Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Beacon
BEGRX Fund  USD 18.38  0.29  1.60%   
The current 90-days correlation between Franklin Mutual Beacon and Franklin Mutual Global is 0.95 (i.e., Almost no 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

Very poor diversification

The correlation between Franklin Mutual Beacon and DJI is 0.89 (i.e., Very poor 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 Trending Equities 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

  0.98TEBIX Franklin Mutual BeaconPairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.98TEDSX Franklin Mutual GlobalPairCorr
  1.0TEDRX Franklin Mutual GlobalPairCorr
  0.99TEFRX Templeton ForeignPairCorr
  0.97TEMFX Templeton ForeignPairCorr
  0.97TEMGX Templeton Global SmallerPairCorr
  0.98TEMEX Franklin Mutual BeaconPairCorr
  0.98TEMMX Templeton EmergingPairCorr
  0.97TEMIX Franklin Mutual EuropeanPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.96SAIFX Clearbridge Large CapPairCorr
  0.97SAGYX Clearbridge AggressivePairCorr
  0.98TEMZX Templeton EmergingPairCorr
  0.98TEPLX Templeton GrowthPairCorr
  0.97TESIX Franklin Mutual SharesPairCorr
  0.93LGGAX Clearbridge InternationalPairCorr
  0.99TEURX Franklin Mutual EuropeanPairCorr
  0.95LGIEX Qs International EquityPairCorr
  0.97TEWTX Templeton WorldPairCorr
  0.81WAARX Western Asset TotalPairCorr
  0.68WAFAX Western Asset InflationPairCorr
  0.94SBAYX Western Asset AdjustablePairCorr
  0.98SBBAX Qs Servative GrowthPairCorr
  0.96WAHYX Western Asset HighPairCorr
  0.98FRAAX Franklin Growth OppoPairCorr
  0.64FRBRX Franklin Biotechnology Steady GrowthPairCorr
  0.97SBIYX Clearbridge InternationalPairCorr
  0.97FRDPX Franklin Rising DividendsPairCorr
  0.72FREEX Franklin Real EstatePairCorr
  0.95FREIX Franklin Equity IncomePairCorr
  0.95SBLGX Clearbridge Large CapPairCorr
  0.73SBLTX Western Asset IntermPairCorr
  0.99FRELX Franklin Lifesmart 2025PairCorr
  0.95FRIAX Franklin IncomePairCorr
  0.71WATFX Western Asset EPairCorr
  0.62FRGOX Franklin Gold PreciousPairCorr
  0.97SBMAX Clearbridge Mid CapPairCorr

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   
MQIFX
+ 1.0
MUTHX
MUTHX
+ 0.99
MDISX
MQIFX
+ 0.99
MDISX
MEURX
+ 0.99
MDISX
MEURX
+ 0.98
MQIFX
MEURX
+ 0.96
MUTHX
  
High negative correlations   
TEFAX
- 0.0
MEURX
TEFAX
- 0.0
MQIFX
TEFAX
- 0.0
MUTHX
TEFAX
- 0.0
MDISX

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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