Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Beacon
BEGRX Fund  USD 17.70  0.11  0.63%   
The current 90-days correlation between Franklin Mutual Beacon and Franklin Mutual Global is 0.94 (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

Very poor diversification

The correlation between Franklin Mutual Beacon and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Beacon and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Franklin Mutual Beacon. 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

  1.0TEBIX Franklin Mutual BeaconPairCorr
  0.73TEGRX Templeton GrowthPairCorr
  1.0TEMEX Franklin Mutual BeaconPairCorr
  0.66TEMWX Templeton WorldPairCorr
  0.75TEMTX Franklin Mutual SharesPairCorr
  0.84TEMQX Mutual QuestPairCorr
  0.66SAIFX Clearbridge Large CapPairCorr
  0.84TEQIX Franklin Mutual QuestPairCorr
  0.74TEPLX Templeton GrowthPairCorr
  0.66TWDAX Templeton WorldPairCorr
  0.74TESIX Franklin Mutual SharesPairCorr
  0.74TESRX Franklin Mutual SharesPairCorr
  0.67TEWTX Templeton WorldPairCorr
  0.62SAPYX Clearbridge AppreciationPairCorr
  0.73SASMX Clearbridge Small CapPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
MEURX
+ 0.74
MDISX
MQIFX
+ 0.72
MDISX
MQIFX
+ 0.7
MUTHX
TEFAX
+ 0.63
MUTHX
TEFAX
+ 0.16
MQIFX
MUTHX
+ 0.13
MDISX
  
High negative correlations   
TEFAX
- 0.55
MEURX
MEURX
- 0.53
MUTHX
TEFAX
- 0.18
MDISX

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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