Franklin Wireless Correlations

FKWL Stock

USD 4.82 0.04 0.82%

The current 90-days correlation between Franklin Wireless Corp and Nokia Corp ADR is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Wireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Wireless Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin Wireless Correlation With Market

Average diversification

The correlation between Franklin Wireless Corp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Wireless Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Franklin Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Wireless Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Franklin Stock

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0.64	FI	Fiserv,	Pair Corr
0.68	INTC	Intel Aggressive Push	Pair Corr
0.68	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	NOK	MSI	HPE	LITE	NTGR	ZBRA
NOK		-0.51	-0.53	-0.42	-0.35	-0.53	NOK
MSI	-0.51		0.78	0.71	0.84	0.71	MSI
HPE	-0.53	0.78		0.74	0.89	0.71	HPE
LITE	-0.42	0.71	0.74		0.83	0.94	LITE
NTGR	-0.35	0.84	0.89	0.83		0.75	NTGR
ZBRA	-0.53	0.71	0.71	0.94	0.75		ZBRA
	NOK	MSI	HPE	LITE	NTGR	ZBRA

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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

ZBRA	+ 0.94	LITE
NTGR	+ 0.89	HPE
NTGR	+ 0.84	MSI
NTGR	+ 0.83	LITE
HPE	+ 0.78	MSI
ZBRA	+ 0.75	NTGR

High negative correlations

ZBRA	- 0.53	NOK
HPE	- 0.53	NOK
MSI	- 0.51	NOK
LITE	- 0.42	NOK
NTGR	- 0.35	NOK

Risk-Adjusted Indicators

There is a big difference between Franklin Stock performing well and Franklin Wireless 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 Wireless' 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NOK	1.63	0.24	0.11	0.22	2.31	(1.87)	4.38	(2.59)	12.86
MSI	1.26	(0.01)	0.00	(0.15)	0.00	0.00	2.04	(2.90)	10.74
HPE	2.71	(0.26)	0.00	(0.30)	0.00	0.00	5.11	(6.50)	21.15
LITE	4.55	(0.25)	0.00	(0.24)	0.00	0.00	7.79	(8.93)	30.55
NTGR	2.53	(0.04)	0.00	(0.17)	0.00	0.00	4.23	(5.44)	19.98
ZBRA	2.35	(0.55)	0.00	(0.45)	0.00	0.00	3.20	(6.29)	22.53

Franklin Wireless Corporate Management

Yun Lee	Senior Business	Profile
Reid Granados	Interim Officer	Profile
William Bauer	General Secretary	Profile
John Parks	Director Operation	Profile

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