Franklin Small Correlations
FCSGX Fund | USD 14.15 0.28 2.02% |
The current 90-days correlation between Franklin Small Cap and The Hartford Inflation is 0.09 (i.e., Significant diversification). The correlation of Franklin Small 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 Small Correlation With Market
Significant diversification
The correlation between Franklin Small Cap and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Small Cap and DJI in the same portfolio, assuming nothing else is changed.
Franklin |
Moving together with Franklin Mutual Fund
0.83 | TEMGX | Templeton Global Smaller | PairCorr |
0.62 | TEMWX | Templeton World | PairCorr |
0.62 | SAIFX | Clearbridge Large Cap | PairCorr |
0.77 | SAGYX | Clearbridge Aggressive | PairCorr |
0.62 | TWDAX | Templeton World | PairCorr |
0.83 | TESGX | Templeton Global Smaller | PairCorr |
0.71 | SAPYX | Clearbridge Appreciation | PairCorr |
0.88 | SASMX | Clearbridge Small Cap | PairCorr |
Moving against Franklin Mutual Fund
0.49 | TEMIX | Franklin Mutual European | PairCorr |
0.43 | TEFRX | Templeton Foreign | PairCorr |
0.43 | TEFTX | Templeton Foreign | PairCorr |
0.43 | TEMFX | Templeton Foreign | PairCorr |
0.49 | TEURX | Franklin Mutual European | PairCorr |
0.57 | SBAYX | Western Asset Adjustable | PairCorr |
0.49 | WAARX | Western Asset Total | PairCorr |
0.48 | WAADX | Western Asset Smash | PairCorr |
0.44 | TFFAX | Templeton Foreign | PairCorr |
0.39 | WABAX | Western Asset E | PairCorr |
0.36 | WACPX | Western Asset E | PairCorr |
Related Correlations Analysis
0.99 | 0.98 | 0.95 | 0.99 | 0.99 | 0.99 | HIPAX | ||
0.99 | 0.97 | 0.96 | 1.0 | 1.0 | 1.0 | ABNCX | ||
0.98 | 0.97 | 0.93 | 0.97 | 0.97 | 0.97 | TILUX | ||
0.95 | 0.96 | 0.93 | 0.97 | 0.97 | 0.98 | APISX | ||
0.99 | 1.0 | 0.97 | 0.97 | 1.0 | 1.0 | ABNTX | ||
0.99 | 1.0 | 0.97 | 0.97 | 1.0 | 1.0 | ANBIX | ||
0.99 | 1.0 | 0.97 | 0.98 | 1.0 | 1.0 | TIIHX | ||
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Risk-Adjusted Indicators
There is a big difference between Franklin Mutual Fund performing well and Franklin Small 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 Small'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
HIPAX | 0.14 | 0.00 | 0.66 | (0.19) | 0.10 | 0.30 | 0.99 | |||
ABNCX | 0.15 | 0.00 | 0.73 | (0.23) | 0.11 | 0.30 | 0.90 | |||
TILUX | 0.23 | 0.01 | 0.49 | 0.58 | 0.22 | 0.49 | 1.24 | |||
APISX | 0.10 | 0.01 | 0.98 | (0.66) | 0.00 | 0.19 | 0.67 | |||
ABNTX | 0.15 | 0.01 | 0.67 | (0.70) | 0.09 | 0.30 | 0.99 | |||
ANBIX | 0.16 | 0.01 | 0.67 | (0.44) | 0.09 | 0.38 | 0.98 | |||
TIIHX | 0.16 | 0.01 | 0.73 | (0.31) | 0.09 | 0.29 | 1.04 |