Franklin New Correlations

Mutual Funds USA . 
Fund . Franklin New York
FNYQX Fund  USD 9.97  0.03  0.30%   
The current 90-days correlation between Franklin New York and Wisdomtree Siegel Global is 0.02 (i.e., Significant diversification). The correlation of Franklin New 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios. 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 producer price index.

Moving together with Franklin Mutual Fund

  0.81TEBIX Franklin Mutual BeaconPairCorr
  0.8TEDIX Franklin Mutual GlobalPairCorr
  0.81TEDSX Franklin Mutual GlobalPairCorr
  0.81TEDRX Franklin Mutual GlobalPairCorr
  0.84TEGBX Templeton Global BondPairCorr
  0.75TEGRX Templeton GrowthPairCorr
  0.73TEMGX Templeton Global SmallerPairCorr
  0.81TEMEX Franklin Mutual BeaconPairCorr
  0.63TEMWX Templeton WorldPairCorr
  0.76TEMTX Franklin Mutual SharesPairCorr
  0.82FQCTX Franklin Necticut TaxPairCorr
  0.78SAIFX Clearbridge Large CapPairCorr
  0.83SAGYX Clearbridge AggressivePairCorr
  0.63TEMZX Templeton EmergingPairCorr
  0.8FQCHX Franklin Templeton SmacsPairCorr
  0.71TEPLX Templeton GrowthPairCorr
  0.63TWDAX Templeton WorldPairCorr
  0.82TESIX Franklin Mutual SharesPairCorr
  0.82TESGX Templeton Global SmallerPairCorr
  0.82TESRX Franklin Mutual SharesPairCorr
  0.72LGIEX Qs International EquityPairCorr
  0.94FQLAX Franklin Louisiana TaxPairCorr
  0.73TEWTX Templeton WorldPairCorr
  0.85SAPYX Clearbridge AppreciationPairCorr
  0.75SASMX Clearbridge Small CapPairCorr
  0.94FQNCX Franklin North CarolinaPairCorr
  0.84FQMDX Franklin Maryland TaxPairCorr

Moving against Franklin Mutual Fund

  0.75WAADX Western Asset SmashPairCorr

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   
USLUX
+ 0.86
EQTYX
LBORX
+ 0.84
EQTYX
PRSAX
+ 0.84
EQTYX
PRSAX
+ 0.84
LBORX
USLUX
+ 0.79
LBORX
USLUX
+ 0.77
PRSAX
  
High negative correlations   
QGMIX
- 0.1
LBORX
QGMIX
- 0.04
USLUX

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin New 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 New'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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