Franklin Ethereum Correlations

EZET Etf

15.89 0.90 6.00%

The current 90-days correlation between Franklin Ethereum ETF and Grayscale Funds Trust is -0.02 (i.e., Good diversification). The correlation of Franklin Ethereum 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 Ethereum Correlation With Market

Significant diversification

The correlation between Franklin Ethereum ETF and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Ethereum ETF and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Franklin Etf

0.61	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.62	BITO	ProShares Bitcoin	Pair Corr
0.62	BLCN	Siren Nasdaq NexGen	Pair Corr
0.62	BITQ	Bitwise Crypto Industry	Pair Corr
0.61	BTC	Grayscale Bitcoin Mini	Pair Corr
0.62	DAPP	VanEck Digital Trans	Pair Corr
0.64	CRPT	First Trust SkyBridge	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr
0.69	DIS	Walt Disney	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.9	MSFT	Microsoft Aggressive Push	Pair Corr
0.61	HD	Home Depot	Pair Corr

Moving against Franklin Etf

0.54	GDXU	MicroSectors Gold Miners	Pair Corr
0.48	LEGR	First Trust Indxx	Pair Corr
0.44	MLPR	ETRACS Quarterly Pay	Pair Corr
0.91	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.89	T	ATT Inc Sell-off Trend	Pair Corr
0.85	VZ	Verizon Communications	Pair Corr
0.85	KO	Coca Cola	Pair Corr
0.72	MMM	3M Company	Pair Corr
0.71	GE	GE Aerospace	Pair Corr
0.71	IBM	International Business	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr
0.58	CSCO	Cisco Systems	Pair Corr
0.52	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.02	0.58	-0.53	0.3	0.43	0.28	0.9	-0.74	-0.03	META
MSFT	-0.02		-0.62	0.02	-0.8	0.7	0.89	0.13	0.43	-0.55	MSFT
UBER	0.58	-0.62		-0.28	0.81	-0.27	-0.53	0.51	-0.84	0.57	UBER
F	-0.53	0.02	-0.28		0.0	-0.09	-0.16	-0.37	0.51	0.36	F
T	0.3	-0.8	0.81	0.0		-0.59	-0.71	0.16	-0.65	0.6	T
A	0.43	0.7	-0.27	-0.09	-0.59		0.8	0.62	0.11	-0.34	A
CRM	0.28	0.89	-0.53	-0.16	-0.71	0.8		0.36	0.23	-0.61	CRM
JPM	0.9	0.13	0.51	-0.37	0.16	0.62	0.36		-0.63	0.06	JPM
MRK	-0.74	0.43	-0.84	0.51	-0.65	0.11	0.23	-0.63		-0.32	MRK
XOM	-0.03	-0.55	0.57	0.36	0.6	-0.34	-0.61	0.06	-0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.81	UBER
CRM	+ 0.8	A
A	+ 0.7	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.84	UBER
T	- 0.8	MSFT
MRK	- 0.74	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Franklin Ethereum Competition Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin Ethereum 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 Ethereum'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
META	1.63	0.04	0.02	0.00	2.27	(1.46)	2.96	(3.73)	8.90
MSFT	1.11	(0.18)	0.00	(0.29)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.40	0.18	0.75	2.03	(2.05)	4.72	(3.13)	12.75
F	1.44	0.14	0.06	0.09	2.12	(1.42)	2.71	(2.88)	10.14
T	0.99	0.29	0.19	0.56	1.43	(1.11)	1.90	(1.55)	11.66
A	1.16	(0.14)	0.00	(0.20)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.29)	0.00	(0.29)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.14	0.10	0.05	0.05	1.76	(1.09)	2.16	(3.35)	6.85
MRK	1.16	(0.11)	0.00	1.03	0.00	0.00	2.07	(1.80)	11.58
XOM	1.03	0.13	0.10	0.27	1.28	(1.06)	2.55	(2.36)	5.89

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