Franklin Lifesmart Correlations
| FLRVX Fund | USD 12.26 0.06 0.49% |
The current 90-days correlation between Franklin Lifesmart 2020 and Pnc Emerging Markets is 0.58 (i.e., Very weak diversification). The correlation of Franklin Lifesmart 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 Lifesmart Correlation With Market
Poor diversification
The correlation between Franklin Lifesmart 2020 and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Lifesmart 2020 and DJI in the same portfolio, assuming nothing else is changed.
Franklin |
Moving together with Franklin Mutual Fund
| 0.61 | TEDIX | Franklin Mutual Global | PairCorr |
| 0.77 | TEDSX | Franklin Mutual Global | PairCorr |
| 0.61 | TEDRX | Franklin Mutual Global | PairCorr |
| 0.7 | TEGRX | Templeton Growth | PairCorr |
| 0.86 | TEMGX | Templeton Global Smaller | PairCorr |
| 0.61 | TEMEX | Franklin Mutual Beacon | PairCorr |
| 0.62 | TEMWX | Templeton World Downward Rally | PairCorr |
| 0.73 | TEMQX | Mutual Quest | PairCorr |
| 0.71 | FQCTX | Franklin Necticut Tax | PairCorr |
| 0.74 | FQCHX | Franklin Templeton Smacs | PairCorr |
| 0.7 | TEQIX | Franklin Mutual Quest | PairCorr |
| 0.7 | TEPLX | Templeton Growth | PairCorr |
| 0.61 | TWDAX | Templeton World Downward Rally | PairCorr |
| 0.86 | TESGX | Templeton Global Smaller | PairCorr |
| 0.74 | LGGAX | Clearbridge International | PairCorr |
| 0.64 | LGIEX | Qs International Equity | PairCorr |
| 0.67 | FQLAX | Franklin Louisiana Tax | PairCorr |
| 0.63 | TEWTX | Templeton World | PairCorr |
| 0.78 | FQNCX | Franklin North Carolina | PairCorr |
| 0.77 | FQMDX | Franklin Maryland Tax | PairCorr |
| 0.77 | WAARX | Western Asset Total | PairCorr |
Related Correlations Analysis
| 0.33 | 0.95 | 0.89 | 0.79 | 0.93 | PIEFX | ||
| 0.33 | 0.44 | 0.41 | 0.59 | 0.39 | EMCIX | ||
| 0.95 | 0.44 | 0.95 | 0.78 | 0.95 | PCEMX | ||
| 0.89 | 0.41 | 0.95 | 0.77 | 0.95 | REMVX | ||
| 0.79 | 0.59 | 0.78 | 0.77 | 0.85 | POEIX | ||
| 0.93 | 0.39 | 0.95 | 0.95 | 0.85 | IJPTX | ||
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Risk-Adjusted Indicators
There is a big difference between Franklin Mutual Fund performing well and Franklin Lifesmart 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 Lifesmart'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PIEFX | 0.69 | (0.03) | 0.00 | (0.04) | 0.00 | 1.70 | 4.82 | |||
| EMCIX | 0.17 | 0.00 | (0.10) | 0.07 | 0.14 | 0.52 | 1.22 | |||
| PCEMX | 0.71 | (0.04) | 0.00 | (0.23) | 0.00 | 1.63 | 6.32 | |||
| REMVX | 0.92 | (0.14) | 0.00 | (0.54) | 0.00 | 1.40 | 9.14 | |||
| POEIX | 0.69 | 0.03 | 0.02 | 0.20 | 0.76 | 1.53 | 5.70 | |||
| IJPTX | 0.67 | (0.06) | 0.00 | (0.14) | 0.00 | 1.21 | 4.71 |