Franklin Mutual Correlations

Mutual Funds USA . 
Fund . Franklin Mutual Quest
TEQIX Fund  USD 15.08  0.07  0.47%   
The current 90-days correlation between Franklin Mutual Quest and Morningstar Unconstrained Allocation is 0.84 (i.e., Very poor 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

Very poor diversification

The correlation between Franklin Mutual Quest and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Quest 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 Quest. 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

  0.84TEBIX Franklin Mutual BeaconPairCorr
  0.72TEDIX Franklin Mutual GlobalPairCorr
  0.69TEDSX Franklin Mutual GlobalPairCorr
  0.71TEDRX Franklin Mutual GlobalPairCorr
  0.76TEGRX Templeton GrowthPairCorr
  0.65TEMGX Templeton Global SmallerPairCorr
  0.83TEMEX Franklin Mutual BeaconPairCorr
  0.73TEMWX Templeton WorldPairCorr
  0.69TEMTX Franklin Mutual SharesPairCorr
  1.0TEMQX Mutual QuestPairCorr
  0.63SAIFX Clearbridge Large CapPairCorr
  0.77TEPLX Templeton GrowthPairCorr
  0.73TWDAX Templeton WorldPairCorr
  0.69TESIX Franklin Mutual SharesPairCorr
  0.63TESGX Templeton Global SmallerPairCorr
  0.69TESRX Franklin Mutual SharesPairCorr
  0.73TEWTX Templeton WorldPairCorr
  0.63SAPYX Clearbridge AppreciationPairCorr
  0.66SASMX Clearbridge Small CapPairCorr

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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