Franklin Growth Correlations

Mutual Funds . USA . 
Fund . Franklin Growth Allocation
FGTRX Fund  USD 20.46  0.12  0.59%   
The current 90-days correlation between Franklin Growth Allo and Franklin Moderate Allocation is 0.98 (i.e., Almost no diversification). The correlation of Franklin Growth 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 Growth Correlation With Market

Significant diversification

The correlation between Franklin Growth Allocation and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Growth Allocation 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 Growth Allocation. 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

  0.63TEGRX Templeton GrowthPairCorr
  0.64TEMGX Templeton Global SmallerPairCorr
  0.68TEMWX Templeton WorldPairCorr
  0.72TEMQX Mutual QuestPairCorr
  0.67FQCTX Franklin Necticut TaxPairCorr
  0.64FQCHX Franklin Templeton SmacsPairCorr
  0.72TEQIX Franklin Mutual QuestPairCorr
  0.64TEPLX Templeton GrowthPairCorr
  0.68TWDAX Templeton WorldPairCorr
  0.62TESGX Templeton Global SmallerPairCorr
  0.7LGGAX Clearbridge InternationalPairCorr
  0.65FQLAX Franklin Louisiana TaxPairCorr
  0.65TEWTX Templeton WorldPairCorr
  0.68FQNCX Franklin North CarolinaPairCorr
  0.66FQMDX Franklin Maryland TaxPairCorr
  0.76WAARX 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 Growth 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 Growth'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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