Franklin Rising Correlations

Mutual Funds . USA . 
Fund . Franklin Rising Dividends
FRISX Fund  USD 90.49  0.83  0.93%   
The correlation of Franklin Rising 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 Rising Correlation With Market

Significant diversification

The correlation between Franklin Rising Dividends and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Rising Dividends 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 Rising Dividends. 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 state.

Moving together with Franklin Mutual Fund

  0.73TEBIX Franklin Mutual BeaconPairCorr
  0.75TEDIX Franklin Mutual GlobalPairCorr
  0.82TEDSX Franklin Mutual GlobalPairCorr
  0.74TEDRX Franklin Mutual GlobalPairCorr
  0.68TEMGX Templeton Global SmallerPairCorr
  0.93TEMEX Franklin Mutual BeaconPairCorr
  0.8TEMWX Templeton WorldPairCorr
  0.91TEMTX Franklin Mutual SharesPairCorr
  0.91TEMQX Mutual QuestPairCorr
  0.92SAIFX Clearbridge Large CapPairCorr
  0.74SAGYX Clearbridge AggressivePairCorr
  0.93TEQIX Franklin Mutual QuestPairCorr
  0.71TEPLX Templeton GrowthPairCorr
  0.81TWDAX Templeton WorldPairCorr
  0.92TESIX Franklin Mutual SharesPairCorr
  0.65TESGX Templeton Global SmallerPairCorr
  0.92TESRX Franklin Mutual SharesPairCorr
  0.82TEWTX Templeton WorldPairCorr
  0.7SAPYX Clearbridge AppreciationPairCorr
  0.67SASMX Clearbridge Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Rising 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 Rising'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEBIX  0.55 (0.14) 0.00 (0.25) 0.00 
 0.00 
 0.83 
(1.05)
 6.52 
TEDMX  0.78 (0.05) 0.00 (0.21) 0.00 
 0.00 
 1.50 
(1.68)
 6.20 
TEDIX  0.62 (0.22) 0.00 (0.60) 0.00 
 0.00 
 0.85 
(1.05)
 10.42 
TEDSX  0.62 (0.21) 0.00 (14.75) 0.00 
 0.00 
 0.82 
(1.35)
 9.48 
TEDRX  0.62 (0.22) 0.00 (0.60) 0.00 
 0.00 
 0.84 
(1.08)
 10.33 
TEFRX  0.77 (0.17) 0.00 (0.54) 0.00 
 0.00 
 1.27 
(2.02)
 5.69 
TEFTX  0.77 (0.15) 0.00 (11.80) 0.00 
 0.00 
 1.37 
(1.97)
 5.54 
TEGBX  0.43 (0.20) 0.00 (2.33) 0.00 
 0.00 
 0.67 
(1.01)
 3.22 
TEGRX  0.57 (0.10) 0.00 (0.11) 0.00 
 0.00 
 0.99 
(0.94)
 4.35 
TEMFX  0.75 (0.19) 0.00 (0.66) 0.00 
 0.00 
 1.05 
(2.06)
 5.66 

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