Franklin Moderate Correlations

Mutual Funds . USA . 
Fund . Franklin Moderate Allocation
FTMRX Fund  USD 15.89  0.11  0.70%   
The current 90-days correlation between Franklin Moderate and Franklin Mutual Beacon is 0.38 (i.e., Weak diversification). The correlation of Franklin Moderate 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 Moderate Correlation With Market

Poor diversification

The correlation between Franklin Moderate Allocation and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Moderate 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 Moderate 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

  0.65TEBIX Franklin Mutual BeaconPairCorr
  0.65TEMEX Franklin Mutual BeaconPairCorr
  0.85TEMWX Templeton World Downward RallyPairCorr
  0.62TEMTX Franklin Mutual SharesPairCorr
  0.69TEMQX Mutual QuestPairCorr
  0.62SAIFX Clearbridge Large CapPairCorr
  0.69TEQIX Franklin Mutual QuestPairCorr
  0.85TWDAX Templeton World Downward RallyPairCorr
  0.62TESIX Franklin Mutual SharesPairCorr
  0.7TESRX Franklin Mutual SharesPairCorr
  0.67FQLAX Franklin Louisiana TaxPairCorr
  0.84TEWTX Templeton WorldPairCorr
  0.61SAPYX Clearbridge AppreciationPairCorr
  0.74SASMX Clearbridge Small CapPairCorr
  0.62FQNCX Franklin North CarolinaPairCorr
  0.65FQMDX Franklin Maryland TaxPairCorr

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 Moderate 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 Moderate'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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