Franklin Lifesmart Correlations

Mutual Funds . USA . 
Fund . Franklin Lifesmart 2055
FLSBX Fund  USD 14.35  0.10  0.70%   
The current 90-days correlation between Franklin Lifesmart 2055 and Vy Goldman Sachs is -0.14 (i.e., Good 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 2055 and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Lifesmart 2055 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 2055. 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 bureau of labor statistics.

Moving together with Franklin Mutual Fund

  0.67TEBIX Franklin Mutual BeaconPairCorr
  0.64TEDMX Templeton DevelopingPairCorr
  0.79TEGRX Templeton GrowthPairCorr
  0.65TEMEX Franklin Mutual BeaconPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.76TEMTX Franklin Mutual SharesPairCorr
  0.74TEMQX Mutual QuestPairCorr
  0.74SAIFX Clearbridge Large CapPairCorr
  0.88SAGYX Clearbridge AggressivePairCorr
  0.76TEQIX Franklin Mutual QuestPairCorr
  0.8TEPLX Templeton GrowthPairCorr
  0.97TWDAX Templeton WorldPairCorr
  0.76TESIX Franklin Mutual SharesPairCorr
  0.76TESRX Franklin Mutual SharesPairCorr
  0.97TEWTX Templeton WorldPairCorr
  0.85SAPYX Clearbridge AppreciationPairCorr
  0.76SASMX Clearbridge Small CapPairCorr
  0.81WAADX Western Asset SmashPairCorr

Moving against Franklin Mutual Fund

  0.43TEGBX Templeton Global BondPairCorr
  0.52WABAX Western Asset EPairCorr
  0.51WACPX Western Asset EPairCorr
  0.35WAFAX Western Asset InflationPairCorr

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   
AGGWX
+ 0.99
SGDLX
USERX
+ 0.99
EPGFX
EPGFX
+ 0.98
IOGYX
USERX
+ 0.98
IOGYX
IOGYX
+ 0.94
SGDLX
EPGFX
+ 0.94
SGDLX
  
High negative correlations   
SGDLX
- 0.21
VGSBX
IOGYX
- 0.18
VGSBX
EPGFX
- 0.17
VGSBX
AGGWX
- 0.16
VGSBX
USERX
- 0.11
VGSBX
GEBRX
- 0.1
VGSBX

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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