Franklin Correlations

Mutual Funds . USA . 
Fund . Franklin K2 Alternative
FAAAX Fund  USD 12.12  0.05  0.41%   
The current 90-days correlation between Franklin K2 Alternative and Franklin Mutual Beacon is 0.34 (i.e., Weak diversification). The correlation of Franklin 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 Correlation With Market

Very weak diversification

The correlation between Franklin K2 Alternative and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin K2 Alternative 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 K2 Alternative. 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 nation.

Moving against Franklin Mutual Fund

  0.8TEGBX Templeton Global BondPairCorr
  0.77TEFTX Templeton ForeignPairCorr
  0.76TEFRX Templeton ForeignPairCorr
  0.76TEMFX Templeton ForeignPairCorr
  0.66TEMMX Templeton EmergingPairCorr
  0.65TEMIX Franklin Mutual EuropeanPairCorr
  0.54TEDMX Templeton DevelopingPairCorr
  0.41TEDSX Franklin Mutual GlobalPairCorr
  0.34TEDRX Franklin Mutual GlobalPairCorr
  0.33TEDIX Franklin Mutual GlobalPairCorr
  0.66TEMZX Templeton EmergingPairCorr
  0.66TEURX Franklin Mutual EuropeanPairCorr
  0.61LGIEX Qs International EquityPairCorr
  0.6FQEMX Franklin Templeton SmacsPairCorr
  0.48LGGAX Clearbridge InternationalPairCorr
  0.76TFFAX Templeton ForeignPairCorr
  0.68WABAX Western Asset EPairCorr
  0.65FQTIX Franklin Strategic SeriesPairCorr
  0.61WAFAX Western Asset InflationPairCorr
  0.58TFESX International EquityPairCorr
  0.57TFEQX International EquityPairCorr

Related Correlations Analysis

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 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'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEBIX  0.54 (0.16) 0.00 (0.30) 0.00 
 0.00 
 0.83 
(1.05)
 4.25 
TEDMX  0.79 (0.06) 0.00 (0.24) 0.00 
 0.00 
 1.50 
(1.68)
 6.20 
TEDIX  0.63 (0.24) 0.00 (0.69) 0.00 
 0.00 
 0.85 
(1.05)
 3.61 
TEDSX  0.62 (0.24) 0.00 (0.63) 0.00 
 0.00 
 0.82 
(1.35)
 3.59 
TEDRX  0.63 (0.24) 0.00 (0.69) 0.00 
 0.00 
 0.84 
(1.08)
 3.55 
TEFRX  0.77 (0.20) 0.00 (0.68) 0.00 
 0.00 
 1.27 
(2.02)
 5.69 
TEFTX  0.77 (0.19) 0.00 (0.58) 0.00 
 0.00 
 1.37 
(1.97)
 5.54 
TEGBX  0.43 (0.19) 0.00 (6.62) 0.00 
 0.00 
 0.67 
(1.01)
 3.22 
TEGRX  0.56 (0.12) 0.00 (0.14) 0.00 
 0.00 
 0.99 
(0.94)
 4.35 
TEMFX  0.78 (0.21) 0.00 (0.67) 0.00 
 0.00 
 1.36 
(2.06)
 5.66 

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