Franklin Resources Correlations

BEN Stock

USD 22.72 0.76 3.46%

The current 90-days correlation between Franklin Resources and BlackRock is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin Resources Correlation With Market

Poor diversification

The correlation between Franklin Resources and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Resources 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 Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Franklin Stock, please use our How to Invest in Franklin Resources guide.

Moving together with Franklin Stock

0.74	V	Visa Class A	Pair Corr
0.8	DHIL	Diamond Hill Investment	Pair Corr
0.79	DIST	Distoken Acquisition	Pair Corr
0.75	AB	AllianceBernstein	Pair Corr
0.68	AC	Associated Capital	Pair Corr
0.83	BN	Brookfield Corp	Pair Corr
0.88	BX	Blackstone Group Normal Trading	Pair Corr
0.79	CG	Carlyle Group	Pair Corr
0.89	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.85	LC	LendingClub Corp	Pair Corr
0.72	MA	Mastercard	Pair Corr
0.84	MC	Moelis	Pair Corr
0.87	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.81	PX	P10 Inc	Pair Corr
0.69	QD	Qudian Inc	Pair Corr
0.87	SF	Stifel Financial Earnings Call Tomorrow	Pair Corr
0.91	WT	WisdomTree	Pair Corr
0.87	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.63	DUET	DUET Acquisition Corp	Pair Corr
0.71	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.68	DYCQ	DT Cloud Acquisition	Pair Corr
0.93	VRTS	Virtus Investment	Pair Corr

Moving against Franklin Stock

0.4	PT	Pintec Technology	Pair Corr
0.71	WU	Western Union	Pair Corr
0.57	XP	Xp Inc	Pair Corr
0.4	RM	Regional Management Corp	Pair Corr
0.73	BRKHU	BurTech Acquisition Corp	Pair Corr
0.58	BRACU	Broad Capital Acquisition	Pair Corr
0.54	BRKHW	BurTech Acquisition Corp	Pair Corr
0.33	EMCGU	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	BLK	MAIN	BX	ARCC	JHG	STT	NTRS	PFG	IVZ	TROW
BLK		0.93	0.91	0.91	0.93	0.96	0.89	0.72	0.83	0.91	BLK
MAIN	0.93		0.92	0.95	0.88	0.91	0.88	0.7	0.76	0.87	MAIN
BX	0.91	0.92		0.84	0.93	0.93	0.95	0.53	0.68	0.93	BX
ARCC	0.91	0.95	0.84		0.84	0.9	0.84	0.73	0.84	0.84	ARCC
JHG	0.93	0.88	0.93	0.84		0.95	0.95	0.49	0.73	0.96	JHG
STT	0.96	0.91	0.93	0.9	0.95		0.94	0.62	0.8	0.92	STT
NTRS	0.89	0.88	0.95	0.84	0.95	0.94		0.43	0.64	0.91	NTRS
PFG	0.72	0.7	0.53	0.73	0.49	0.62	0.43		0.75	0.53	PFG
IVZ	0.83	0.76	0.68	0.84	0.73	0.8	0.64	0.75		0.78	IVZ
TROW	0.91	0.87	0.93	0.84	0.96	0.92	0.91	0.53	0.78		TROW
	BLK	MAIN	BX	ARCC	JHG	STT	NTRS	PFG	IVZ	TROW

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Risk-Adjusted Indicators

There is a big difference between Franklin Stock performing well and Franklin Resources Company 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 Resources' 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BLK	0.84	0.18	0.15	0.36	0.65	(0.89)	2.03	(1.63)	5.71
MAIN	0.55	0.10	0.05	0.34	0.44	(0.68)	1.49	(1.28)	3.02
BX	1.33	0.41	0.37	0.38	0.68	(1.58)	3.33	(1.88)	8.48
ARCC	0.52	0.04	(0.02)	0.20	0.46	(0.57)	1.10	(0.96)	3.08
JHG	1.12	0.15	0.17	0.22	0.95	(1.30)	2.65	(2.10)	8.21
STT	0.95	0.14	0.14	0.26	0.74	(1.16)	2.46	(1.47)	5.94
NTRS	1.03	0.25	0.23	0.39	0.57	(1.20)	2.39	(1.40)	9.54
PFG	0.98	(0.01)	0.02	0.12	1.35	(1.14)	2.17	(2.20)	9.84
IVZ	1.39	(0.09)	(0.01)	0.07	1.52	(1.55)	2.82	(2.97)	6.84
TROW	1.09	0.00	0.03	0.12	1.20	(1.17)	2.14	(2.04)	7.96

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