Franklin Convertible Correlations
| FISCX Fund | USD 24.59 0.09 0.37% |
The current 90-days correlation between Franklin Convertible and Franklin Equity Income is -0.11 (i.e., Good diversification). The correlation of Franklin Convertible 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 Convertible Correlation With Market
Good diversification
The correlation between Franklin Vertible Securities and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Vertible Securities and DJI in the same portfolio, assuming nothing else is changed.
Franklin |
Moving together with Franklin Mutual Fund
| 0.77 | TEFTX | Templeton Foreign | PairCorr |
| 0.95 | TEMWX | Templeton World | PairCorr |
| 0.74 | TEMTX | Franklin Mutual Shares | PairCorr |
| 0.92 | TWDAX | Templeton World | PairCorr |
| 0.72 | TESIX | Franklin Mutual Shares | PairCorr |
| 0.95 | TEWTX | Templeton World | PairCorr |
Moving against Franklin Mutual Fund
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