Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Shares
MUTHX Fund  USD 25.80  0.03  0.12%   
The current 90-days correlation between Franklin Mutual Shares and Franklin Mutual Quest is 0.97 (i.e., Almost no diversification). The correlation of Franklin Mutual 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 Mutual Correlation With Market

Almost no diversification

The correlation between Franklin Mutual Shares and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Shares and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Franklin Mutual Shares. 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 rate.

Moving together with Franklin Mutual Fund

  0.88TEBIX Franklin Mutual BeaconPairCorr
  0.85TEDMX Templeton DevelopingPairCorr
  0.91TEDIX Franklin Mutual GlobalPairCorr
  0.91TEDSX Franklin Mutual GlobalPairCorr
  0.97TEDRX Franklin Mutual GlobalPairCorr
  0.94TEFRX Templeton ForeignPairCorr
  0.94TEFTX Templeton ForeignPairCorr
  0.89TEGRX Templeton GrowthPairCorr
  0.9TEMFX Templeton ForeignPairCorr
  0.94TEMGX Templeton Global SmallerPairCorr
  0.96TEMEX Franklin Mutual BeaconPairCorr
  0.83TEMMX Templeton EmergingPairCorr
  0.9TEMIX Franklin Mutual EuropeanPairCorr
  0.94TEMWX Templeton WorldPairCorr
  1.0TEMTX Franklin Mutual SharesPairCorr
  0.99TEMQX Mutual QuestPairCorr
  0.87SAIFX Clearbridge Large CapPairCorr
  0.74SAGYX Clearbridge AggressivePairCorr
  0.78TEMZX Templeton EmergingPairCorr
  0.87FQEMX Franklin Templeton SmacsPairCorr
  0.99TEQIX Franklin Mutual QuestPairCorr
  0.91TEPLX Templeton GrowthPairCorr
  0.93TWDAX Templeton WorldPairCorr
  1.0TESIX Franklin Mutual SharesPairCorr
  0.95TESGX Templeton Global SmallerPairCorr
  1.0TESRX Franklin Mutual SharesPairCorr
  0.8LGGAX Clearbridge InternationalPairCorr
  0.82TEURX Franklin Mutual EuropeanPairCorr
  0.69LGIEX Qs International EquityPairCorr
  0.94TEWTX Templeton WorldPairCorr
  0.8SAPYX Clearbridge AppreciationPairCorr
  0.95SASMX Clearbridge Small CapPairCorr
  0.68WAADX Western Asset SmashPairCorr
  0.64WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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