Franklin FTSE Correlations

FLHK Etf  USD 17.50  0.11  0.62%   
The current 90-days correlation between Franklin FTSE Hong and Franklin FTSE China is 0.93 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin FTSE Hong moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin FTSE Correlation With Market

Average diversification

The correlation between Franklin FTSE Hong and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin FTSE Hong 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 FTSE Hong. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Franklin Etf

  0.98KWEB KraneShares CSI China Sell-off TrendPairCorr
  0.97FXI iShares China LargePairCorr
  0.92ASHR Xtrackers Harvest CSIPairCorr
  0.97GXC SPDR SP ChinaPairCorr
  0.91CQQQ Invesco China TechnologyPairCorr
  0.97CXSE WisdomTree ChinaPairCorr
  1.0EWH iShares MSCI HongPairCorr
  0.95KBA KraneShares Bosera MSCIPairCorr
  0.91CNYA iShares MSCI ChinaPairCorr
  0.63GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.64MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.68XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.73HD Home DepotPairCorr
  0.8CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.81DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr

Moving against Franklin Etf

  0.82HUM Humana Inc Fiscal Year End 23rd of January 2025 PairCorr
  0.43BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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FLTWFLCH
FLGRFLJP
FLAUFLJP
FLAUFLCH
FLGRFLCH
  
High negative correlations   
FLJPFLTW
FLJPFLCH

Franklin FTSE Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin FTSE ETF 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 FTSE'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.