Franklin Exponential Correlations

Etfs . USA . 
Etf . Franklin Exponential Data
XDAT Etf  USD 25.83  0.12  0.47%   
The current 90-days correlation between Franklin Exponential Data and Franklin Disruptive Commerce is 0.85 (i.e., Very poor diversification). The correlation of Franklin Exponential 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 Exponential Correlation With Market

Modest diversification

The correlation between Franklin Exponential Data and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Exponential Data and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Franklin Exponential Data. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Franklin Etf

  0.86VGT Vanguard InformationPairCorr
  0.81XLK Technology Select SectorPairCorr
  0.86IYW iShares Technology ETFPairCorr
  0.81CIBR First Trust NASDAQPairCorr
  0.87FTEC Fidelity MSCI InformationPairCorr
  0.96IGV iShares Expanded TechPairCorr
  0.86FDN First Trust DowPairCorr
  0.84IGM iShares Expanded TechPairCorr
  0.84ARKW ARK Next GenerationPairCorr
  0.86WTMF WisdomTree ManagedPairCorr
  0.71BST BlackRock Science TechPairCorr
  0.81BTC Grayscale Bitcoin MiniPairCorr
  0.77TSLY Tidal Trust IIPairCorr
  0.76YMAG YieldMax MagnificentPairCorr
  0.84NFLY Tidal Trust IIPairCorr
  0.92AUGP PGIM Large CapPairCorr
  0.85IYG iShares FinancialPairCorr
  0.85BITX Volatility Shares Trust Buyout TrendPairCorr
  0.65FNGS MicroSectors FANG ETNPairCorr
  0.63FLDR Fidelity Low DurationPairCorr
  0.63GJAN First Trust ExchangePairCorr
  0.86WANT Direxion Daily CnsmrPairCorr
  0.68TSL GraniteShares 125x LongPairCorr

Moving against Franklin Etf

  0.37SOXX iShares Semiconductor ETFPairCorr
  0.46SOYB Teucrium SoybeanPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
WUGI
+ 0.92
IQM
LRNZ
+ 0.88
BUYZ
IQM
+ 0.86
BUYZ
WUGI
+ 0.74
BUYZ
LRNZ
+ 0.66
IQM
LRNZ
+ 0.55
WUGI
  
High negative correlations   
VCLO
- 0.61
IQM
VCLO
- 0.47
BUYZ
WUGI
- 0.45
VCLO
LRNZ
- 0.15
VCLO

Franklin Exponential Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin Exponential ETF 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 Exponential'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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