Franklin Equity Correlations

Mutual Funds . USA . 
Fund . Franklin Equity Income
FREIX Fund  USD 35.12  0.09  0.26%   
The current 90-days correlation between Franklin Equity Income and Templeton Growth Fund is 0.09 (i.e., Significant 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

Almost no diversification

The correlation between Franklin Equity Income and DJI is 0.9 (i.e., Almost no 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

  0.94PEYAX Putnam Equity IncomePairCorr
  0.93TEBIX Franklin Mutual BeaconPairCorr
  0.91TEDMX Templeton DevelopingPairCorr
  0.93TEDIX Franklin Mutual GlobalPairCorr
  0.93TEDSX Franklin Mutual GlobalPairCorr
  0.93TEDRX Franklin Mutual GlobalPairCorr
  0.94TEFRX Templeton ForeignPairCorr
  0.94TEFTX Templeton ForeignPairCorr
  0.79TEGBX Templeton Global BondPairCorr
  0.89TEGRX Templeton GrowthPairCorr
  0.94TEMFX Templeton ForeignPairCorr
  0.89TEMGX Templeton Global SmallerPairCorr
  0.93TEMEX Franklin Mutual BeaconPairCorr
  0.8TEMMX Templeton EmergingPairCorr
  0.93TEMIX Franklin Mutual EuropeanPairCorr
  0.86TEMWX Templeton WorldPairCorr
  0.93TEMTX Franklin Mutual SharesPairCorr
  0.9TEMQX Mutual QuestPairCorr
  0.8FQCTX Franklin Necticut TaxPairCorr
  0.98SAIFX Clearbridge Large CapPairCorr
  0.7SAGYX Clearbridge AggressivePairCorr
  0.81TEMZX Templeton EmergingPairCorr
  0.88FQCHX Franklin Templeton SmacsPairCorr
  0.89FQEMX Franklin Templeton SmacsPairCorr
  0.91TEQIX Franklin Mutual QuestPairCorr
  0.94TEPLX Templeton GrowthPairCorr
  0.97TWDAX Templeton WorldPairCorr
  0.98TESIX Franklin Mutual SharesPairCorr
  0.89TESGX Templeton Global SmallerPairCorr
  0.98TESRX Franklin Mutual SharesPairCorr
  0.69PFLRX Putnam Floating RatePairCorr
  0.93LGGAX Clearbridge InternationalPairCorr
  0.93TEURX Franklin Mutual EuropeanPairCorr
  0.95LGIEX Qs International EquityPairCorr
  0.84FQLAX Franklin Louisiana TaxPairCorr
  0.85TEWTX Templeton WorldPairCorr
  0.84SAPYX Clearbridge AppreciationPairCorr
  0.87SASMX Clearbridge Small CapPairCorr
  0.85FQNCX Franklin North CarolinaPairCorr

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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