Franklin Income Correlations

FCISX Fund

USD 2.48 0.01 0.40%

The current 90-days correlation between Franklin Income and Dimensional Retirement Income is -0.01 (i.e., Good diversification). The correlation of Franklin Income 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 Income Correlation With Market

Very weak diversification

The correlation between Franklin Income Fund and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Income Fund 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 Income Fund. 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 state.

Moving together with Franklin Mutual Fund

0.71	TEDMX	Templeton Developing	Pair Corr
0.61	TEGRX	Templeton Growth	Pair Corr
0.69	TEMWX	Templeton World	Pair Corr
0.74	TEMQX	Mutual Quest	Pair Corr
0.63	FQEMX	Franklin Templeton Smacs	Pair Corr
0.74	TEQIX	Franklin Mutual Quest	Pair Corr
0.62	TEPLX	Templeton Growth	Pair Corr
0.69	TWDAX	Templeton World	Pair Corr
0.69	TEWTX	Templeton World	Pair Corr
0.65	WAADX	Western Asset Smash	Pair Corr

Related Correlations Analysis

	TDIFX	SCGCX	CMACX	TCTZX	JLMOX	SAMAX	RERPX
TDIFX		0.52	0.87	0.84	0.97	0.45	0.96	TDIFX
SCGCX	0.52		0.76	0.71	0.62	0.94	0.51	SCGCX
CMACX	0.87	0.76		0.82	0.95	0.76	0.88	CMACX
TCTZX	0.84	0.71	0.82		0.86	0.56	0.78	TCTZX
JLMOX	0.97	0.62	0.95	0.86		0.59	0.94	JLMOX
SAMAX	0.45	0.94	0.76	0.56	0.59		0.47	SAMAX
RERPX	0.96	0.51	0.88	0.78	0.94	0.47		RERPX
	TDIFX	SCGCX	CMACX	TCTZX	JLMOX	SAMAX	RERPX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Income 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 Income'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
TDIFX	0.16	0.00	(0.51)	0.12	0.15	(0.18)	0.35	(0.26)	0.95
SCGCX	0.42	(0.02)	(0.11)	0.09	0.48	(0.46)	0.87	(0.71)	2.67
CMACX	0.35	0.01	(0.22)	0.51	0.43	(0.36)	0.72	(0.71)	2.02
TCTZX	0.25	(0.02)	(0.29)	0.04	0.28	(0.27)	0.60	(0.60)	1.33
JLMOX	0.25	0.00	(0.34)	0.12	0.28	(0.27)	0.55	(0.63)	1.35
SAMAX	0.42	0.06	(0.10)	0.75	0.44	(0.47)	0.85	(0.83)	2.62
RERPX	0.26	0.00	(0.30)	0.30	0.31	(0.29)	0.55	(0.62)	1.57

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Franklin Income Correlations

Franklin Income Correlation With Market

Very weak diversification

Moving together with Franklin Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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