Franklin Mutual Correlations

MEURX Fund

USD 26.85 1.88 7.53%

The current 90-days correlation between Franklin Mutual European and Inflation Adjusted Bond Fund is -0.26 (i.e., Very good diversification). The correlation of Franklin Mutual 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 Mutual Correlation With Market

Average diversification

The correlation between Franklin Mutual European and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual European and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Franklin Mutual European. 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

0.77	TEBIX	Franklin Mutual Beacon	Pair Corr
0.86	TEDMX	Templeton Developing	Pair Corr
0.91	TEDIX	Franklin Mutual Global	Pair Corr
0.97	TEDSX	Franklin Mutual Global	Pair Corr
0.9	TEDRX	Franklin Mutual Global	Pair Corr
0.92	TEFRX	Templeton Foreign	Pair Corr
0.98	TEFTX	Templeton Foreign	Pair Corr
0.96	TEGBX	Templeton Global Bond	Pair Corr
0.92	TEMFX	Templeton Foreign	Pair Corr
0.87	TEMEX	Franklin Mutual Beacon	Pair Corr
0.97	TEMIX	Franklin Mutual European	Pair Corr
0.81	TEMQX	Mutual Quest	Pair Corr
0.82	TEQIX	Franklin Mutual Quest	Pair Corr
0.81	LGGAX	Clearbridge International	Pair Corr
0.97	TEURX	Franklin Mutual European	Pair Corr
0.95	LGIEX	Qs International Equity	Pair Corr
0.97	WAARX	Western Asset Total	Pair Corr

Moving against Franklin Mutual Fund

0.46	TEMGX	Templeton Global Smaller	Pair Corr
0.47	SAGYX	Clearbridge Aggressive	Pair Corr
0.47	TESGX	Templeton Global Smaller	Pair Corr
0.51	SASMX	Clearbridge Small Cap	Pair Corr
0.43	SAPYX	Clearbridge Appreciation	Pair Corr
0.35	LGVAX	Clearbridge Value Trust	Pair Corr

Related Correlations Analysis

	AIAHX	GSAPX	ABNOX	QCILIX	ABNCX	FIPRX	APISX	ANBIX
AIAHX		1.0	0.98	0.99	0.97	1.0	0.97	0.99	AIAHX
GSAPX	1.0		0.98	0.99	0.98	1.0	0.97	0.99	GSAPX
ABNOX	0.98	0.98		0.98	1.0	0.98	1.0	0.98	ABNOX
QCILIX	0.99	0.99	0.98		0.98	1.0	0.98	1.0	QCILIX
ABNCX	0.97	0.98	1.0	0.98		0.98	1.0	0.98	ABNCX
FIPRX	1.0	1.0	0.98	1.0	0.98		0.97	0.99	FIPRX
APISX	0.97	0.97	1.0	0.98	1.0	0.97		0.98	APISX
ANBIX	0.99	0.99	0.98	1.0	0.98	0.99	0.98		ANBIX
	AIAHX	GSAPX	ABNOX	QCILIX	ABNCX	FIPRX	APISX	ANBIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Mutual 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 Mutual'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AIAHX	0.21	0.06	0.85	(1.25)	(0.28)	0.56	(0.38)	1.24
GSAPX	0.21	0.05	0.85	(1.10)	(0.27)	0.53	(0.32)	1.30
ABNOX	0.16	0.05	0.98	8.41	(0.22)	0.39	(0.29)	0.89
QCILIX	0.16	0.05	1.23	(1.18)	(0.19)	0.41	(0.26)	0.94
ABNCX	0.16	0.05	1.03	4.63	(0.22)	0.39	(0.29)	0.90
FIPRX	0.21	0.06	0.77	(1.27)	(0.28)	0.61	(0.40)	1.35
APISX	0.12	0.04	1.27	(7.69)	(0.17)	0.29	(0.19)	0.67
ANBIX	0.16	0.05	1.07	(1.63)	(0.23)	0.39	(0.29)	0.98

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC