Franklin Correlations
| FUSRX Fund | USD 5.08 0.01 0.20% |
The current 90-days correlation between Franklin Government and Vanguard Intermediate Term Government is 0.91 (i.e., Almost no diversification). The correlation of Franklin 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 Correlation With Market
Good diversification
The correlation between Franklin Government Securities and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Government Securities and DJI in the same portfolio, assuming nothing else is changed.
Franklin |
Moving together with Franklin Mutual Fund
| 0.95 | TEGBX | Templeton Global Bond | PairCorr |
| 0.64 | TEMMX | Templeton Emerging | PairCorr |
| 0.62 | TEMIX | Franklin Mutual European | PairCorr |
| 0.64 | TEMZX | Templeton Emerging | PairCorr |
| 0.72 | LGGAX | Clearbridge International | PairCorr |
| 0.63 | TEURX | Franklin Mutual European | PairCorr |
| 0.73 | LGIEX | Qs International Equity | PairCorr |
| 0.63 | FQNCX | Franklin North Carolina | PairCorr |
| 0.83 | WAARX | Western Asset Total | PairCorr |
Moving against Franklin Mutual Fund
| 0.64 | TEMTX | Franklin Mutual Shares | PairCorr |
| 0.57 | TEMWX | Templeton World | PairCorr |
| 0.76 | SAGYX | Clearbridge Aggressive | PairCorr |
| 0.71 | SAIFX | Clearbridge Large Cap | PairCorr |
| 0.65 | TESIX | Franklin Mutual Shares | PairCorr |
| 0.65 | TESRX | Franklin Mutual Shares | PairCorr |
| 0.57 | TWDAX | Templeton World | PairCorr |
| 0.55 | TEWTX | Templeton World | PairCorr |
| 0.81 | SBAYX | Western Asset Adjustable | PairCorr |
| 0.77 | LGVAX | Clearbridge Value Trust | PairCorr |
| 0.71 | SAPYX | Clearbridge Appreciation | PairCorr |
| 0.66 | SASMX | Clearbridge Small Cap | PairCorr |
| 0.64 | WAADX | Western Asset Smash | PairCorr |
| 0.48 | FQTEX | Franklin Strategic Series | PairCorr |
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 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VSIGX | 0.20 | (0.02) | 0.00 | 0.39 | 0.00 | 0.45 | 1.24 | |||
| UGSFX | 0.24 | (0.02) | 0.00 | 0.40 | 0.00 | 0.41 | 1.40 | |||
| AMUSX | 0.23 | (0.02) | 0.00 | 0.41 | 0.00 | 0.41 | 1.48 | |||
| UGSCX | 0.22 | (0.02) | 0.00 | 0.50 | 0.00 | 0.34 | 1.49 | |||
| FSUUX | 0.23 | (0.02) | 0.00 | 0.42 | 0.00 | 0.34 | 1.48 | |||
| VMBSX | 0.25 | (0.01) | 0.00 | 0.30 | 0.00 | 0.49 | 1.37 | |||
| VFIIX | 0.23 | (0.02) | 0.00 | 0.50 | 0.00 | 0.43 | 1.20 | |||
| FUTBX | 0.22 | (0.01) | 0.00 | 0.21 | 0.00 | 0.46 | 1.48 |