Franklin Real Correlations

Mutual Funds . USA . 
Fund . Franklin Real Estate
FREEX Fund  USD 17.04  0.24  1.43%   
The current 90-days correlation between Franklin Real Estate and Franklin Natural Resources is 0.76 (i.e., Poor diversification). The correlation of Franklin Real 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 Real Correlation With Market

Significant diversification

The correlation between Franklin Real Estate and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Real Estate 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 Real Estate. 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 income.

Moving together with Franklin Mutual Fund

  0.99VGSIX Vanguard Reit IndexPairCorr
  0.99VGSLX Vanguard Reit IndexPairCorr
  0.99VGSNX Vanguard Reit IndexPairCorr
  1.0DFREX Dfa Real EstatePairCorr
  1.0CSCIX Cohen Steers RealPairCorr
  1.0CSEIX Cohen Steers RealPairCorr
  0.99CSDIX Cohen Steers RealPairCorr
  0.99VRTPX Vanguard Reit IiPairCorr
  1.0CSRIX Cohen And SteersPairCorr
  0.99PIREX Real Estate SecuritiesPairCorr
  0.62SMPIX Semiconductor UltrasectorPairCorr
  0.62SMPSX Semiconductor UltrasectorPairCorr
  0.76MLPNX Oppenheimer Steelpath MlpPairCorr
  0.76MLPLX Oppenheimer Steelpath MlpPairCorr
  0.76MLPMX Oppenheimer Steelpath MlpPairCorr
  0.83LSHUX Horizon Spin OffPairCorr
  0.83LSHEX Kinetics Spin OffPairCorr
  0.83LSHAX Horizon Spin OffPairCorr
  0.7RSNYX Victory Global NaturalPairCorr
  0.8EMO Clearbridge Energy MlpPairCorr
  0.66CEE Central Europe RussiaPairCorr
  0.65BA BoeingPairCorr
  0.65AA Alcoa Corp Earnings Call This WeekPairCorr
  0.65AXP American ExpressPairCorr
  0.68IBM International BusinessPairCorr
  0.75BAC Bank of AmericaPairCorr
  0.61MRK Merck CompanyPairCorr
  0.79MMM 3M CompanyPairCorr
  0.8DD Dupont De NemoursPairCorr
  0.7CAT CaterpillarPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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