Franklin Founding Correlations
| FFAAX Fund | USD 16.25 0.04 0.25% |
The current 90-days correlation between Franklin Founding Funds and Gamco Global Gold is 0.18 (i.e., Average diversification). The correlation of Franklin Founding 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 Founding Correlation With Market
Average diversification
The correlation between Franklin Founding Funds and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Founding Funds and DJI in the same portfolio, assuming nothing else is changed.
Franklin |
Moving against Franklin Mutual Fund
| 0.5 | UIPIX | Ultrashort Mid Cap Steady Growth | PairCorr |
| 0.43 | USPSX | Profunds Ultrashort | PairCorr |
| 0.43 | USPIX | Profunds Ultrashort | PairCorr |
| 0.42 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.88 | 0.8 | 0.9 | 0.82 | 0.88 | 0.83 | XGGNX | ||
| 0.88 | 0.97 | 0.93 | 0.97 | 0.97 | 0.95 | USERX | ||
| 0.8 | 0.97 | 0.93 | 0.99 | 0.97 | 0.95 | INIVX | ||
| 0.9 | 0.93 | 0.93 | 0.92 | 0.93 | 0.91 | AGGWX | ||
| 0.82 | 0.97 | 0.99 | 0.92 | 0.98 | 0.94 | SGDLX | ||
| 0.88 | 0.97 | 0.97 | 0.93 | 0.98 | 0.93 | OGMCX | ||
| 0.83 | 0.95 | 0.95 | 0.91 | 0.94 | 0.93 | EPGFX | ||
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Risk-Adjusted Indicators
There is a big difference between Franklin Mutual Fund performing well and Franklin Founding 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 Founding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XGGNX | 0.55 | 0.01 | (0.10) | 0.19 | 0.60 | 1.21 | 3.86 | |||
| USERX | 1.38 | 0.14 | 0.01 | (1.55) | 1.62 | 3.05 | 10.13 | |||
| INIVX | 1.33 | 0.13 | 0.01 | (1.77) | 1.61 | 2.66 | 9.92 | |||
| AGGWX | 1.43 | 0.10 | 0.01 | 0.47 | 1.72 | 2.93 | 9.49 | |||
| SGDLX | 1.32 | 0.16 | 0.02 | (0.97) | 1.48 | 2.78 | 9.03 | |||
| OGMCX | 1.38 | 0.16 | 0.03 | 1.81 | 1.42 | 2.67 | 8.66 | |||
| EPGFX | 1.55 | (0.05) | 0.00 | (0.22) | 0.00 | 2.54 | 10.62 |