Franklin Dynatech Correlations

Mutual Funds . USA . 
Fund . Franklin Dynatech Fund
FDYNX Fund  USD 143.79  1.72  1.21%   
The current 90-days correlation between Franklin Dynatech and Franklin Mutual Beacon is 0.24 (i.e., Modest diversification). The correlation of Franklin Dynatech 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 Dynatech Correlation With Market

Poor diversification

The correlation between Franklin Dynatech Fund and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Dynatech Fund 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 Dynatech Fund. 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 board of governors.

Moving against Franklin Mutual Fund

  0.76TEFRX Templeton ForeignPairCorr
  0.76TEFTX Templeton ForeignPairCorr
  0.76TEGBX Templeton Global BondPairCorr
  0.75TEMFX Templeton ForeignPairCorr
  0.68TEMMX Templeton EmergingPairCorr
  0.66TEDMX Templeton DevelopingPairCorr
  0.64TEMIX Franklin Mutual EuropeanPairCorr
  0.35TEDSX Franklin Mutual GlobalPairCorr
  0.31TEDIX Franklin Mutual GlobalPairCorr
  0.31TEDRX Franklin Mutual GlobalPairCorr
  0.68TEMZX Templeton EmergingPairCorr
  0.66TEURX Franklin Mutual EuropeanPairCorr
  0.63FQEMX Franklin Templeton SmacsPairCorr
  0.54LGIEX Qs International EquityPairCorr
  0.45LGGAX Clearbridge InternationalPairCorr
  0.75TFFAX Templeton ForeignPairCorr
  0.65WABAX Western Asset EPairCorr
  0.61FQTIX Franklin Strategic SeriesPairCorr
  0.58WAFAX Western Asset InflationPairCorr
  0.51TFESX International EquityPairCorr
  0.5TFEQX International EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Dynatech 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 Dynatech'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEBIX  0.54 (0.15) 0.00 (0.25) 0.00 
 0.00 
 0.83 
(1.05)
 6.52 
TEDMX  0.78 (0.05) 0.00 (0.21) 0.00 
 0.00 
 1.50 
(1.68)
 6.20 
TEDIX  0.62 (0.22) 0.00 (0.60) 0.00 
 0.00 
 0.85 
(1.05)
 10.42 
TEDSX  0.62 (0.22) 0.00 (0.56) 0.00 
 0.00 
 0.82 
(1.35)
 9.48 
TEDRX  0.62 (0.22) 0.00 (0.60) 0.00 
 0.00 
 0.84 
(1.08)
 10.33 
TEFRX  0.77 (0.17) 0.00 (0.54) 0.00 
 0.00 
 1.27 
(2.02)
 5.69 
TEFTX  0.76 (0.17) 0.00 (0.48) 0.00 
 0.00 
 1.37 
(1.97)
 5.54 
TEGBX  0.43 (0.19) 0.00 (6.08) 0.00 
 0.00 
 0.67 
(1.01)
 3.22 
TEGRX  0.57 (0.10) 0.00 (0.11) 0.00 
 0.00 
 0.99 
(0.94)
 4.35 
TEMFX  0.77 (0.18) 0.00 (0.56) 0.00 
 0.00 
 1.36 
(2.06)
 5.66 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY