Franklin Lifesmart Correlations

FLRZX Fund

USD 14.37 0.02 0.14%

The current 90-days correlation between Franklin Lifesmart 2030 and Quantitative Longshort Equity is 0.36 (i.e., Weak 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

Poor diversification

The correlation between Franklin Lifesmart 2030 and DJI is 0.72 (i.e., Poor 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 nation.

Moving together with Franklin Mutual Fund

0.74	TEDMX	Templeton Developing	Pair Corr
0.64	TEDIX	Franklin Mutual Global	Pair Corr
0.62	TEDRX	Franklin Mutual Global	Pair Corr
0.81	TEGRX	Templeton Growth	Pair Corr
0.65	TEMGX	Templeton Global Smaller	Pair Corr
0.9	TEMWX	Templeton World	Pair Corr
0.62	TEMTX	Franklin Mutual Shares	Pair Corr
0.8	TEMQX	Mutual Quest	Pair Corr
0.72	SAGYX	Clearbridge Aggressive	Pair Corr
0.68	FQEMX	Franklin Templeton Smacs	Pair Corr
0.81	TEQIX	Franklin Mutual Quest	Pair Corr
0.81	TEPLX	Templeton Growth	Pair Corr
0.9	TWDAX	Templeton World	Pair Corr
0.63	TESGX	Templeton Global Smaller	Pair Corr
0.62	TESRX	Franklin Mutual Shares	Pair Corr
0.91	TEWTX	Templeton World	Pair Corr
0.71	SAPYX	Clearbridge Appreciation	Pair Corr
0.61	SASMX	Clearbridge Small Cap	Pair Corr
0.73	WAADX	Western Asset Smash	Pair Corr

Related Correlations Analysis

	GTLSX	PRMDX	TSDCX	ASTIX	LCSAX	FSHIX	BXDCX
GTLSX		0.18	0.7	0.81	-0.68	-0.11	0.36	GTLSX
PRMDX	0.18		0.4	0.22	0.04	0.84	0.68	PRMDX
TSDCX	0.7	0.4		0.76	-0.81	0.12	0.76	TSDCX
ASTIX	0.81	0.22	0.76		-0.75	-0.04	0.55	ASTIX
LCSAX	-0.68	0.04	-0.81	-0.75		0.34	-0.4	LCSAX
FSHIX	-0.11	0.84	0.12	-0.04	0.34		0.56	FSHIX
BXDCX	0.36	0.68	0.76	0.55	-0.4	0.56		BXDCX
	GTLSX	PRMDX	TSDCX	ASTIX	LCSAX	FSHIX	BXDCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FSHIX	+ 0.84	PRMDX
ASTIX	+ 0.81	GTLSX
ASTIX	+ 0.76	TSDCX
BXDCX	+ 0.76	TSDCX
TSDCX	+ 0.7	GTLSX
BXDCX	+ 0.68	PRMDX

High negative correlations

LCSAX	- 0.81	TSDCX
LCSAX	- 0.75	ASTIX
LCSAX	- 0.68	GTLSX
BXDCX	- 0.4	LCSAX
FSHIX	- 0.11	GTLSX
FSHIX	- 0.04	ASTIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GTLSX	0.31	0.01	(0.17)	0.15	0.22	(0.36)	0.71	(0.50)	2.57
PRMDX	0.06	0.00	(0.46)	(0.09)	0.00	(0.20)	0.20	(0.19)	0.59
TSDCX	0.06	0.01	(0.96)	(0.60)	0.00	(0.16)	0.11	(0.11)	0.55
ASTIX	0.28	0.05	(0.17)	1.68	0.26	(0.32)	0.57	(0.64)	1.79
LCSAX	0.25	(0.07)	0.00	(3.29)	0.00	0.00	0.33	(0.54)	1.69
FSHIX	0.07	0.00	(0.56)	0.06	0.05	(0.14)	0.20	(0.20)	0.80
BXDCX	0.09	0.01	(0.83)	(0.50)	0.00	(0.16)	0.22	(0.11)	0.65

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC