Correlation Between Franklin Real and Bond Fund
Can any of the company-specific risk be diversified away by investing in both Franklin Real and Bond Fund at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Franklin Real and Bond Fund into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Franklin Real Estate and Bond Fund Of, you can compare the effects of market volatilities on Franklin Real and Bond Fund and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Franklin Real with a short position of Bond Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Franklin Real and Bond Fund.
Diversification Opportunities for Franklin Real and Bond Fund
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between FRANKLIN and Bond is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Real Estate and Bond Fund Of in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bond Fund and Franklin Real is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Franklin Real Estate are associated (or correlated) with Bond Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bond Fund has no effect on the direction of Franklin Real i.e., Franklin Real and Bond Fund go up and down completely randomly.
Pair Corralation between Franklin Real and Bond Fund
If you would invest 1,915 in Franklin Real Estate on September 3, 2024 and sell it today you would earn a total of 72.00 from holding Franklin Real Estate or generate 3.76% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Franklin Real Estate vs. Bond Fund Of
Performance |
| Timeline |
| Franklin Real Estate |
| Bond Fund |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Franklin Real and Bond Fund Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Franklin Real and Bond Fund
The main advantage of trading using opposite Franklin Real and Bond Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Franklin Real position performs unexpectedly, Bond Fund can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bond Fund will offset losses from the drop in Bond Fund's long position.| Franklin Real vs. Franklin Natural Resources | Franklin Real vs. Franklin Small Cap | Franklin Real vs. Templeton Developing Markets | Franklin Real vs. Franklin Balance Sheet |
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Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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