHI
AMPG	+ 0.6	MITQ
CMTL	+ 0.59	WLAN
TPTW	+ 0.56	WLAN
KN	+ 0.53	ITI
KN	+ 0.48	KVHI

High negative correlations

SYTA	- 0.55	CMTL
SYTA	- 0.54	KVHI
CMTL	- 0.43	MITQ
KN	- 0.37	OCC
SYTA	- 0.37	WLAN
MITQ	- 0.35	WLAN

Risk-Adjusted Indicators

There is a big difference between Franklin Stock performing well and Franklin Wireless Company 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 Wireless' 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
WLAN	6.60	0.58	0.04	(2.50)	6.65	(13.38)	18.75	(13.33)	43.08
TPTW	17.49	4.24	0.08	(1.04)	16.26	(100.00)	100.00	(50.00)	250.00
MITQ	2.95	0.26	0.03	(1.03)	2.86	(3.85)	5.17	(4.76)	24.33
CMTL	4.72	0.14	0.03	0.22	6.59	(5.23)	12.63	(8.43)	40.77
KVHI	1.71	0.27	0.11	0.63	1.60	(2.16)	4.42	(2.92)	10.42
AMPG	5.78	0.45	0.05	0.79	6.79	(8.18)	13.95	(11.76)	70.88
SYTA	6.01	0.10	0.00	0.09	0.00	0.00	10.26	(9.90)	114.24
OCC	1.90	(0.22)	0.00	(0.83)	0.00	0.00	4.85	(4.40)	11.72
ITI	88.12	48.40	46.62	(2.33)	0.00	(108.41)	5.42	(0.41)	2,939
KN	1.46	(0.14)	0.00	0.06	1.70	(1.68)	2.56	(3.10)	12.11

Franklin Wireless Corporate Executives

Elected by the shareholders, the Franklin Wireless' board of directors comprises two types of representatives: Franklin Wireless inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Franklin. The board's role is to monitor Franklin Wireless' management team and ensure that shareholders' interests are well served. Franklin Wireless' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Franklin Wireless' outside directors are responsible for providing unbiased perspectives on the board's policies.

William Bauer

Secretary, CFO

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