Franklin Resources Correlations

BEN Stock

USD 19.87 0.14 0.70%

The current 90-days correlation between Franklin Resources and Main Street Capital is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin Resources Correlation With Market

Weak diversification

The correlation between Franklin Resources and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Resources and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Franklin Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Franklin Stock, please use our How to Invest in Franklin Resources guide.

Moving together with Franklin Stock

0.82	APAM	Artisan Partners Asset	Pair Corr
0.71	BY	Byline Bancorp	Pair Corr

Related Correlations Analysis

	BLK	MAIN	BX	ARCC	JHG	STT	NTRS	PFG	IVZ	TROW
BLK		0.04	0.87	0.02	0.69	0.72	0.33	-0.49	0.68	0.87	BLK
MAIN	0.04		0.2	0.94	0.47	0.52	0.83	0.54	0.56	0.11	MAIN
BX	0.87	0.2		0.17	0.81	0.84	0.45	-0.47	0.73	0.93	BX
ARCC	0.02	0.94	0.17		0.37	0.44	0.8	0.62	0.47	0.07	ARCC
JHG	0.69	0.47	0.81	0.37		0.92	0.74	-0.19	0.95	0.81	JHG
STT	0.72	0.52	0.84	0.44	0.92		0.76	-0.13	0.9	0.83	STT
NTRS	0.33	0.83	0.45	0.8	0.74	0.76		0.42	0.83	0.4	NTRS
PFG	-0.49	0.54	-0.47	0.62	-0.19	-0.13	0.42		-0.03	-0.58	PFG
IVZ	0.68	0.56	0.73	0.47	0.95	0.9	0.83	-0.03		0.72	IVZ
TROW	0.87	0.11	0.93	0.07	0.81	0.83	0.4	-0.58	0.72		TROW
	BLK	MAIN	BX	ARCC	JHG	STT	NTRS	PFG	IVZ	TROW

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IVZ	+ 0.95	JHG
ARCC	+ 0.94	MAIN
TROW	+ 0.93	BX
STT	+ 0.92	JHG
IVZ	+ 0.9	STT
BX	+ 0.87	BLK

High negative correlations

TROW	- 0.58	PFG
PFG	- 0.49	BLK
PFG	- 0.47	BX
PFG	- 0.19	JHG
PFG	- 0.13	STT
IVZ	- 0.03	PFG

Risk-Adjusted Indicators

There is a big difference between Franklin Stock performing well and Franklin Resources Company 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 Resources' 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
BLK	1.18	(0.06)	0.00	(0.12)	0.00	0.00	3.14	(3.09)	10.93
MAIN	1.03	0.13	0.11	0.13	1.23	(1.04)	2.09	(1.96)	6.72
BX	1.72	(0.23)	0.00	(0.21)	0.00	0.00	2.72	(4.22)	8.36
ARCC	0.85	0.07	0.08	0.06	1.11	(0.84)	1.53	(1.94)	5.67
JHG	1.54	(0.15)	0.00	(0.19)	0.00	0.00	2.91	(4.00)	9.40
STT	1.20	(0.06)	0.00	(0.12)	0.00	0.00	2.38	(3.40)	9.98
NTRS	1.07	(0.01)	0.00	(0.07)	0.00	0.00	2.01	(2.88)	9.01
PFG	1.09	0.16	0.11	0.10	1.37	(1.13)	2.50	(2.52)	6.31
IVZ	1.66	(0.12)	0.00	(0.15)	0.00	0.00	2.80	(4.53)	14.13
TROW	1.18	(0.29)	0.00	(0.36)	0.00	0.00	1.91	(3.64)	6.99

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