Franklin Moderate Correlations

Mutual Funds . USA . 
Fund . Franklin Moderate Allocation
FMTIX Fund  USD 16.99  0.02  0.12%   
The current 90-days correlation between Franklin Moderate and Jp Morgan Smartretirement is 0.65 (i.e., Poor 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

Very poor diversification

The correlation between Franklin Moderate Allocation and DJI is 0.88 (i.e., Very 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 gross domestic product.

Moving together with Franklin Mutual Fund

  0.93PEYAX Putnam Equity IncomePairCorr
  0.95TEBIX Franklin Mutual BeaconPairCorr
  0.94TEDMX Templeton DevelopingPairCorr
  0.93TEDIX Franklin Mutual GlobalPairCorr
  0.95TEDSX Franklin Mutual GlobalPairCorr
  0.93TEDRX Franklin Mutual GlobalPairCorr
  0.96TEFRX Templeton ForeignPairCorr
  0.96TEFTX Templeton ForeignPairCorr
  0.81TEGBX Templeton Global BondPairCorr
  0.85TEGRX Templeton GrowthPairCorr
  0.96TEMFX Templeton ForeignPairCorr
  0.95TEMGX Templeton Global SmallerPairCorr
  0.95TEMEX Franklin Mutual BeaconPairCorr
  0.83TEMMX Templeton EmergingPairCorr
  0.94TEMIX Franklin Mutual EuropeanPairCorr
  0.93TEMWX Templeton WorldPairCorr
  0.91TEMTX Franklin Mutual SharesPairCorr
  0.92TEMQX Mutual QuestPairCorr
  0.77PFICX Putnam Floating RatePairCorr
  0.86FQCTX Franklin Necticut TaxPairCorr
  0.92SAIFX Clearbridge Large CapPairCorr
  0.66SAGYX Clearbridge AggressivePairCorr
  0.84TEMZX Templeton EmergingPairCorr
  0.91FQCHX Franklin Templeton SmacsPairCorr
  0.93FQEMX Franklin Templeton SmacsPairCorr
  0.92TEQIX Franklin Mutual QuestPairCorr
  0.97TEPLX Templeton GrowthPairCorr
  0.91TWDAX Templeton WorldPairCorr
  0.94TESIX Franklin Mutual SharesPairCorr
  0.94TESGX Templeton Global SmallerPairCorr
  0.92TESRX Franklin Mutual SharesPairCorr
  0.81PFLRX Putnam Floating RatePairCorr
  0.92LGGAX Clearbridge InternationalPairCorr
  0.93TEURX Franklin Mutual EuropeanPairCorr
  0.91LGIEX Qs International EquityPairCorr
  0.89FQLAX Franklin Louisiana TaxPairCorr
  0.93TEWTX Templeton WorldPairCorr
  0.8SAPYX Clearbridge AppreciationPairCorr
  0.85SASMX Clearbridge Small CapPairCorr
  0.9FQNCX Franklin North CarolinaPairCorr

Related Correlations Analysis


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.

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