Franklin BSP Correlations

FBRT Stock

USD 13.01 0.13 0.99%

The current 90-days correlation between Franklin BSP Realty and Ladder Capital Corp is 0.73 (i.e., Poor diversification). The correlation of Franklin BSP 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 BSP Correlation With Market

Very weak diversification

The correlation between Franklin BSP Realty and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin BSP Realty 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 BSP Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Franklin Stock

0.8	V	Visa Class A	Pair Corr
0.81	DB	Deutsche Bank AG	Pair Corr
0.79	LU	Lufax Holding	Pair Corr
0.84	LX	Lexinfintech Holdings	Pair Corr
0.61	MA	Mastercard	Pair Corr
0.89	XP	Xp Inc	Pair Corr
0.78	DMYY	dMY Squared Technology	Pair Corr
0.79	DOMH	Dominari Holdings Earnings Call This Week	Pair Corr
0.63	WSBF	Waterstone Financial	Pair Corr
0.93	ARI	Apollo Commercial Real	Pair Corr

Moving against Franklin Stock

0.78	LC	LendingClub Corp	Pair Corr
0.67	WT	WisdomTree	Pair Corr
0.64	BX	Blackstone Group	Pair Corr
0.63	WD	Walker Dunlop	Pair Corr
0.52	CG	Carlyle Group	Pair Corr
0.49	MC	Moelis	Pair Corr
0.47	PX	P10 Inc	Pair Corr
0.42	DHIL	Diamond Hill Investment	Pair Corr
0.41	SF	Stifel Financial	Pair Corr
0.84	GREE	Greenidge Generation	Pair Corr
0.8	VRTS	Virtus Investment	Pair Corr
0.75	HPH	Highest Performances	Pair Corr
0.75	TPG	TPG Inc	Pair Corr
0.74	WULF	Terawulf	Pair Corr
0.73	LGHLW	Lion Financial Group	Pair Corr
0.64	SYF	Synchrony Financial	Pair Corr
0.61	GSIW	Garden Stage Limited	Pair Corr
0.58	BLK	BlackRock	Pair Corr

Related Correlations Analysis

	AGNCN	NREF	AJX	LADR	ARI	TRTX	CHMI	KREF	NLY-PF
AGNCN		0.14	0.0	0.41	0.66	-0.02	0.78	0.42	0.88	AGNCN
NREF	0.14		0.0	0.66	0.5	0.5	0.21	0.58	0.39	NREF
AJX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AJX
LADR	0.41	0.66	0.0		0.83	0.51	0.71	0.87	0.64	LADR
ARI	0.66	0.5	0.0	0.83		0.24	0.86	0.81	0.83	ARI
TRTX	-0.02	0.5	0.0	0.51	0.24		0.07	0.52	0.07	TRTX
CHMI	0.78	0.21	0.0	0.71	0.86	0.07		0.73	0.82	CHMI
KREF	0.42	0.58	0.0	0.87	0.81	0.52	0.73		0.58	KREF
NLY-PF	0.88	0.39	0.0	0.64	0.83	0.07	0.82	0.58		NLY-PF
	AGNCN	NREF	AJX	LADR	ARI	TRTX	CHMI	KREF	NLY-PF

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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

NLY-PF	+ 0.88	AGNCN
KREF	+ 0.87	LADR
CHMI	+ 0.86	ARI
ARI	+ 0.83	LADR
NLY-PF	+ 0.83	ARI
NLY-PF	+ 0.82	CHMI

High negative correlations

TRTX	- 0.02	AGNCN
NLY-PF	- 0.0	AJX
KREF	- 0.0	AJX
CHMI	- 0.0	AJX
TRTX	- 0.0	AJX
ARI	- 0.0	AJX

Risk-Adjusted Indicators

There is a big difference between Franklin Stock performing well and Franklin BSP 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 BSP'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
AGNCN	0.25	0.07	0.40	12.17	0.05	(0.32)	0.58	(0.43)	2.62
NREF	1.09	(0.01)	0.00	(0.08)	0.00	0.00	2.02	(3.09)	7.47
AJX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LADR	0.90	0.02	0.00	(0.03)	0.00	0.00	1.90	(2.04)	6.66
ARI	1.14	0.21	0.18	0.21	1.11	(1.46)	2.56	(1.71)	11.61
TRTX	1.03	(0.02)	0.00	(0.10)	0.00	0.00	1.92	(2.16)	8.19
CHMI	1.62	0.62	0.34	0.59	1.24	(2.07)	4.18	(2.79)	13.99
KREF	1.42	0.09	0.06	0.03	1.65	(1.50)	2.72	(2.30)	12.73
NLY-PF	0.27	0.07	0.32	6.64	0.17	(0.32)	0.66	(0.59)	2.23

Franklin BSP Corporate Management

Elizabeth Tuppeny	Lead Independent Director	Profile
Michelle Goolsby	Independent Director	Profile
Michael Oneil	Independent Director	Profile
Peter McDonough	Independent Director	Profile
Patsy Augustine	Independent Director	Profile
Aaron Derby	Managing Director	Profile

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