Franklin Income Correlations

Mutual Funds . USA . 
Fund . Franklin Income Fund
FCISX Fund  USD 2.43  0.01  0.41%   
The current 90-days correlation between Franklin Income and Credit Suisse Multialternative is 0.21 (i.e., Modest 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

Significant diversification

The correlation between Franklin Income Fund and DJI is 0.04 (i.e., Significant 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

  0.92TEBIX Franklin Mutual BeaconPairCorr
  0.66TEDMX Templeton DevelopingPairCorr
  0.87TEDIX Franklin Mutual GlobalPairCorr
  0.87TEDSX Franklin Mutual GlobalPairCorr
  0.87TEDRX Franklin Mutual GlobalPairCorr
  0.74TEFRX Templeton ForeignPairCorr
  0.75TEFTX Templeton ForeignPairCorr
  0.83TEGBX Templeton Global BondPairCorr
  0.92TEGRX Templeton GrowthPairCorr
  0.74TEMFX Templeton ForeignPairCorr
  0.89TEMGX Templeton Global SmallerPairCorr
  0.91TEMEX Franklin Mutual BeaconPairCorr
  0.61TEMIX Franklin Mutual EuropeanPairCorr
  0.83TEMWX Templeton WorldPairCorr
  0.87TEMTX Franklin Mutual SharesPairCorr
  0.79TEMQX Mutual QuestPairCorr
  0.63FQCTX Franklin Necticut TaxPairCorr
  0.84SAIFX Clearbridge Large CapPairCorr
  0.85SAGYX Clearbridge AggressivePairCorr
  0.76TEQIX Franklin Mutual QuestPairCorr
  0.92TEPLX Templeton GrowthPairCorr
  0.83TWDAX Templeton WorldPairCorr
  0.87TESIX Franklin Mutual SharesPairCorr
  0.89TESGX Templeton Global SmallerPairCorr
  0.87TESRX Franklin Mutual SharesPairCorr
  0.64LGGAX Clearbridge InternationalPairCorr
  0.63TEURX Franklin Mutual EuropeanPairCorr
  0.87LGIEX Qs International EquityPairCorr
  0.63FQLAX Franklin Louisiana TaxPairCorr
  0.83TEWTX Templeton WorldPairCorr
  0.86SAPYX Clearbridge AppreciationPairCorr
  0.87SASMX Clearbridge Small CapPairCorr
  0.67FQNCX Franklin North CarolinaPairCorr
  0.62FQMDX Franklin Maryland TaxPairCorr

Moving against Franklin Mutual Fund

  0.67WAADX Western Asset SmashPairCorr
  0.42SBAYX Western Asset AdjustablePairCorr

Related Correlations Analysis

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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.

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