Franklin Liberty Correlations
| FLLVDelisted Etf | USD 55.91 0.37 0.67% |
The current 90-days correlation between Franklin Liberty Low and Franklin Liberty Short is -0.02 (i.e., Good diversification). The correlation of Franklin Liberty 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 Liberty Correlation With Market
Average diversification
The correlation between Franklin Liberty Low and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Liberty Low and DJI in the same portfolio, assuming nothing else is changed.
Franklin |
Moving together with Franklin Etf
| 0.82 | VTI | Vanguard Total Stock | PairCorr |
| 0.8 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.8 | IVV | iShares Core SP | PairCorr |
| 0.74 | VIG | Vanguard Dividend | PairCorr |
| 0.81 | VV | Vanguard Large Cap | PairCorr |
| 0.79 | RSP | Invesco SP 500 | PairCorr |
| 0.82 | IWB | iShares Russell 1000 | PairCorr |
| 0.81 | ESGU | iShares ESG Aware | PairCorr |
| 0.8 | DFAC | Dimensional Core Equity | PairCorr |
| 0.8 | SPLG | SPDR Portfolio SP | PairCorr |
| 0.65 | NVDL | GraniteShares 15x Long | PairCorr |
| 0.65 | NVDX | T Rex 2X | PairCorr |
| 0.65 | NVDU | Direxion Daily NVDA | PairCorr |
| 0.82 | CRPT | First Trust SkyBridge | PairCorr |
| 0.81 | BITX | Volatility Shares Trust | PairCorr |
| 0.75 | CONL | GraniteShares ETF Trust | PairCorr |
| 0.83 | DAPP | VanEck Digital Trans | PairCorr |
| 0.79 | DPST | Direxion Daily Regional | PairCorr |
| 0.8 | WGMI | Valkyrie Bitcoin Miners | PairCorr |
| 0.81 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.79 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.76 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.65 | HD | Home Depot | PairCorr |
| 0.72 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.83 | WMT | Walmart Aggressive Push | PairCorr |
| 0.68 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.82 | DIS | Walt Disney Sell-off Trend | PairCorr |
Moving against Franklin Etf
| 0.74 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.72 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.64 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.61 | 0.34 | 0.46 | 0.62 | FTSD | ||
| 0.61 | 0.72 | 0.61 | 0.93 | FLQL | ||
| 0.34 | 0.72 | 0.06 | 0.76 | EWMC | ||
| 0.46 | 0.61 | 0.06 | 0.51 | HSCZ | ||
| 0.62 | 0.93 | 0.76 | 0.51 | FLQM | ||
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Franklin Liberty Constituents Risk-Adjusted Indicators
There is a big difference between Franklin Etf performing well and Franklin Liberty 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 Liberty'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTSD | 0.05 | 0.01 | (1.55) | (0.30) | 0.00 | 0.12 | 0.32 | |||
| FLQL | 0.59 | (0.02) | (0.04) | 0.09 | 0.74 | 1.30 | 3.81 | |||
| EWMC | 0.84 | 0.12 | 0.01 | (11.52) | 0.72 | 1.66 | 4.46 | |||
| HSCZ | 0.52 | (0.06) | (0.16) | 0.00 | 0.70 | 1.42 | 3.60 | |||
| FLQM | 0.59 | 0.01 | (0.01) | 0.12 | 0.54 | 1.36 | 3.47 |
Delisting Warning - FLLV
Franklin Liberty Low was delisted
| The entity Franklin Liberty Low with a symbol FLLV was delisted from NYSE ARCA Exchange. Please try Franklin Income Equity with a symbol INCE from now on. Check all delisted instruments accross multiple markets. |
Still Interested in Franklin Liberty Low?
Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.