Franklin FTSE Correlations

FLJP Etf

USD 28.21 0.13 0.46%

The current 90-days correlation between Franklin FTSE Japan and JPMorgan BetaBuilders Japan is 0.95 (i.e., Almost no diversification). The correlation of Franklin FTSE 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 FTSE Correlation With Market

Weak diversification

The correlation between Franklin FTSE Japan and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin FTSE Japan 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 Japan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Franklin Etf

1.0	EWJ	iShares MSCI Japan	Pair Corr
1.0	BBJP	JPMorgan BetaBuilders	Pair Corr
0.93	DFJ	WisdomTree Japan SmallCap	Pair Corr
0.93	EWJV	iShares MSCI Japan	Pair Corr
0.98	SCJ	iShares MSCI Japan	Pair Corr
0.86	JPXN	iShares JPX Nikkei	Pair Corr
0.65	T	ATT Inc Earnings Call Tomorrow	Pair Corr

Moving against Franklin Etf

0.39

PFE

Pfizer Inc Earnings Call This Week

Pair Corr

Related Correlations Analysis

	BBJP	FLKR	FLGB	FLCH	FLBR
BBJP		-0.04	0.63	0.31	0.12	BBJP
FLKR	-0.04		0.55	0.48	0.85	FLKR
FLGB	0.63	0.55		0.59	0.54	FLGB
FLCH	0.31	0.48	0.59		0.58	FLCH
FLBR	0.12	0.85	0.54	0.58		FLBR
	BBJP	FLKR	FLGB	FLCH	FLBR

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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

FLBR	+ 0.85	FLKR
FLGB	+ 0.63	BBJP
FLCH	+ 0.59	FLGB
FLBR	+ 0.58	FLCH
FLGB	+ 0.55	FLKR
FLBR	+ 0.54	FLGB

High negative correlations

FLKR

- 0.04

BBJP

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
BBJP	0.66	0.00	(0.01)	0.03	0.88	(0.70)	1.40	(1.22)	5.17
FLKR	1.05	(0.11)	0.00	(1.05)	0.00	0.00	2.60	(2.51)	5.56
FLGB	0.57	(0.05)	0.00	(0.15)	0.00	0.00	0.98	(1.18)	3.28
FLCH	1.22	(0.10)	0.00	1.32	0.00	0.00	2.25	(2.49)	12.17
FLBR	1.29	(0.20)	0.00	(0.41)	0.00	0.00	2.46	(2.97)	8.95

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