Franklin Templeton Correlations

Mutual Funds . USA . 
Fund . Franklin Templeton Smacs
FQEMX Fund  USD 10.38  0.10  0.97%   
The current 90-days correlation between Franklin Templeton Smacs and Ambrus Core Bond is -0.16 (i.e., Good diversification). The correlation of Franklin Templeton 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 Templeton Correlation With Market

Poor diversification

The correlation between Franklin Templeton Smacs and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Templeton Smacs 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 Templeton Smacs. 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 population.

Moving together with Franklin Mutual Fund

  0.95TEBIX Franklin Mutual BeaconPairCorr
  0.99TEDMX Templeton DevelopingPairCorr
  0.94TEDIX Franklin Mutual GlobalPairCorr
  0.93TEDSX Franklin Mutual GlobalPairCorr
  0.94TEDRX Franklin Mutual GlobalPairCorr
  0.93TEFRX Templeton ForeignPairCorr
  0.93TEFTX Templeton ForeignPairCorr
  0.93TEGBX Templeton Global BondPairCorr
  0.96TEGRX Templeton GrowthPairCorr
  0.94TEMFX Templeton ForeignPairCorr
  0.94TEMEX Franklin Mutual BeaconPairCorr
  0.95TEMMX Templeton EmergingPairCorr
  0.93TEMIX Franklin Mutual EuropeanPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.93TEMTX Franklin Mutual SharesPairCorr
  0.93TEMQX Mutual QuestPairCorr
  0.88SAIFX Clearbridge Large CapPairCorr
  0.95SAGYX Clearbridge AggressivePairCorr
  0.95TEMZX Templeton EmergingPairCorr
  0.96TEPLX Templeton GrowthPairCorr
  0.97TWDAX Templeton WorldPairCorr
  0.93TESIX Franklin Mutual SharesPairCorr
  0.93TESGX Templeton Global SmallerPairCorr
  0.93TESRX Franklin Mutual SharesPairCorr
  0.89LGGAX Clearbridge InternationalPairCorr
  0.89LGIEX Qs International EquityPairCorr
  0.86WAADX Western Asset SmashPairCorr
  0.62WABAX Western Asset EPairCorr
  0.95FRAAX Franklin Growth OppoPairCorr
  0.71FRBRX Franklin BiotechnologyPairCorr
  0.93SBIYX Clearbridge InternationalPairCorr
  0.95FRDPX Franklin Rising DividendsPairCorr
  0.95FRDTX Franklin Rising DividendsPairCorr
  0.75FREEX Franklin Real EstatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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