Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Beacon
TEBIX Fund  USD 16.51  0.29  1.79%   
The current 90-days correlation between Franklin Mutual Beacon and Ab Bond Inflation is -0.19 (i.e., Good diversification). The correlation of Franklin Mutual 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 Mutual Correlation With Market

Significant diversification

The correlation between Franklin Mutual Beacon and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Beacon and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Franklin Mutual Beacon. 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

  0.97TEDRX Franklin Mutual GlobalPairCorr
  0.98DOXWX Dodge Cox GlobalPairCorr
  0.98DODWX Dodge Global StockPairCorr
  0.96TEDIX Franklin Mutual GlobalPairCorr
  0.96MDISX Franklin Mutual GlobalPairCorr
  0.91PRAFX T Rowe PricePairCorr
  1.0BEGRX Franklin Mutual BeaconPairCorr
  0.93PFN Pimco Income StrategyPairCorr
  0.68XDSMX Dreyfus StrategicPairCorr
  0.92CIF Mfs Intermediate HighPairCorr
  0.67XNXJX Nuveen New JerseyPairCorr
  0.75NXJ Nuveen New JerseyPairCorr
  0.96XPPRX Voya Prime RatePairCorr
  0.91PCF Putnam High IncomePairCorr
  0.72XNBHX Neuberger Berman IntPairCorr
  0.67XEDDX Morgan Stanley EmergingPairCorr
  0.75CEE Central Europe RussiaPairCorr
  0.66BA BoeingPairCorr
  0.78PFE Pfizer IncPairCorr
  0.76HPQ HP IncPairCorr
  0.74CAT CaterpillarPairCorr
  0.86DD Dupont De NemoursPairCorr
  0.79DIS Walt Disney Earnings Call TomorrowPairCorr
  0.69IBM International BusinessPairCorr
  0.64CVX Chevron CorpPairCorr
  0.89MMM 3M CompanyPairCorr
  0.74AA Alcoa Corp Earnings Call This WeekPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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