Franklin Growth Correlations

Mutual Funds . USA . 
Fund . Franklin Growth Fund
FGSRX Fund  USD 133.03  1.77  1.35%   
The current 90-days correlation between Franklin Growth and Lord Abbett Diversified is 0.45 (i.e., Very weak diversification). The correlation of Franklin Growth 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 Growth Correlation With Market

Significant diversification

The correlation between Franklin Growth Fund and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Growth 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 Growth 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

  0.95TEBIX Franklin Mutual BeaconPairCorr
  0.89TEDIX Franklin Mutual GlobalPairCorr
  0.89TEDSX Franklin Mutual GlobalPairCorr
  0.89TEDRX Franklin Mutual GlobalPairCorr
  0.81TEGRX Templeton GrowthPairCorr
  0.85TEMGX Templeton Global SmallerPairCorr
  0.94TEMEX Franklin Mutual BeaconPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.94TEMTX Franklin Mutual SharesPairCorr
  0.93TEMQX Mutual QuestPairCorr
  0.95SAIFX Clearbridge Large CapPairCorr
  0.81SAGYX Clearbridge AggressivePairCorr
  0.93TEQIX Franklin Mutual QuestPairCorr
  0.81TEPLX Templeton GrowthPairCorr
  0.97TWDAX Templeton WorldPairCorr
  0.94TESIX Franklin Mutual SharesPairCorr
  0.83TESGX Templeton Global SmallerPairCorr
  0.94TESRX Franklin Mutual SharesPairCorr
  0.66LGIEX Qs International EquityPairCorr
  0.97TEWTX Templeton WorldPairCorr
  0.79SAPYX Clearbridge AppreciationPairCorr
  0.78SASMX Clearbridge Small CapPairCorr
  0.76WAARX Western Asset TotalPairCorr

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   
TSRPX
+ 0.96
TRHBX
DSCPX
+ 0.85
LIGFX
FARIX
+ 0.83
LIGFX
TRHBX
+ 0.81
LIGFX
DSCPX
+ 0.77
TRHBX
FARIX
+ 0.77
TRHBX
  
High negative correlations   
JDJRX
- 0.47
TSRPX
JDJRX
- 0.38
TRHBX
JDJRX
- 0.03
DSCPX
JDJRX
- 0.0
GUDAX
GUDAX
- 0.0
FARIX
GUDAX
- 0.0
DSCPX

Risk-Adjusted Indicators

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