Franklin Small Correlations

Mutual Funds . USA . 
Fund . Franklin Small Cap
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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Small Cap. 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 price.

Moving together with Franklin Mutual Fund

  0.83TEMGX Templeton Global SmallerPairCorr
  0.62TEMWX Templeton WorldPairCorr
  0.62SAIFX Clearbridge Large CapPairCorr
  0.77SAGYX Clearbridge AggressivePairCorr
  0.62TWDAX Templeton WorldPairCorr
  0.83TESGX Templeton Global SmallerPairCorr
  0.71SAPYX Clearbridge AppreciationPairCorr
  0.88SASMX Clearbridge Small CapPairCorr

Moving against Franklin Mutual Fund

  0.49TEMIX Franklin Mutual EuropeanPairCorr
  0.43TEFRX Templeton ForeignPairCorr
  0.43TEFTX Templeton ForeignPairCorr
  0.43TEMFX Templeton ForeignPairCorr
  0.49TEURX Franklin Mutual EuropeanPairCorr
  0.57SBAYX Western Asset AdjustablePairCorr
  0.49WAARX Western Asset TotalPairCorr
  0.48WAADX Western Asset SmashPairCorr
  0.44TFFAX Templeton ForeignPairCorr
  0.39WABAX Western Asset EPairCorr
  0.36WACPX Western Asset EPairCorr

Related Correlations Analysis

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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.

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