| FLMB Etf | | | USD 24.14 0.01 0.04% |
The current 90-days correlation between Franklin Liberty Federal and Franklin Liberty Intermediate is 0.66 (i.e., Poor 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.
Franklin Liberty Correlation With Market
Very good diversification
The correlation between Franklin Liberty Federal and DJI is -0.4 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Liberty Federal and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Liberty Federal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in population.