Franklin Correlations
| FRQXX Fund | USD 1.00 0.00 0.00% |
The correlation of Franklin 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 |
Related Correlations Analysis
| 0.64 | 0.89 | 0.75 | 0.45 | 0.67 | ANBIX | ||
| 0.64 | 0.64 | 0.86 | 0.46 | 0.89 | MDMTX | ||
| 0.89 | 0.64 | 0.63 | 0.25 | 0.64 | ABNCX | ||
| 0.75 | 0.86 | 0.63 | 0.44 | 0.89 | ANAGX | ||
| 0.45 | 0.46 | 0.25 | 0.44 | 0.48 | ARTFX | ||
| 0.67 | 0.89 | 0.64 | 0.89 | 0.48 | DHGCX | ||
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Risk-Adjusted Indicators
There is a big difference between Franklin Money Market Fund performing well and Franklin Money Market 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANBIX | 0.13 | 0.00 | (0.43) | 1.71 | 0.14 | 0.29 | 0.78 | |||
| MDMTX | 0.19 | 0.00 | (0.20) | 0.06 | 0.25 | 0.48 | 1.72 | |||
| ABNCX | 0.14 | (0.01) | (0.48) | (0.21) | 0.16 | 0.20 | 0.70 | |||
| ANAGX | 0.17 | (0.01) | (0.41) | (0.63) | 0.16 | 0.44 | 1.16 | |||
| ARTFX | 0.11 | 0.02 | (0.31) | (11.49) | 0.00 | 0.44 | 1.10 | |||
| DHGCX | 0.15 | (0.01) | (0.50) | (0.06) | 0.14 | 0.36 | 0.94 |