Vy(r) Franklin Correlations

Mutual Funds . USA . 
Fund . Vy Franklin Income
IIFAX Fund  USD 9.95  0.02  0.20%   
The current 90-days correlation between Vy Franklin Income and State Street Target is -0.02 (i.e., Good diversification). The correlation of Vy(r) Franklin 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.

Vy(r) Franklin Correlation With Market

Good diversification

The correlation between Vy Franklin Income and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy Franklin Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Vy Franklin Income. 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 nation.

Moving together with Vy(r) Mutual Fund

  0.97IMYCX Voya High YieldPairCorr
  0.86INGIX Voya Stock IndexPairCorr
  0.7INTIX Voya International IndexPairCorr
  0.75VPRAX Voya T RowePairCorr
  0.83VPRSX Voya Jpmorgan SmallPairCorr
  0.97NAPIX Voya Multi ManagerPairCorr
  0.63NAWCX Voya Global EquityPairCorr
  0.72NAWGX Voya Global EquityPairCorr
  0.66NAWIX Voya Global EquityPairCorr
  0.82IPARX Voya Global PerspectivesPairCorr
  0.73IPEIX Voya Large CapPairCorr
  0.71IPESX Voya Large CapPairCorr
  0.98IPIMX Voya High YieldPairCorr
  0.82IPIRX Voya Global PerspectivesPairCorr
  0.69IPHYX Voya High YieldPairCorr
  0.63IPLIX Voya Index PlusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) Franklin 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 Vy(r) Franklin'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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