Franklin Arizona Correlations

FAZZX Fund

USD 9.94 0.04 0.40%

The current 90-days correlation between Franklin Arizona Tax and Qs Moderate Growth is -0.04 (i.e., Good diversification). The correlation of Franklin Arizona 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 Arizona Correlation With Market

Average diversification

The correlation between Franklin Arizona Tax Free and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Arizona Tax Free and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Arizona Tax Free. 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 Franklin Mutual Fund

0.95	FRCOX	Franklin Orado Tax	Pair Corr
0.79	FRCTX	Franklin California Tax	Pair Corr
0.84	FRFTX	Franklin Federal Tax	Pair Corr
0.86	FRMZX	Franklin Missouri Tax	Pair Corr
0.93	FRORX	Franklin Oregon Tax	Pair Corr
0.84	FAFTX	Franklin Federal Tax	Pair Corr
0.83	FTFQX	Franklin California Tax	Pair Corr
0.81	FTFZX	Franklin Federal Lim	Pair Corr
0.92	FCAVX	Franklin California Tax	Pair Corr
0.98	FFQAX	Franklin Federal Tax	Pair Corr
0.98	FFTQX	Franklin Federal Tax	Pair Corr

Related Correlations Analysis

	SCGCX	JLMOX	JTSQX	URFRX	SMOAX	HBAIX
SCGCX		0.62	0.95	0.87	0.31	0.94	SCGCX
JLMOX	0.62		0.71	0.83	0.91	0.79	JLMOX
JTSQX	0.95	0.71		0.9	0.46	0.98	JTSQX
URFRX	0.87	0.83	0.9		0.59	0.89	URFRX
SMOAX	0.31	0.91	0.46	0.59		0.57	SMOAX
HBAIX	0.94	0.79	0.98	0.89	0.57		HBAIX
	SCGCX	JLMOX	JTSQX	URFRX	SMOAX	HBAIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SCGCX	0.42	(0.02)	(0.11)	0.09	0.48	(0.46)	0.87	(0.71)	2.67
JLMOX	0.25	0.00	(0.34)	0.12	0.28	(0.27)	0.55	(0.63)	1.35
JTSQX	0.50	(0.04)	(0.12)	0.06	0.63	(0.52)	1.12	(0.93)	3.11
URFRX	0.43	0.02	(0.16)	1.18	0.51	(0.48)	0.95	(0.80)	2.44
SMOAX	0.20	0.00	(0.44)	0.09	0.19	(0.24)	0.34	(0.42)	1.10
HBAIX	0.35	(0.03)	(0.18)	0.06	0.42	(0.38)	0.83	(0.68)	2.05

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Franklin Arizona Correlations

Franklin Arizona Correlation With Market

Average diversification

Moving together with Franklin Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY