Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Shares
TEMTX Fund  USD 24.73  0.16  0.65%   
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

Good diversification

The correlation between Franklin Mutual Shares and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Shares 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 Shares. 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 estimate.

Moving together with Franklin Mutual Fund

  0.95TEBIX Franklin Mutual BeaconPairCorr
  0.82TEDMX Templeton DevelopingPairCorr
  0.81TEDIX Franklin Mutual GlobalPairCorr
  0.9TEDSX Franklin Mutual GlobalPairCorr
  0.81TEDRX Franklin Mutual GlobalPairCorr
  0.81TEFRX Templeton ForeignPairCorr
  0.82TEFTX Templeton ForeignPairCorr
  0.91TEGRX Templeton GrowthPairCorr
  0.81TEMFX Templeton ForeignPairCorr
  0.95TEMGX Templeton Global SmallerPairCorr
  0.95TEMEX Franklin Mutual BeaconPairCorr
  0.88TEMWX Templeton WorldPairCorr
  0.97TEMQX Mutual QuestPairCorr
  0.77FQCTX Franklin Necticut TaxPairCorr
  0.98SAIFX Clearbridge Large CapPairCorr
  0.79SAGYX Clearbridge AggressivePairCorr
  0.75FQCHX Franklin Templeton SmacsPairCorr
  0.86FQEMX Franklin Templeton SmacsPairCorr
  0.97TEQIX Franklin Mutual QuestPairCorr
  0.92TEPLX Templeton GrowthPairCorr
  0.96TWDAX Templeton WorldPairCorr
  1.0TESIX Franklin Mutual SharesPairCorr
  0.95TESGX Templeton Global SmallerPairCorr
  1.0TESRX Franklin Mutual SharesPairCorr
  0.69LGGAX Clearbridge InternationalPairCorr
  0.67FQLAX Franklin Louisiana TaxPairCorr
  0.96TEWTX Templeton WorldPairCorr
  0.91SAPYX Clearbridge AppreciationPairCorr
  0.9SASMX Clearbridge Small CapPairCorr
  0.77FQNCX Franklin North CarolinaPairCorr
  0.76FQMDX Franklin Maryland TaxPairCorr

Moving against Franklin Mutual Fund

  0.38TEGBX Templeton Global BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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