Franklin Strategic Correlations

FQTEX Fund

USD 12.94 0.08 0.62%

The current 90-days correlation between Franklin Strategic Series and Rational Special Situations is 0.14 (i.e., Average diversification). The correlation of Franklin Strategic 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 Strategic Correlation With Market

Poor diversification

The correlation between Franklin Strategic Series and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Strategic Series 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 Strategic Series. 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 income.

Moving together with Franklin Mutual Fund

0.84	TEDMX	Templeton Developing	Pair Corr
0.62	TEGRX	Templeton Growth	Pair Corr
0.85	TEMWX	Templeton World	Pair Corr
0.63	TEMTX	Franklin Mutual Shares	Pair Corr
0.62	SAIFX	Clearbridge Large Cap	Pair Corr
0.72	SAGYX	Clearbridge Aggressive	Pair Corr
0.74	FQEMX	Franklin Templeton Smacs	Pair Corr
0.67	TEQIX	Franklin Mutual Quest	Pair Corr
0.63	TEPLX	Templeton Growth	Pair Corr
0.86	TWDAX	Templeton World	Pair Corr
0.85	TEWTX	Templeton World	Pair Corr
0.73	SAPYX	Clearbridge Appreciation	Pair Corr
0.82	WAADX	Western Asset Smash	Pair Corr

Moving against Franklin Mutual Fund

0.32	TEGBX	Templeton Global Bond	Pair Corr
0.44	WACPX	Western Asset E	Pair Corr
0.44	WAPAX	Western Asset E	Pair Corr
0.36	WABAX	Western Asset E	Pair Corr

Related Correlations Analysis

	RFXIX	EICVX	MDSKX	BOSVX	ARCHX	OPTCX	SMPIX
RFXIX		0.7	0.66	0.57	0.52	0.88	0.53	RFXIX
EICVX	0.7		0.87	0.71	0.77	0.88	0.72	EICVX
MDSKX	0.66	0.87		0.89	0.58	0.91	0.74	MDSKX
BOSVX	0.57	0.71	0.89		0.44	0.78	0.63	BOSVX
ARCHX	0.52	0.77	0.58	0.44		0.66	0.62	ARCHX
OPTCX	0.88	0.88	0.91	0.78	0.66		0.75	OPTCX
SMPIX	0.53	0.72	0.74	0.63	0.62	0.75		SMPIX
	RFXIX	EICVX	MDSKX	BOSVX	ARCHX	OPTCX	SMPIX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Strategic 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 Strategic'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
RFXIX	0.07	0.01	(0.73)	1.14	0.00	(0.10)	0.11	(0.11)	0.39
EICVX	0.45	0.05	(0.11)	(1.40)	0.40	(0.52)	1.09	(0.71)	2.12
MDSKX	0.94	0.12	0.02	4.08	0.93	(1.03)	2.09	(1.62)	7.61
BOSVX	0.98	(0.04)	0.02	0.07	0.86	(1.16)	2.15	(1.62)	8.98
ARCHX	0.34	0.02	(0.19)	4.28	0.38	(0.39)	0.67	(0.71)	1.69
OPTCX	0.16	0.04	(0.32)	1.34	0.00	(0.24)	0.41	(0.21)	1.07
SMPIX	2.78	0.14	0.00	(0.56)	4.06	(2.47)	5.38	(6.39)	18.07

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