Franklin Corefolio Correlations

Mutual Funds . USA . 
Fund . Franklin Efolio Allocation
FTCLX Fund  USD 23.68  0.05  0.21%   
The current 90-days correlation between Franklin Efolio Allo and Mesirow Financial High is 0.49 (i.e., Very weak diversification). The correlation of Franklin Corefolio 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 Corefolio Correlation With Market

Very poor diversification

The correlation between Franklin Efolio Allocation and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Efolio 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 Efolio 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 inflation.

Moving together with Franklin Mutual Fund

  0.7TEDIX Franklin Mutual GlobalPairCorr
  0.71TEDSX Franklin Mutual GlobalPairCorr
  0.7TEDRX Franklin Mutual GlobalPairCorr
  0.69TEFRX Templeton ForeignPairCorr
  0.69TEFTX Templeton ForeignPairCorr
  0.84TEGRX Templeton GrowthPairCorr
  0.69TEMFX Templeton ForeignPairCorr
  0.62TEMIX Franklin Mutual EuropeanPairCorr
  0.87TEMWX Templeton WorldPairCorr
  0.68TEMQX Mutual QuestPairCorr
  0.81SAIFX Clearbridge Large CapPairCorr
  0.83SAGYX Clearbridge AggressivePairCorr
  0.73TEQIX Franklin Mutual QuestPairCorr
  0.84TEPLX Templeton GrowthPairCorr
  0.83TWDAX Templeton WorldPairCorr
  0.81LGGAX Clearbridge InternationalPairCorr
  0.63TEURX Franklin Mutual EuropeanPairCorr
  0.81LGIEX Qs International EquityPairCorr
  0.88TEWTX Templeton WorldPairCorr
  0.89SAPYX Clearbridge AppreciationPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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