Franklin FTSE Correlations

FLLA Etf  USD 19.63  0.14  0.71%   
The current 90-days correlation between Franklin FTSE Latin and Franklin FTSE Mexico is 0.76 (i.e., Poor 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.

Franklin FTSE Correlation With Market

FranklinDowDiversified AwayFranklinDowDiversified Away100%

Weak diversification

The correlation between Franklin FTSE Latin 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 Latin 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 Latin. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Franklin Etf

  0.98EWZ iShares MSCI Brazil Sell-off TrendPairCorr
  0.98ILF iShares Latin AmericaPairCorr
  0.99FLBR Franklin FTSE BrazilPairCorr
  0.97EWZS iShares MSCI BrazilPairCorr
  0.98BRF VanEck Brazil SmallPairCorr
  0.97FBZ First Trust BrazilPairCorr
  0.68HART IQ Healthy HeartsPairCorr
  0.95GDXU MicroSectors Gold MinersPairCorr
  0.87GE GE AerospacePairCorr
  0.67CSCO Cisco SystemsPairCorr
  0.83MMM 3M CompanyPairCorr
  0.72VZ Verizon CommunicationsPairCorr
  0.85T ATT Inc Earnings Call TodayPairCorr
  0.67MCD McDonaldsPairCorr
  0.73CVX Chevron Corp Sell-off TrendPairCorr

Moving against Franklin Etf

  0.56PRME Prime Medicine, CommonPairCorr
  0.45CAT CaterpillarPairCorr
  0.36VBK Vanguard Small CapPairCorr
  0.69MRK Merck CompanyPairCorr
  0.63MSFT MicrosoftPairCorr
  0.49AA Alcoa CorpPairCorr
  0.44DIS Walt DisneyPairCorr

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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High negative correlations   
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FLINFLBR
FLINFLMX
FLNFLTW
FLTWFLBR
FLTWFLMX

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.