Franklin Resources Correlations

Stocks . USA . 
Stock . Franklin Resources
BEN Stock  USD 20.16  0.68  3.26%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin Resources Correlation With Market

Very weak diversification

The correlation between Franklin Resources and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Resources 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 Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Franklin Stock, please use our How to Invest in Franklin Resources guide.

Moving against Franklin Stock

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  0.31STT State Street Corp Fiscal Year End 17th of January 2025 PairCorr
  0.6RY Royal Bank Fiscal Year End 5th of December 2024 PairCorr
  0.52VABK Virginia NationalPairCorr
  0.49GL Globe LifePairCorr
  0.47TD Toronto Dominion Bank Fiscal Year End 5th of December 2024 PairCorr
  0.41RF Regions Financial Fiscal Year End 17th of January 2025 PairCorr
  0.4WU Western UnionPairCorr
  0.38FG FG Annuities LifePairCorr
  0.38MA MastercardPairCorr
  0.31IX Orix Corp AdsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Franklin Stock performing well and Franklin Resources Company 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 Resources' 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MHD  0.41 (0.01)(0.10)(0.02) 0.63 
(0.41)
 0.66 
(1.02)
 3.10 
DTF  0.25  0.03 (0.11) 23.05  0.15 
(0.31)
 0.62 
(0.36)
 1.89 
JHS  0.27  0.02 (0.09) 0.34  0.31 
(0.32)
 0.61 
(0.51)
 3.04 
CXH  0.31  0.01 (0.12) 0.22  0.38 
(0.34)
 0.63 
(0.62)
 1.84 
MYD  0.43  0.01 (0.11)(1.67) 0.50 
(0.49)
 1.05 
(0.95)
 2.73 
MUI  0.19  0.02 (0.15) 0.78  0.20 
(0.23)
 0.41 
(0.48)
 1.66 
MQY  0.33  0.00 (0.11) 0.12  0.50 
(0.32)
 0.79 
(0.84)
 2.73 
MYI  0.31 (0.04) 0.00 (0.34) 0.00 
 0.00 
 0.54 
(0.93)
 2.58 
MUE  0.32  0.01 (0.11) 0.35  0.41 
(0.35)
 0.85 
(0.68)
 2.46 
MVF  0.39 (0.03) 0.00 (0.12) 0.00 
 0.00 
 0.69 
(0.96)
 2.80 

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