Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual European
TEMIX Fund  USD 23.97  0.24  1.01%   
The current 90-days correlation between Franklin Mutual European and Franklin Gold Precious is 0.42 (i.e., Very weak 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 0.19 (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 World Market Map 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 gross domestic product.

Moving together with Franklin Mutual Fund

  0.66TEBIX Franklin Mutual BeaconPairCorr
  0.93TEDMX Templeton DevelopingPairCorr
  0.74TEDIX Franklin Mutual GlobalPairCorr
  0.74TEDSX Franklin Mutual GlobalPairCorr
  0.74TEDRX Franklin Mutual GlobalPairCorr
  0.97TEFRX Templeton ForeignPairCorr
  0.96TEFTX Templeton ForeignPairCorr
  0.91TEGBX Templeton Global BondPairCorr
  0.81TEGRX Templeton GrowthPairCorr
  0.97TEMFX Templeton ForeignPairCorr
  0.77TEMGX Templeton Global SmallerPairCorr
  0.66TEMEX Franklin Mutual BeaconPairCorr
  0.8TEMMX Templeton EmergingPairCorr
  0.64TEMWX Templeton WorldPairCorr
  0.84TEMZX Templeton EmergingPairCorr
  0.91FQEMX Franklin Templeton SmacsPairCorr
  0.81TEPLX Templeton GrowthPairCorr
  0.63TWDAX Templeton WorldPairCorr
  0.78TESGX Templeton Global SmallerPairCorr
  0.83LGGAX Clearbridge InternationalPairCorr
  1.0TEURX Franklin Mutual EuropeanPairCorr
  0.94LGIEX Qs International EquityPairCorr

Moving against Franklin Mutual Fund

  0.72WAADX Western Asset SmashPairCorr
  0.69SBAYX Western Asset AdjustablePairCorr

Related Correlations Analysis

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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.

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