Franklin Founding Correlations

Mutual Funds . USA . 
Fund . Franklin Founding Funds
FFAAX Fund  USD 16.09  0.01  0.06%   
The current 90-days correlation between Franklin Founding Funds and Franklin Mutual Beacon is 0.17 (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

Significant diversification

The correlation between Franklin Founding Funds and DJI is 0.06 (i.e., Significant 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Founding Funds. 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

  0.61TEMQX Mutual QuestPairCorr
  0.62FQCTX Franklin Necticut TaxPairCorr
  0.67FQCHX Franklin Templeton SmacsPairCorr
  0.62TEQIX Franklin Mutual QuestPairCorr
  0.71LGGAX Clearbridge InternationalPairCorr
  0.61FQLAX Franklin Louisiana TaxPairCorr
  0.61FQNCX Franklin North CarolinaPairCorr
  0.61FQMDX Franklin Maryland TaxPairCorr
  0.89WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEBIX  0.56 (0.06) 0.00 (0.11) 0.00 
 0.00 
 1.04 
(1.17)
 4.90 
TEDMX  0.67 (0.08) 0.00 (0.13) 0.00 
 0.00 
 1.46 
(1.59)
 3.87 
TEDIX  0.59 (0.12) 0.00 (0.35) 0.00 
 0.00 
 0.86 
(1.34)
 8.71 
TEDSX  0.59 (0.12) 0.00 (0.35) 0.00 
 0.00 
 0.84 
(1.36)
 8.55 
TEDRX  0.60 (0.12) 0.00 (0.36) 0.00 
 0.00 
 0.87 
(1.37)
 8.80 
TEFRX  0.68 (0.08) 0.00 (0.16) 0.00 
 0.00 
 1.32 
(1.74)
 4.40 
TEFTX  0.69 (0.09) 0.00 (0.17) 0.00 
 0.00 
 1.41 
(1.82)
 4.27 
TEGBX  0.43 (0.09) 0.00 (0.40) 0.00 
 0.00 
 0.88 
(1.01)
 3.24 
TEGRX  0.56 (0.05) 0.00 (0.06) 0.00 
 0.00 
 1.06 
(1.45)
 3.98 
TEMFX  0.68 (0.08) 0.00 (0.15) 0.00 
 0.00 
 1.42 
(1.70)
 4.29 

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