Franklin Servative Correlations

Mutual Funds . USA . 
Fund . Franklin Servative Allocation
FTCRX Fund  USD 13.99  0.08  0.58%   
The current 90-days correlation between Franklin Servative and Franklin Mutual Beacon is 0.33 (i.e., Weak diversification). The correlation of Franklin Servative 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 Servative Correlation With Market

Poor diversification

The correlation between Franklin Servative Allocation and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Servative Allocation 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 Servative Allocation. 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

  0.63TEBIX Franklin Mutual BeaconPairCorr
  0.65TEGRX Templeton GrowthPairCorr
  0.77TEMGX Templeton Global SmallerPairCorr
  0.64TEMEX Franklin Mutual BeaconPairCorr
  0.71TEMWX Templeton World Downward RallyPairCorr
  0.74TEMQX Mutual QuestPairCorr
  0.78FQCTX Franklin Necticut TaxPairCorr
  0.74FQCHX Franklin Templeton SmacsPairCorr
  0.72TEQIX Franklin Mutual QuestPairCorr
  0.65TEPLX Templeton GrowthPairCorr
  0.7TWDAX Templeton World Downward RallyPairCorr
  0.76TESGX Templeton Global SmallerPairCorr
  0.77FQLAX Franklin Louisiana TaxPairCorr
  0.71TEWTX Templeton WorldPairCorr
  0.79FQNCX Franklin North CarolinaPairCorr
  0.79FQMDX Franklin Maryland TaxPairCorr
  0.81WAARX 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 Servative 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 Servative'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  0.54 (0.16) 0.00 (0.30) 0.00 
 0.00 
 0.83 
(1.05)
 4.25 
TEDMX  0.79 (0.06) 0.00 (0.24) 0.00 
 0.00 
 1.50 
(1.68)
 6.20 
TEDIX  0.63 (0.24) 0.00 (0.69) 0.00 
 0.00 
 0.85 
(1.05)
 3.61 
TEDSX  0.62 (0.24) 0.00 (0.63) 0.00 
 0.00 
 0.82 
(1.35)
 3.59 
TEDRX  0.63 (0.24) 0.00 (0.69) 0.00 
 0.00 
 0.84 
(1.08)
 3.55 
TEFRX  0.77 (0.20) 0.00 (0.68) 0.00 
 0.00 
 1.27 
(2.02)
 5.69 
TEFTX  0.77 (0.19) 0.00 (0.58) 0.00 
 0.00 
 1.37 
(1.97)
 5.54 
TEGBX  0.43 (0.19) 0.00 (6.62) 0.00 
 0.00 
 0.67 
(1.01)
 3.22 
TEGRX  0.56 (0.12) 0.00 (0.14) 0.00 
 0.00 
 0.99 
(0.94)
 4.35 
TEMFX  0.78 (0.21) 0.00 (0.67) 0.00 
 0.00 
 1.36 
(2.06)
 5.66 

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