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.
Franklin |
Moving together with Franklin Etf
0.98 | KWEB | KraneShares CSI China Sell-off Trend | PairCorr |
0.97 | FXI | iShares China Large | PairCorr |
0.92 | ASHR | Xtrackers Harvest CSI | PairCorr |
0.97 | GXC | SPDR SP China | PairCorr |
0.91 | CQQQ | Invesco China Technology | PairCorr |
0.97 | CXSE | WisdomTree China | PairCorr |
1.0 | EWH | iShares MSCI Hong | PairCorr |
0.95 | KBA | KraneShares Bosera MSCI | PairCorr |
0.91 | CNYA | iShares MSCI China | PairCorr |
0.63 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
0.64 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
0.68 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.73 | HD | Home Depot | PairCorr |
0.8 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.81 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Moving against Franklin Etf
0.82 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
0.43 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
0.62 | -0.08 | 0.4 | 0.41 | FLCH | ||
0.62 | -0.16 | 0.36 | 0.31 | FLTW | ||
-0.08 | -0.16 | 0.6 | 0.57 | FLJP | ||
0.4 | 0.36 | 0.6 | 0.74 | FLGR | ||
0.41 | 0.31 | 0.57 | 0.74 | FLAU | ||
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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
| High negative correlations
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FLCH | 1.92 | 0.16 | 0.02 | 0.90 | 2.60 | 5.14 | 19.99 | |||
FLTW | 1.06 | (0.07) | (0.09) | (0.01) | 1.37 | 2.50 | 5.50 | |||
FLJP | 0.79 | (0.16) | 0.00 | (0.12) | 0.00 | 1.63 | 5.30 | |||
FLGR | 0.70 | (0.07) | 0.00 | (0.13) | 0.00 | 1.09 | 4.70 | |||
FLAU | 0.72 | (0.04) | (0.11) | 0.03 | 0.90 | 2.02 | 5.16 |