Franklin Correlations
| FMFXX Fund | USD 1.00 0.00 0.00% |
The correlation of Franklin 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.
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Risk-Adjusted Indicators
There is a big difference between Franklin Money Market Fund performing well and Franklin Money Market 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VAADX | 0.58 | 0.08 | 0.07 | 0.85 | 0.62 | 1.19 | 4.02 | |||
| GCV | 1.00 | 0.09 | 0.06 | 0.23 | 1.21 | 1.89 | 5.96 | |||
| PCNTX | 0.49 | 0.05 | 0.04 | 0.51 | 0.56 | 1.05 | 3.52 | |||
| NCIDX | 0.48 | 0.07 | 0.07 | 0.80 | 0.53 | 1.03 | 3.30 | |||
| PBXIX | 0.39 | 0.00 | (0.04) | 0.02 | 0.54 | 0.81 | 3.28 |