Franklin Exponential Correlations

Etfs . USA . 
Etf . Franklin Exponential Data
XDAT Etf  USD 27.05  0.10  0.37%   
The current 90-days correlation between Franklin Exponential Data and Franklin Disruptive Commerce is 0.92 (i.e., Almost no diversification). The correlation of Franklin Exponential 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 Exponential Correlation With Market

Poor diversification

The correlation between Franklin Exponential Data and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Exponential Data and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Franklin Exponential Data. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

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Moving against Franklin Etf

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Related Correlations Analysis

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Franklin Exponential Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin Exponential ETF 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 Exponential'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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