Franklin Missouri Correlations

FRMZX Fund

USD 10.56 0.01 0.09%

The current 90-days correlation between Franklin Missouri Tax and Strategic Allocation Aggressive is 0.09 (i.e., Significant diversification). The correlation of Franklin Missouri 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 Missouri Correlation With Market

Very good diversification

The correlation between Franklin Missouri 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 Missouri 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 Missouri 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 nation.

Moving together with Franklin Mutual Fund

0.63	WAFAX	Western Asset Inflation	Pair Corr
0.91	FRCOX	Franklin Orado Tax	Pair Corr
0.96	FRCTX	Franklin California Tax	Pair Corr
0.99	FRFTX	Franklin Federal Tax	Pair Corr
0.88	FRORX	Franklin Oregon Tax	Pair Corr
0.98	FAFTX	Franklin Federal Tax	Pair Corr
0.98	FTFQX	Franklin California Tax	Pair Corr
0.69	FTFZX	Franklin Federal Lim	Pair Corr
0.89	FCAVX	Franklin California Tax	Pair Corr
0.89	FFQAX	Franklin Federal Tax	Pair Corr
0.88	FFTQX	Franklin Federal Tax	Pair Corr

Related Correlations Analysis

	AAAIX	AMONX	TFCCX	RETSX	UPAAX	TAGRX	TRBCX
AAAIX		0.91	0.85	0.92	0.88	0.91	0.89	AAAIX
AMONX	0.91		0.9	0.99	0.95	0.97	0.99	AMONX
TFCCX	0.85	0.9		0.89	0.77	0.88	0.88	TFCCX
RETSX	0.92	0.99	0.89		0.95	0.98	0.98	RETSX
UPAAX	0.88	0.95	0.77	0.95		0.91	0.94	UPAAX
TAGRX	0.91	0.97	0.88	0.98	0.91		0.96	TAGRX
TRBCX	0.89	0.99	0.88	0.98	0.94	0.96		TRBCX
	AAAIX	AMONX	TFCCX	RETSX	UPAAX	TAGRX	TRBCX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Missouri 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 Missouri'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
AAAIX	0.42	0.05	(0.11)	1.53	0.44	(0.50)	0.95	(0.70)	2.41
AMONX	0.68	0.03	0.03	0.15	0.85	(0.72)	1.63	(1.30)	4.55
TFCCX	0.50	0.11	(0.02)	(5.13)	0.38	(0.58)	0.93	(0.98)	3.59
RETSX	0.52	(0.01)	(0.04)	0.11	0.64	(0.55)	1.04	(1.46)	4.06
UPAAX	1.27	(0.07)	0.01	0.08	1.70	(1.35)	2.67	(3.14)	7.75
TAGRX	0.58	(0.01)	(0.03)	0.11	0.73	(0.58)	0.99	(1.43)	4.03
TRBCX	0.72	0.02	0.00	0.14	0.95	(0.67)	1.66	(2.18)	4.86

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Franklin Missouri Correlations

Franklin Missouri Correlation With Market

Very good diversification

Moving together with Franklin Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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