Franklin Moderate Correlations

Mutual Funds . USA . 
Fund . Franklin Moderate Allocation
FMTIX Fund  USD 16.48  0.07  0.43%   
The current 90-days correlation between Franklin Moderate and Wealthbuilder Moderate Balanced is -0.04 (i.e., Good diversification). The correlation of Franklin Moderate 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 Moderate Correlation With Market

Almost no diversification

The correlation between Franklin Moderate Allocation and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Moderate Allocation 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 Moderate Allocation. 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 gross domestic product.

Moving together with Franklin Mutual Fund

  0.99TEBIX Franklin Mutual BeaconPairCorr
  0.98TEDMX Templeton DevelopingPairCorr
  0.95TEDIX Franklin Mutual GlobalPairCorr
  0.86TEDSX Franklin Mutual GlobalPairCorr
  0.95TEDRX Franklin Mutual GlobalPairCorr
  0.9TEFRX Templeton ForeignPairCorr
  0.89TEFTX Templeton ForeignPairCorr
  0.73TEGBX Templeton Global BondPairCorr
  0.99TEGRX Templeton GrowthPairCorr
  0.96TEMFX Templeton ForeignPairCorr
  0.96TEMGX Templeton Global SmallerPairCorr
  0.99TEMEX Franklin Mutual BeaconPairCorr
  0.96TEMMX Templeton EmergingPairCorr
  0.98TEMIX Franklin Mutual EuropeanPairCorr
  0.98TEMWX Templeton WorldPairCorr
  0.77TEMTX Franklin Mutual SharesPairCorr
  0.89TEMQX Mutual QuestPairCorr
  0.86SAIFX Clearbridge Large CapPairCorr
  0.97SAGYX Clearbridge AggressivePairCorr
  0.96TEMZX Templeton EmergingPairCorr
  0.93FQEMX Franklin Templeton SmacsPairCorr
  0.89TEQIX Franklin Mutual QuestPairCorr
  0.99TEPLX Templeton GrowthPairCorr
  0.98TWDAX Templeton WorldPairCorr
  0.78TESIX Franklin Mutual SharesPairCorr
  0.9TESGX Templeton Global SmallerPairCorr
  0.77TESRX Franklin Mutual SharesPairCorr
  0.96LGGAX Clearbridge InternationalPairCorr
  0.97TEURX Franklin Mutual EuropeanPairCorr
  0.94LGIEX Qs International EquityPairCorr
  0.92TEWTX Templeton WorldPairCorr
  0.99SAPYX Clearbridge AppreciationPairCorr
  0.84SASMX Clearbridge Small CapPairCorr
  0.91WAADX Western Asset SmashPairCorr
  0.72WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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