Franklin Equity Correlations

Mutual Funds . USA . 
Fund . Franklin Equity Income
FRETX Fund  USD 34.18  0.08  0.23%   
The current 90-days correlation between Franklin Equity Income and Vanguard Primecap E is -0.13 (i.e., Good 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 population.

Moving together with Franklin Mutual Fund

  0.86TEDMX Templeton Developing Steady GrowthPairCorr
  0.95TEDIX Franklin Mutual GlobalPairCorr
  0.93TEFRX Templeton ForeignPairCorr
  0.94TEFTX Templeton ForeignPairCorr
  0.75TEGBX Templeton Global BondPairCorr
  0.85TEGRX Templeton GrowthPairCorr
  0.94TEMFX Templeton ForeignPairCorr
  0.96TEMGX Templeton Global SmallerPairCorr
  0.8TEMMX Templeton Emerging Steady GrowthPairCorr
  0.87TEMWX Templeton WorldPairCorr
  0.87SAIFX Clearbridge Large CapPairCorr
  0.95FQTEX Franklin Strategic SeriesPairCorr
  0.81FRAAX Franklin Growth OppoPairCorr
  0.82FRBRX Franklin BiotechnologyPairCorr
  0.91FRDPX Franklin Rising DividendsPairCorr
  0.89FREIX Franklin Equity IncomePairCorr
  0.93FRCSX Franklin Small CapPairCorr
  0.86FRDAX Franklin Rising DividendsPairCorr
  0.92FRGOX Franklin Gold PreciousPairCorr
  0.8SBSPX Qs Sp 500PairCorr
  0.95FRNRX Franklin Natural ResPairCorr
  0.85FAUZX Franklin AdjustablePairCorr
  0.97FBLAX Franklin BalancedPairCorr
  0.88FTCLX Franklin Efolio AlloPairCorr
  0.92FTFZX Franklin Federal LimPairCorr
  0.78PINCX Putnam IncomePairCorr
  0.86FCAZX Franklin Efolio AlloPairCorr
  0.82FCCIX Franklin CaliforniaPairCorr
  0.76FCOIX Franklin Orado TaxPairCorr
  0.97TINCX Templeton Global BalancedPairCorr
  0.8FCQAX Franklin California HighPairCorr
  0.88FCSGX Franklin Small CapPairCorr
  0.83FCSCX Franklin AdjustablePairCorr
  0.93CIABX Western Asset ShortPairCorr
  0.89ARMZX Western Asset AdjustablePairCorr
  0.9LLAIX Qs Moderate GrowthPairCorr
  0.93FEMDX Franklin Emerging MarketPairCorr

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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