Franklin Corefolio Correlations

Mutual Funds . USA . 
Fund . Franklin Efolio Allocation
FTCOX Fund  USD 24.15  0.10  0.42%   
The current 90-days correlation between Franklin Efolio Allo and Ab Bond Inflation is 0.05 (i.e., Significant diversification). The correlation of Franklin Corefolio 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 Corefolio Correlation With Market

Almost no diversification

The correlation between Franklin Efolio Allocation and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Efolio 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 Efolio 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

  0.84TEBIX Franklin Mutual BeaconPairCorr
  0.95TEDMX Templeton DevelopingPairCorr
  0.78TEDIX Franklin Mutual GlobalPairCorr
  0.77TEDSX Franklin Mutual GlobalPairCorr
  0.81TEDRX Franklin Mutual GlobalPairCorr
  0.89TEFRX Templeton ForeignPairCorr
  0.84TEFTX Templeton ForeignPairCorr
  0.77TEGBX Templeton Global BondPairCorr
  0.99TEGRX Templeton GrowthPairCorr
  0.86TEMFX Templeton ForeignPairCorr
  0.93TEMGX Templeton Global SmallerPairCorr
  0.83TEMEX Franklin Mutual BeaconPairCorr
  0.65TEMMX Templeton EmergingPairCorr
  0.83TEMIX Franklin Mutual EuropeanPairCorr
  0.99TEMWX Templeton WorldPairCorr
  0.79TEMTX Franklin Mutual SharesPairCorr
  0.88TEMQX Mutual QuestPairCorr
  0.95SAIFX Clearbridge Large CapPairCorr
  0.94SAGYX Clearbridge AggressivePairCorr
  0.68TEMZX Templeton EmergingPairCorr
  0.94FQEMX Franklin Templeton SmacsPairCorr
  0.88TEQIX Franklin Mutual QuestPairCorr
  0.95TEPLX Templeton GrowthPairCorr
  0.99TWDAX Templeton WorldPairCorr
  0.8TESIX Franklin Mutual SharesPairCorr
  0.92TESGX Templeton Global SmallerPairCorr
  0.83TESRX Franklin Mutual SharesPairCorr
  0.85TEURX Franklin Mutual EuropeanPairCorr
  0.78LGIEX Qs International EquityPairCorr
  0.95TEWTX Templeton WorldPairCorr
  0.95SAPYX Clearbridge AppreciationPairCorr
  0.85SASMX Clearbridge Small CapPairCorr
  0.65WAADX Western Asset SmashPairCorr
  0.87WAARX Western Asset TotalPairCorr

Moving against Franklin Mutual Fund

  0.34FQLAX Franklin Louisiana TaxPairCorr
  0.33FQCHX Franklin Templeton SmacsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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