Franklin High Correlations

Mutual Funds . USA . 
Fund . Franklin High Yield
FHYIX Fund  USD 9.11  0.02  0.22%   
The current 90-days correlation between Franklin High Yield and Franklin Real Estate is 0.27 (i.e., Modest diversification). The correlation of Franklin High 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 High Correlation With Market

Average diversification

The correlation between Franklin High Yield and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin High Yield 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 High Yield. 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 gross domestic product.

Moving together with Franklin Mutual Fund

  0.67TEDMX Templeton DevelopingPairCorr
  0.69TEDIX Franklin Mutual GlobalPairCorr
  0.69TEDRX Franklin Mutual GlobalPairCorr
  0.67TEFRX Templeton ForeignPairCorr
  0.68TEFTX Templeton ForeignPairCorr
  0.78TEGBX Templeton Global BondPairCorr
  0.68TEMFX Templeton ForeignPairCorr
  0.76TEMEX Franklin Mutual BeaconPairCorr
  0.7TEMIX Franklin Mutual EuropeanPairCorr
  0.98FQCHX Franklin Templeton SmacsPairCorr
  0.72TEQIX Franklin Mutual QuestPairCorr
  0.7TEURX Franklin Mutual EuropeanPairCorr
  0.62FQTEX Franklin Strategic SeriesPairCorr
  0.87WACPX Western Asset EPairCorr
  0.85WAFAX Western Asset InflationPairCorr
  0.67TFFAX Templeton ForeignPairCorr
  0.73SBAYX Western Asset AdjustablePairCorr
  0.85WAIIX Western Asset InflationPairCorr
  0.68SBIYX Clearbridge InternationalPairCorr
  0.97FRCOX Franklin Orado TaxPairCorr
  0.85FRCTX Franklin California TaxPairCorr
  0.94FRFTX Franklin Federal TaxPairCorr

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 High 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 High'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.

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