Franklin Equity Correlations

Mutual Funds . USA . 
Fund . Franklin Equity Income
FREIX Fund  USD 34.50  0.07  0.20%   
The current 90-days correlation between Franklin Equity Income and Fkhemx is 0.43 (i.e., Very weak diversification). The correlation of Franklin Equity 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 Equity Correlation With Market

Very poor diversification

The correlation between Franklin Equity Income and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Equity Income 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 Equity Income. 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

  0.83TEDMX Templeton Developing Steady GrowthPairCorr
  0.9TEDIX Franklin Mutual GlobalPairCorr
  0.93TEFRX Templeton ForeignPairCorr
  0.91TEFTX Templeton ForeignPairCorr
  0.72TEGBX Templeton Global BondPairCorr
  0.91TEGRX Templeton GrowthPairCorr
  0.91TEMFX Templeton ForeignPairCorr
  0.94TEMGX Templeton Global SmallerPairCorr
  0.77TEMMX Templeton Emerging Steady GrowthPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.98SAIFX Clearbridge Large CapPairCorr
  0.92FQTEX Franklin Strategic SeriesPairCorr
  0.97FRAAX Franklin Growth OppoPairCorr
  0.9FRBRX Franklin BiotechnologyPairCorr
  0.78FRDPX Franklin Rising DividendsPairCorr
  0.97FRCSX Franklin Small CapPairCorr
  0.8FRDAX Franklin Rising DividendsPairCorr
  0.91FRGOX Franklin Gold PreciousPairCorr
  0.78SBSPX Qs Sp 500PairCorr
  0.89FRNRX Franklin Natural ResPairCorr
  0.85FAUZX Franklin AdjustablePairCorr
  0.91FBLAX Franklin BalancedPairCorr
  0.8FTCLX Franklin Efolio AlloPairCorr
  0.9FTFZX Franklin Federal LimPairCorr
  0.77PINCX Putnam IncomePairCorr
  0.84FCAZX Franklin Efolio AlloPairCorr
  0.81FCCIX Franklin CaliforniaPairCorr
  0.81FCOIX Franklin Orado TaxPairCorr
  0.92TINCX Templeton Global BalancedPairCorr
  0.81FCQAX Franklin California HighPairCorr
  0.99FCSGX Franklin Small CapPairCorr
  0.84FCSCX Franklin AdjustablePairCorr
  0.9CIABX Western Asset ShortPairCorr
  0.88ARMZX Western Asset AdjustablePairCorr
  0.93LLAIX Qs Moderate GrowthPairCorr
  0.92FEMDX Franklin Emerging MarketPairCorr

Moving against Franklin Mutual Fund

  0.31WAFAX Western Asset InflationPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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