Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Beacon
TEMEX Fund  USD 16.20  0.08  0.50%   
The current 90-days correlation between Franklin Mutual Beacon and Greenspring Fund Retail is 0.16 (i.e., Average 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

Modest diversification

The correlation between Franklin Mutual Beacon and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Beacon and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Franklin Mutual Beacon. 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 income.

Moving together with Franklin Mutual Fund

  1.0TEBIX Franklin Mutual BeaconPairCorr
  0.69TEDMX Templeton DevelopingPairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.98TEDSX Franklin Mutual GlobalPairCorr
  0.98TEDRX Franklin Mutual GlobalPairCorr
  0.7TEFRX Templeton ForeignPairCorr
  0.7TEFTX Templeton ForeignPairCorr
  0.81TEGBX Templeton Global BondPairCorr
  0.91TEGRX Templeton GrowthPairCorr
  0.7TEMFX Templeton ForeignPairCorr
  0.95TEMGX Templeton Global SmallerPairCorr
  0.66TEMIX Franklin Mutual EuropeanPairCorr
  0.92TEMWX Templeton WorldPairCorr
  0.99TEMTX Franklin Mutual SharesPairCorr
  0.86TEMQX Mutual QuestPairCorr
  0.99SAIFX Clearbridge Large CapPairCorr
  0.93SAGYX Clearbridge AggressivePairCorr
  0.84TEQIX Franklin Mutual QuestPairCorr
  0.91TEPLX Templeton GrowthPairCorr
  0.92TWDAX Templeton WorldPairCorr
  0.99TESIX Franklin Mutual SharesPairCorr
  0.94TESGX Templeton Global SmallerPairCorr
  0.99TESRX Franklin Mutual SharesPairCorr
  0.65TEURX Franklin Mutual EuropeanPairCorr
  0.84LGIEX Qs International EquityPairCorr
  0.61FQLAX Franklin Louisiana TaxPairCorr
  0.86TEWTX Templeton WorldPairCorr
  0.91SAPYX Clearbridge AppreciationPairCorr
  0.87SASMX Clearbridge Small CapPairCorr
  0.65FQNCX Franklin North CarolinaPairCorr
  0.89FQTEX Franklin Strategic SeriesPairCorr

Moving against Franklin Mutual Fund

  0.86WAADX Western Asset SmashPairCorr
  0.56SBAYX Western Asset AdjustablePairCorr

Related Correlations Analysis

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY