Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual European
MEURX Fund  USD 25.28  0.35  1.40%   
The current 90-days correlation between Franklin Mutual European and Health Biotchnology Portfolio is 0.37 (i.e., Weak diversification). The correlation of Franklin Mutual 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 Mutual Correlation With Market

Very weak diversification

The correlation between Franklin Mutual European and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual European and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Franklin Mutual European. 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

  0.61TEDIX Franklin Mutual GlobalPairCorr
  0.65TEDSX Franklin Mutual GlobalPairCorr
  0.62TEDRX Franklin Mutual GlobalPairCorr
  0.97TEFRX Templeton ForeignPairCorr
  0.97TEFTX Templeton ForeignPairCorr
  0.78TEGBX Templeton Global BondPairCorr
  0.97TEMFX Templeton ForeignPairCorr
  0.68TEMGX Templeton Global SmallerPairCorr
  0.93TEMMX Templeton EmergingPairCorr
  1.0TEMIX Franklin Mutual EuropeanPairCorr
  0.93TEMZX Templeton EmergingPairCorr
  0.66FQEMX Franklin Templeton SmacsPairCorr
  0.7TESGX Templeton Global SmallerPairCorr
  0.93LGGAX Clearbridge InternationalPairCorr
  1.0TEURX Franklin Mutual EuropeanPairCorr
  0.97LGIEX Qs International EquityPairCorr

Moving against Franklin Mutual Fund

  0.6SAIFX Clearbridge Large CapPairCorr
  0.58TEMTX Franklin Mutual SharesPairCorr
  0.58TESIX Franklin Mutual SharesPairCorr
  0.58TESRX Franklin Mutual SharesPairCorr
  0.53SAGYX Clearbridge AggressivePairCorr
  0.65SBAYX Western Asset AdjustablePairCorr
  0.55SAPYX Clearbridge AppreciationPairCorr
  0.55SASMX Clearbridge Small CapPairCorr
  0.52FRBSX Franklin Balance SheetPairCorr
  0.51LGVAX Clearbridge Value TrustPairCorr
  0.44FRAAX Franklin Growth OppoPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Mutual 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 Mutual'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.

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