Franklin Adjustable Correlations

Mutual Funds . USA . 
Fund . Franklin Adjustable Government
FISAX Fund  USD 7.55  0.01  0.13%   
The current 90-days correlation between Franklin Adjustable and Blackrock Science Technology is -0.09 (i.e., Good diversification). The correlation of Franklin Adjustable 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 Adjustable Correlation With Market

Significant diversification

The correlation between Franklin Adjustable Government and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Adjustable Government and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Adjustable Government. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with FRANKLIN Mutual Fund

  0.95VFIRX Vanguard Short TermPairCorr
  0.92FUMBX Fidelity Short TermPairCorr
  0.66GAAKX Gmo Alternative AlloPairCorr
  0.66GAAGX Gmo Alternative AlloPairCorr
  0.7GPBFX Gmo E PlusPairCorr
  0.85PQTAX Pimco Trends ManagedPairCorr
  0.83PQTNX Pimco Trends ManagedPairCorr
  0.85PQTIX Aa Pimco TrPairCorr
  0.71WARCX Wells Fargo AdvantagePairCorr
  0.76MWTNX Metropolitan West TotalPairCorr
  0.7WDIAX Wilmington DiversifiedPairCorr
  0.71FPXIX Fidelity Advisor 529PairCorr
  0.62OGLIX Oppenheimer GlobalPairCorr
  0.62BHYCX Blackrock Hi YldPairCorr
  0.85GPICX Guidepath ConservativePairCorr
  0.61TIGRX Tiaa Cref GrowthPairCorr
  0.72GEMRX Aberdeen Emerging MarketsPairCorr
  0.75ETAHX Eventide Healthcare Life Steady GrowthPairCorr
  0.78DQEIX Dreyfus Global EquityPairCorr
  0.73CRF Cornerstone Total ReturnPairCorr
  0.78PJHRX Prudential HealthPairCorr
  0.72FSELX Fidelity Select SemiPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between FRANKLIN Mutual Fund performing well and Franklin Adjustable 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 Adjustable'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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