Franklin Servative Correlations

FTCIX Fund

USD 15.17 0.04 0.26%

The current 90-days correlation between Franklin Servative and Locorr Strategic Allocation is 0.84 (i.e., Very poor diversification). The correlation of Franklin Servative 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 Servative Correlation With Market

Modest diversification

The correlation between Franklin Servative Allocation and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Servative 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 Servative 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

0.78	PEYAX	Putnam Equity Income	Pair Corr
0.72	TEBIX	Franklin Mutual Beacon	Pair Corr
0.84	TEDMX	Templeton Developing	Pair Corr
0.78	TEDIX	Franklin Mutual Global	Pair Corr
0.77	TEDSX	Franklin Mutual Global	Pair Corr
0.68	TEDRX	Franklin Mutual Global	Pair Corr
0.62	TEFTX	Templeton Foreign	Pair Corr
0.72	TEMEX	Franklin Mutual Beacon	Pair Corr
0.64	TEMIX	Franklin Mutual European	Pair Corr
0.92	TEMWX	Templeton World	Pair Corr
0.71	FQCTX	Franklin Necticut Tax	Pair Corr
0.75	FQCHX	Franklin Templeton Smacs	Pair Corr
0.82	FQEMX	Franklin Templeton Smacs	Pair Corr
0.65	TEQIX	Franklin Mutual Quest	Pair Corr
0.87	TWDAX	Templeton World	Pair Corr
0.64	TEURX	Franklin Mutual European	Pair Corr
0.7	FQLAX	Franklin Louisiana Tax	Pair Corr
0.81	TEWTX	Templeton World	Pair Corr
0.69	FQNCX	Franklin North Carolina	Pair Corr

Related Correlations Analysis

	LSAAX	MIDSX	PRNHX	EICVX	CMACX	PBLIX	NQQQX
LSAAX		0.41	0.48	0.38	0.9	0.92	0.84	LSAAX
MIDSX	0.41		0.38	0.73	0.44	0.41	0.49	MIDSX
PRNHX	0.48	0.38		0.49	0.57	0.54	0.63	PRNHX
EICVX	0.38	0.73	0.49		0.56	0.54	0.64	EICVX
CMACX	0.9	0.44	0.57	0.56		0.98	0.89	CMACX
PBLIX	0.92	0.41	0.54	0.54	0.98		0.92	PBLIX
NQQQX	0.84	0.49	0.63	0.64	0.89	0.92		NQQQX
	LSAAX	MIDSX	PRNHX	EICVX	CMACX	PBLIX	NQQQX

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Servative 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 Servative'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
LSAAX	0.44	0.04	(0.02)	0.86	0.58	(0.49)	1.00	(0.88)	3.14
MIDSX	1.78	0.38	0.11	0.43	2.44	(1.89)	3.73	(3.90)	13.39
PRNHX	1.21	(0.02)	0.00	0.04	2.03	(1.27)	1.80	(2.08)	21.91
EICVX	0.67	0.13	0.12	0.93	0.45	(0.87)	1.36	(0.87)	8.80
CMACX	0.37	0.01	(0.08)	0.10	0.48	(0.37)	0.80	(0.75)	1.98
PBLIX	0.51	0.02	(0.03)	0.22	0.73	(0.50)	1.02	(1.11)	2.86
NQQQX	0.89	0.10	0.04	4.05	1.20	(0.91)	2.19	(2.05)	6.34

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Franklin Servative Correlations

Franklin Servative Correlation With Market

Modest diversification

Moving together with Franklin Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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