Correlation Between Franklin and Dfa International
Can any of the company-specific risk be diversified away by investing in both Franklin and Dfa International at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Franklin and Dfa International into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Franklin Government Money and Dfa International Vector, you can compare the effects of market volatilities on Franklin and Dfa International and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Franklin with a short position of Dfa International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Franklin and Dfa International.
Diversification Opportunities for Franklin and Dfa International
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Franklin and Dfa is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Government Money and Dfa International Vector in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dfa International Vector and Franklin is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Franklin Government Money are associated (or correlated) with Dfa International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dfa International Vector has no effect on the direction of Franklin i.e., Franklin and Dfa International go up and down completely randomly.
Pair Corralation between Franklin and Dfa International
If you would invest 1,611 in Dfa International Vector on June 12, 2025 and sell it today you would earn a total of 108.00 from holding Dfa International Vector or generate 6.7% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Franklin Government Money vs. Dfa International Vector
Performance |
| Timeline |
| Franklin Government Money |
| Dfa International Vector |
Franklin and Dfa International Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Franklin and Dfa International
The main advantage of trading using opposite Franklin and Dfa International positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Franklin position performs unexpectedly, Dfa International can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dfa International will offset losses from the drop in Dfa International's long position.| Franklin vs. Multisector Bond Sma | Franklin vs. Ab Bond Inflation | Franklin vs. Pace Strategic Fixed | Franklin vs. Enhanced Fixed Income |
| Dfa International vs. Praxis Impact Bond | Dfa International vs. Ab Bond Inflation | Dfa International vs. Jhvit Core Bond | Dfa International vs. Blrc Sgy Mnp |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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