Franklin Mutual Correlations

FMBRX Fund

USD 17.78 0.07 0.40%

The current 90-days correlation between Franklin Mutual Beacon and Growth Opportunities Fund is 0.5 (i.e., Very weak diversification). The correlation of Franklin Mutual 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 Mutual Correlation With Market

Very poor diversification

The correlation between Franklin Mutual Beacon and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Beacon 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 Mutual Beacon. 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

1.0	TEBIX	Franklin Mutual Beacon	Pair Corr
0.61	TEDIX	Franklin Mutual Global	Pair Corr
0.69	TEGRX	Templeton Growth	Pair Corr
1.0	TEMEX	Franklin Mutual Beacon	Pair Corr
0.69	TEMWX	Templeton World	Pair Corr
0.85	TEMTX	Franklin Mutual Shares	Pair Corr
0.9	TEMQX	Mutual Quest	Pair Corr
0.72	SAIFX	Clearbridge Large Cap	Pair Corr
0.71	SAGYX	Clearbridge Aggressive	Pair Corr
0.9	TEQIX	Franklin Mutual Quest	Pair Corr
0.69	TEPLX	Templeton Growth	Pair Corr
0.7	TWDAX	Templeton World	Pair Corr
0.85	TESIX	Franklin Mutual Shares	Pair Corr
0.85	TESRX	Franklin Mutual Shares	Pair Corr
0.69	TEWTX	Templeton World	Pair Corr
0.75	SAPYX	Clearbridge Appreciation	Pair Corr
0.76	SASMX	Clearbridge Small Cap	Pair Corr

Moving against Franklin Mutual Fund

0.36	TEGBX	Templeton Global Bond	Pair Corr
0.36	WABAX	Western Asset E	Pair Corr

Related Correlations Analysis

	TGVVX	VGIAX	NMFAX	TVOYX	QUAIX	QLMSTX	KSCYX	LGLSX
TGVVX		0.99	0.98	0.93	0.94	0.94	0.93	0.96	TGVVX
VGIAX	0.99		0.99	0.93	0.94	0.94	0.92	0.95	VGIAX
NMFAX	0.98	0.99		0.92	0.95	0.94	0.88	0.93	NMFAX
TVOYX	0.93	0.93	0.92		0.92	0.99	0.93	0.93	TVOYX
QUAIX	0.94	0.94	0.95	0.92		0.93	0.88	0.94	QUAIX
QLMSTX	0.94	0.94	0.94	0.99	0.93		0.94	0.93	QLMSTX
KSCYX	0.93	0.92	0.88	0.93	0.88	0.94		0.96	KSCYX
LGLSX	0.96	0.95	0.93	0.93	0.94	0.93	0.96		LGLSX
	TGVVX	VGIAX	NMFAX	TVOYX	QUAIX	QLMSTX	KSCYX	LGLSX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Mutual 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 Mutual'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
TGVVX	0.71	0.02	0.01	0.15	1.01	(0.67)	1.47	(1.84)	4.86
VGIAX	0.57	0.01	(0.01)	0.14	0.68	(0.61)	1.25	(1.44)	4.06
NMFAX	0.55	0.00	(0.04)	0.12	0.65	(0.62)	1.13	(1.30)	3.64
TVOYX	0.79	(0.02)	0.02	0.11	0.67	(0.94)	1.70	(1.42)	6.73
QUAIX	0.94	0.16	0.04	0.86	1.03	(1.00)	1.92	(2.14)	6.76
QLMSTX	0.86	0.01	0.05	0.14	0.91	(0.92)	1.93	(1.65)	6.85
KSCYX	1.31	0.50	0.28	0.60	1.17	(1.50)	3.29	(2.03)	13.94
LGLSX	0.91	0.23	0.08	2.78	1.07	(0.94)	2.65	(1.69)	5.57

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