Franklin Adjustable Correlations

FAUZX Fund

USD 7.54 0.01 0.13%

The current 90-days correlation between Franklin Adjustable and Harding Loevner Emerging is -0.02 (i.e., Good diversification). The correlation of Franklin Adjustable 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 Adjustable Correlation With Market

Average diversification

The correlation between Franklin Adjustable Government and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Adjustable Government 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 Adjustable Government. 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 together with Franklin Mutual Fund

0.61

EILDX

Eaton Vance Short

Pair Corr

Moving against Franklin Mutual Fund

0.54	FRGOX	Franklin Gold Precious	Pair Corr
0.51	FRBRX	Franklin Biotechnology	Pair Corr
0.39	TEGBX	Templeton Global Bond	Pair Corr
0.38	FREEX	Franklin Real Estate	Pair Corr
0.32	TEDIX	Franklin Mutual Global	Pair Corr
0.6	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.45	KO	Coca Cola Sell-off Trend	Pair Corr
0.32	VTISX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	HLEMX	APDOX	DBELX	BXECX	RYMDX	SEKRX	TEOJX
HLEMX		0.62	0.8	0.8	0.2	0.72	0.68	HLEMX
APDOX	0.62		0.31	0.41	0.58	0.15	0.13	APDOX
DBELX	0.8	0.31		0.96	-0.23	0.89	0.93	DBELX
BXECX	0.8	0.41	0.96		-0.05	0.8	0.86	BXECX
RYMDX	0.2	0.58	-0.23	-0.05		-0.26	-0.34	RYMDX
SEKRX	0.72	0.15	0.89	0.8	-0.26		0.97	SEKRX
TEOJX	0.68	0.13	0.93	0.86	-0.34	0.97		TEOJX
	HLEMX	APDOX	DBELX	BXECX	RYMDX	SEKRX	TEOJX

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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

TEOJX	+ 0.97	SEKRX
BXECX	+ 0.96	DBELX
TEOJX	+ 0.93	DBELX
SEKRX	+ 0.89	DBELX
TEOJX	+ 0.86	BXECX
DBELX	+ 0.8	HLEMX

High negative correlations

TEOJX	- 0.34	RYMDX
SEKRX	- 0.26	RYMDX
RYMDX	- 0.23	DBELX
RYMDX	- 0.05	BXECX

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Adjustable 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 Adjustable'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HLEMX	0.84	(0.34)	0.97	1.23	(1.82)	15.90
APDOX	0.15	(0.03)	(0.39)	0.29	(0.29)	1.54
DBELX	0.27	(0.12)	(2.02)	0.47	(0.68)	2.00
BXECX	0.19	(0.08)	(1.45)	0.26	(0.52)	1.45
RYMDX	1.03	(0.03)	(0.10)	2.42	(1.76)	12.00
SEKRX	0.62	(0.10)	(0.56)	1.57	(1.47)	4.23
TEOJX	0.59	(0.12)	(0.58)	1.21	(1.49)	3.65

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