Franklin FTSE Correlations

FLMX Etf  USD 23.97  0.49  2.00%   
The current 90-days correlation between Franklin FTSE Mexico and Franklin FTSE Brazil is 0.4 (i.e., Very weak 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

Average diversification

The correlation between Franklin FTSE Mexico and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin FTSE Mexico 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 Mexico. 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.

Moving together with Franklin Etf

  0.69EWU iShares MSCI UnitedPairCorr
  0.69EWY iShares MSCI SouthPairCorr
  0.67EWA iShares MSCI AustraliaPairCorr
  0.76EWL iShares MSCI SwitzerlandPairCorr
  0.97EWW iShares MSCI MexicoPairCorr
  0.63URNM Sprott Uranium MinersPairCorr
  0.61KO Coca Cola Earnings Call This WeekPairCorr
  0.76DD Dupont De Nemours Earnings Call This WeekPairCorr

Moving against Franklin Etf

  0.57GBTC Grayscale Bitcoin TrustPairCorr
  0.51FNGS MicroSectors FANG ETNPairCorr
  0.47FNGO MicroSectors FANG IndexPairCorr
  0.44FNGU MicroSectors FANG IndexPairCorr
  0.44GRN iPath Series BPairCorr
  0.52BA BoeingPairCorr
  0.49AXP American ExpressPairCorr
  0.36JPM JPMorgan ChasePairCorr
  0.33BAC Bank of AmericaPairCorr

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   
FLLAFLBR
FLAUFLBR
FLLAFLAU
FLAUFLIN
FLINFLBR
FLLAFLIN
  
High negative correlations   
FLINFLIY
FLAUFLIY
FLIYFLBR
FLLAFLIY

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.