Franklin Oregon Correlations

FORIX Fund

USD 10.78 0.02 0.19%

The current 90-days correlation between Franklin Oregon Tax and Shelton Emerging Markets is -0.11 (i.e., Good diversification). The correlation of Franklin Oregon 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 Oregon Correlation With Market

Very good diversification

The correlation between Franklin Oregon Tax Free and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Oregon Tax Free 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 Oregon Tax Free. 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 gross domestic product.

Moving together with Franklin Mutual Fund

0.63	TEGBX	Templeton Global Bond	Pair Corr
0.88	FQCTX	Franklin Necticut Tax	Pair Corr
0.99	FQNCX	Franklin North Carolina	Pair Corr
0.74	WACPX	Western Asset E	Pair Corr
0.71	WABAX	Western Asset E	Pair Corr
0.72	WAFAX	Western Asset Inflation	Pair Corr
0.72	WAIIX	Western Asset Inflation	Pair Corr

Moving against Franklin Mutual Fund

0.35	SBLGX	Clearbridge Large Cap	Pair Corr
0.35	SBLYX	Clearbridge Large Cap	Pair Corr

Related Correlations Analysis

	EMSLX	EPASX	TEOJX	SMQFX	SPMIX	POEIX	QNZIX
EMSLX		0.96	0.97	0.92	0.15	0.94	0.21	EMSLX
EPASX	0.96		0.98	0.89	0.08	0.93	0.14	EPASX
TEOJX	0.97	0.98		0.91	0.12	0.95	0.18	TEOJX
SMQFX	0.92	0.89	0.91		0.31	0.92	0.37	SMQFX
SPMIX	0.15	0.08	0.12	0.31		0.37	0.83	SPMIX
POEIX	0.94	0.93	0.95	0.92	0.37		0.4	POEIX
QNZIX	0.21	0.14	0.18	0.37	0.83	0.4		QNZIX
	EMSLX	EPASX	TEOJX	SMQFX	SPMIX	POEIX	QNZIX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Oregon 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 Oregon'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
EMSLX	0.72	(0.03)	0.00	(1.46)	0.00	0.00	1.76	(1.08)	6.36
EPASX	0.74	0.01	(0.12)	0.04	0.99	(0.79)	1.52	(1.67)	6.54
TEOJX	0.66	(0.01)	0.00	0.32	0.00	0.00	1.76	(1.83)	4.91
SMQFX	0.59	(0.04)	(0.15)	0.00	0.76	(0.60)	1.27	(1.33)	3.52
SPMIX	0.83	(0.13)	(0.06)	0.01	1.80	(0.74)	1.67	(1.29)	5.24
POEIX	0.77	0.00	(0.13)	0.05	0.95	(0.86)	1.54	(1.82)	5.70
QNZIX	0.59	0.07	(0.08)	(9.94)	0.71	(0.61)	1.06	(1.07)	3.72

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