Franklin Income Correlations

Mutual Funds . USA . 
Fund . Franklin Income Fund
FKINX Fund  USD 2.44  0.01  0.41%   
The current 90-days correlation between Franklin Income and Alternative Asset Allocation is 0.07 (i.e., Significant 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 0.43 (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 board of governors.

Moving together with Franklin Mutual Fund

  0.64TEDMX Templeton DevelopingPairCorr
  0.67TEDIX Franklin Mutual GlobalPairCorr
  0.64TEDSX Franklin Mutual GlobalPairCorr
  0.66TEDRX Franklin Mutual GlobalPairCorr
  0.68TEGRX Templeton GrowthPairCorr
  0.62TEMGX Templeton Global SmallerPairCorr
  0.71TEMWX Templeton WorldPairCorr
  0.78TEMQX Mutual QuestPairCorr
  0.78TEQIX Franklin Mutual QuestPairCorr
  0.69TEPLX Templeton GrowthPairCorr
  0.71TWDAX Templeton WorldPairCorr
  0.72TEWTX Templeton WorldPairCorr

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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