Franklin Exponential Correlations

Etfs . USA . 
Etf . Franklin Exponential Data
XDAT Etf  USD 26.62  0.23  0.87%   
The current 90-days correlation between Franklin Exponential Data and Franklin Disruptive Commerce is 0.78 (i.e., 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

Poor diversification

The correlation between Franklin Exponential Data and DJI is 0.68 (i.e., Poor 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

  0.95VGT Vanguard InformationPairCorr
  0.9XLK Technology Select SectorPairCorr
  0.94IYW iShares Technology ETFPairCorr
  0.67SMH VanEck Semiconductor ETFPairCorr
  0.94CIBR First Trust NASDAQPairCorr
  0.95FTEC Fidelity MSCI InformationPairCorr
  0.96IGV iShares Expanded Tech Low VolatilityPairCorr
  0.98FDN First Trust DowPairCorr
  0.95IGM iShares Expanded TechPairCorr
  0.75DIG ProShares Ultra OilPairCorr
  0.67MLPR ETRACS Quarterly PayPairCorr
  0.81USD ProShares Ultra SemiPairCorr
  0.67SGG Barclays CapitalPairCorr
  0.88YCS ProShares UltraShort YenPairCorr
  0.88TBT ProShares UltraShortPairCorr
  0.91ATMP Barclays ETN Select Low VolatilityPairCorr
  0.76AMZA InfraCap MLP ETFPairCorr
  0.95AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.9BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.76HD Home DepotPairCorr
  0.91WMT Walmart Aggressive PushPairCorr
  0.66XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.78CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.83DIS Walt DisneyPairCorr
  0.77T ATT Inc Aggressive PushPairCorr

Moving against Franklin Etf

  0.66NRGU Bank Of MontrealPairCorr
  0.87MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.81KO Coca Cola Aggressive PushPairCorr
  0.77BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.67PFE Pfizer Inc Aggressive PushPairCorr
  0.41PG Procter GamblePairCorr

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   
LRNZ
+ 0.95
IQM
IQM
+ 0.93
BUYZ
WUGI
+ 0.92
IQM
LRNZ
+ 0.91
BUYZ
WUGI
+ 0.88
BUYZ
LRNZ
+ 0.86
WUGI
  
High negative correlations   
VCLO
- 0.82
BUYZ
WUGI
- 0.68
VCLO
VCLO
- 0.67
IQM
LRNZ
- 0.62
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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