Franklin Lifesmart Correlations

Mutual Funds . USA . 
Fund . Franklin Lifesmart 2030
FLRSX Fund  USD 14.22  0.06  0.42%   
The current 90-days correlation between Franklin Lifesmart 2030 and Davenport Small Cap is 0.64 (i.e., Poor diversification). The correlation of Franklin Lifesmart 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 Lifesmart Correlation With Market

Very weak diversification

The correlation between Franklin Lifesmart 2030 and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Lifesmart 2030 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 Lifesmart 2030. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Franklin Mutual Fund

  0.64TEBIX Franklin Mutual BeaconPairCorr
  0.79TEGRX Templeton GrowthPairCorr
  0.73TEMGX Templeton Global SmallerPairCorr
  0.63TEMEX Franklin Mutual BeaconPairCorr
  0.64TEMIX Franklin Mutual EuropeanPairCorr
  0.7TEMWX Templeton WorldPairCorr
  0.86TEMQX Mutual QuestPairCorr
  0.65FQCTX Franklin Necticut TaxPairCorr
  0.61FQCHX Franklin Templeton SmacsPairCorr
  0.86TEQIX Franklin Mutual QuestPairCorr
  0.8TEPLX Templeton GrowthPairCorr
  0.7TWDAX Templeton WorldPairCorr
  0.71TESGX Templeton Global SmallerPairCorr
  0.84LGGAX Clearbridge InternationalPairCorr
  0.64TEURX Franklin Mutual EuropeanPairCorr
  0.67LGIEX Qs International EquityPairCorr
  0.67TEWTX Templeton WorldPairCorr
  0.61SAPYX Clearbridge AppreciationPairCorr
  0.72SASMX Clearbridge Small CapPairCorr
  0.67FQNCX Franklin North CarolinaPairCorr
  0.64FQMDX Franklin Maryland TaxPairCorr
  0.82WAARX Western Asset TotalPairCorr

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   
RTOUX
+ 0.96
DSCPX
JPDVX
+ 0.94
MBLAX
MBLAX
+ 0.86
RTOUX
MBLAX
+ 0.85
DSCPX
JPDVX
+ 0.83
RTOUX
JPDVX
+ 0.82
DSCPX
  
High negative correlations   
QDARX
- 0.51
DSCPX
QDARX
- 0.41
RTOUX
JPDVX
- 0.39
QDARX
MBLAX
- 0.31
QDARX
QDARX
- 0.31
PDAAX

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Lifesmart Mutual Fund 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 Lifesmart'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.

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