Franklin Mutual Correlations

TESIX Fund

USD 26.54 0.17 0.64%

The current 90-days correlation between Franklin Mutual Shares and Templeton Growth Fund is 0.78 (i.e., 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 Shares 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 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 gross domestic product.

Moving together with Franklin Mutual Fund

0.86	CGRGX	American Funds Growth	Pair Corr
0.86	FPGGX	American Funds Growth	Pair Corr
0.86	FGPGX	American Funds Growth	Pair Corr
0.86	MUTHX	Franklin Mutual Shares	Pair Corr
0.86	TESRX	Franklin Mutual Shares	Pair Corr
0.86	FMSHX	Franklin Mutual Shares	Pair Corr
0.86	GWPCX	American Funds Growth	Pair Corr
0.86	GWPFX	American Funds Growth	Pair Corr
0.98	GWPAX	American Funds Growth	Pair Corr
0.98	CGQGX	American Funds Growth	Pair Corr
0.8	GAAKX	Gmo Alternative Allo	Pair Corr
0.86	GAAGX	Gmo Alternative Allo	Pair Corr
0.67	GPBFX	Gmo E Plus	Pair Corr
0.97	CVLOX	Calamos Global Growth	Pair Corr
0.92	MAUKX	Pioneer Multi Asset	Pair Corr
0.81	UIVMX	Mfs Intrinsic Value	Pair Corr
0.64	CVX	Chevron Corp Earnings Call This Week	Pair Corr

Moving against Franklin Mutual Fund

0.56	TRV	The Travelers Companies	Pair Corr
0.52	MCD	McDonalds	Pair Corr
0.37	VZ	Verizon Communications Aggressive Push	Pair Corr
0.36	WMT	Walmart	Pair Corr
0.31	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	TEPLX	TEDIX	FKINX	FRDPX	FKGRX
TEPLX		0.97	0.97	0.99	0.86	TEPLX
TEDIX	0.97		0.96	0.97	0.82	TEDIX
FKINX	0.97	0.96		0.98	0.83	FKINX
FRDPX	0.99	0.97	0.98		0.87	FRDPX
FKGRX	0.86	0.82	0.83	0.87		FKGRX
	TEPLX	TEDIX	FKINX	FRDPX	FKGRX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEPLX	0.47	0.08	0.01	0.36	0.00	(0.55)	1.29	(0.77)	3.30
TEDIX	0.50	(0.02)	(0.10)	0.20	0.47	(0.54)	1.15	(1.33)	3.17
FKINX	0.30	0.02	(0.25)	0.30	0.00	(0.47)	0.43	(0.43)	2.15
FRDPX	0.52	0.02	(0.09)	0.26	0.29	(0.63)	1.08	(0.80)	4.30
FKGRX	0.54	0.26	0.02	(5.41)	0.04	(0.67)	1.29	(0.83)	4.93

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC