Franklin Growth Correlations

FOPPX Fund

USD 54.55 0.18 0.33%

The current 90-days correlation between Franklin Growth Oppo and Touchstone Large Cap is 0.07 (i.e., Significant diversification). The correlation of Franklin Growth 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 Growth Correlation With Market

Significant diversification

The correlation between Franklin Growth Opportunities and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Growth Opportunities 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 Growth Opportunities. 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 american community survey.

Moving together with Franklin Mutual Fund

0.84	WHIYX	Ivy High Income	Pair Corr
0.79	IVHIX	Ivy High Income	Pair Corr

Moving against Franklin Mutual Fund

0.55	FLDZX	Franklin Low Duration	Pair Corr
0.34	FCSCX	Franklin Adjustable	Pair Corr
0.55	WSHNX	Short Duration Income	Pair Corr
0.53	BBBMX	Bbh Limited Duration	Pair Corr
0.43	ECFAX	Eaton Vance Floating	Pair Corr
0.4	HSDFX	Hartford Short	Pair Corr
0.38	MCSAX	Mfs Modity Strategy	Pair Corr
0.35	QDARX	Aqr Diversified Arbitrage	Pair Corr
0.32	PIPNX	Pimco Income	Pair Corr

Related Correlations Analysis

	TACLX	JAAIX	HRAFX	LGPSX	GBAYX	GMLVX	PHTMX
TACLX		0.62	0.85	0.06	0.92	0.61	0.92	TACLX
JAAIX	0.62		0.68	0.22	0.8	0.7	0.74	JAAIX
HRAFX	0.85	0.68		0.51	0.91	0.72	0.9	HRAFX
LGPSX	0.06	0.22	0.51		0.23	0.22	0.16	LGPSX
GBAYX	0.92	0.8	0.91	0.23		0.78	0.97	GBAYX
GMLVX	0.61	0.7	0.72	0.22	0.78		0.79	GMLVX
PHTMX	0.92	0.74	0.9	0.16	0.97	0.79		PHTMX
	TACLX	JAAIX	HRAFX	LGPSX	GBAYX	GMLVX	PHTMX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Growth 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 Growth'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
TACLX	0.59	(0.03)	0.00	(0.13)	0.00	0.00	1.10	(1.14)	2.96
JAAIX	0.16	0.01	0.28	(0.02)	0.18	(0.22)	0.31	(0.31)	0.94
HRAFX	0.55	0.00	0.00	(0.08)	0.00	0.00	0.93	(1.25)	2.88
LGPSX	1.00	(0.02)	0.00	(0.09)	0.00	0.00	1.79	(2.61)	6.05
GBAYX	0.33	0.00	0.00	(0.09)	0.00	0.00	0.60	(0.68)	1.88
GMLVX	0.64	0.07	0.12	0.14	0.84	(0.66)	1.15	(1.54)	3.61
PHTMX	0.28	0.00	0.00	(0.07)	0.00	0.00	0.61	(0.53)	1.65

Trending Assets

TACLX

Touchstone Large Cap

20.10 0.10 0.50

GMLVX

Guidemark Large Cap

11.61 0.03 0.26

JAAIX

Alternative Asset

16.11 0.04 0.25

HRAFX

Hartford Growth

14.72 0.07 0.48

LGPSX

Profunds Large Cap

33.30 0.11 0.33

PHTMX

Principal Lifetime Hybrid

11.53 0.02 0.17

GBAYX

Balanced Allocation

11.71 -0.09 -0.76

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC