Franklin Lifesmart Correlations

Mutual Funds . USA . 
Fund . Franklin Lifesmart 2055
FLTNX Fund  USD 13.94  0.01  0.07%   
The current 90-days correlation between Franklin Lifesmart 2055 and Huber Capital Diversified is 0.06 (i.e., Significant 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 board of governors.

Moving together with Franklin Mutual Fund

  0.65TEBIX Franklin Mutual BeaconPairCorr
  0.68TEDMX Templeton DevelopingPairCorr
  0.79TEGRX Templeton GrowthPairCorr
  0.63TEMEX Franklin Mutual BeaconPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.75TEMTX Franklin Mutual SharesPairCorr
  0.74TEMQX Mutual QuestPairCorr
  0.77SAIFX Clearbridge Large CapPairCorr
  0.86SAGYX Clearbridge AggressivePairCorr
  0.76TEQIX Franklin Mutual QuestPairCorr
  0.8TEPLX Templeton GrowthPairCorr
  0.97TWDAX Templeton WorldPairCorr
  0.75TESIX Franklin Mutual SharesPairCorr
  0.75TESRX Franklin Mutual SharesPairCorr
  0.97TEWTX Templeton WorldPairCorr
  0.84SAPYX Clearbridge AppreciationPairCorr
  0.79SASMX Clearbridge Small CapPairCorr
  0.8WAADX Western Asset SmashPairCorr

Moving against Franklin Mutual Fund

  0.4TEGBX Templeton Global BondPairCorr
  0.5WABAX Western Asset EPairCorr
  0.46WACPX Western Asset EPairCorr
  0.33WAFAX 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   
DSCPX
+ 0.99
TRHBX
DSCPX
+ 0.93
SIGWX
ADX
+ 0.93
TRHBX
TRHBX
+ 0.92
SIGWX
SIGWX
+ 0.91
HUDEX
DSCPX
+ 0.9
ADX
  
High negative correlations   
ADX
- 0.66
MDBLX
TBDQX
- 0.58
MDBLX
MDBLX
- 0.57
HUDEX
MDBLX
- 0.5
TRHBX
DSCPX
- 0.48
MDBLX
MDBLX
- 0.45
SIGWX

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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