Franklin Fund Correlations

Mutual Funds . USA . 
Fund . Franklin Fund Allocator
FCEEX Fund  USD 10.20  0.07  0.69%   
The current 90-days correlation between Franklin Fund Allocator and Allianzgi Convertible Income is 0.04 (i.e., Significant diversification). The correlation of Franklin Fund 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 Fund Correlation With Market

Average diversification

The correlation between Franklin Fund Allocator and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Fund Allocator 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 Fund Allocator. 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 income.

Moving together with Franklin Mutual Fund

  0.72VEMAX Vanguard Emerging MarketsPairCorr
  0.72VEIEX Vanguard Emerging MarketsPairCorr
  0.91VEMIX Vanguard Emerging MarketsPairCorr
  0.91VEMRX Vanguard Emerging MarketsPairCorr
  0.84FWWNX American Funds NewPairCorr
  0.84FNFWX American Funds NewPairCorr
  0.83NEWFX New World FundPairCorr
  0.84NWFFX New World FundPairCorr
  0.84NEWCX New World FundPairCorr
  0.92ODVYX Oppenheimer DevelopingPairCorr
  0.61DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr

Moving against Franklin Mutual Fund

  0.55CLM Cornerstone StrategicPairCorr
  0.52CII Blackrock EnhancedPairCorr
  0.48ETV Eaton Vance TaxPairCorr
  0.47ETY Eaton Vance TaxPairCorr
  0.38CRF Cornerstone StrategicPairCorr
  0.57AXP American Express Earnings Call This WeekPairCorr
  0.49JPM JPMorgan ChasePairCorr
  0.44WMT WalmartPairCorr
  0.34BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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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   
PBXIX
+ 0.85
XNCVX
XAVKX
+ 0.82
XNCVX
XAVKX
+ 0.82
PBXIX
  
High negative correlations   
CCD
- 0.41
XNCVX
CCD
- 0.39
PBXIX
XAVKX
- 0.25
CCD

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Fund 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 Fund'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.

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