Franklin Adjustable Correlations

FISAX Fund

USD 7.56 0.01 0.13%

The current 90-days correlation between Franklin Adjustable and Global Diversified Income is 0.29 (i.e., Modest diversification). The correlation of Franklin Adjustable 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 Adjustable Correlation With Market

Very good diversification

The correlation between Franklin Adjustable Government and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Adjustable Government 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 Adjustable Government. 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 nation.

Moving together with Franklin Mutual Fund

0.78	TEDMX	Templeton Developing	Pair Corr
0.84	TEDIX	Franklin Mutual Global	Pair Corr
0.84	TEDRX	Franklin Mutual Global	Pair Corr
0.89	TEFRX	Templeton Foreign	Pair Corr
0.89	TEFTX	Templeton Foreign	Pair Corr
0.89	TEMFX	Templeton Foreign	Pair Corr
0.75	TEMEX	Franklin Mutual Beacon	Pair Corr
0.61	FQCHX	Franklin Templeton Smacs	Pair Corr
0.82	TEQIX	Franklin Mutual Quest	Pair Corr
0.93	TEURX	Franklin Mutual European	Pair Corr
0.91	WACPX	Western Asset E	Pair Corr
0.9	WAFAX	Western Asset Inflation	Pair Corr
0.99	SBAYX	Western Asset Adjustable	Pair Corr
0.91	SBIYX	Clearbridge International	Pair Corr
0.88	FRGOX	Franklin Gold Precious Steady Growth	Pair Corr
0.76	SBTYX	Western Asset Interm	Pair Corr

Moving against Franklin Mutual Fund

0.71	FRAAX	Franklin Growth Oppo	Pair Corr
0.44	FRDPX	Franklin Rising Dividends	Pair Corr
0.72	FRGSX	Franklin Growth Potential Growth	Pair Corr
0.68	SBLGX	Clearbridge Large Cap	Pair Corr
0.67	FRSGX	Franklin Small Mid	Pair Corr
0.66	SBMAX	Clearbridge Mid Cap	Pair Corr
0.65	FRVLX	Franklin Small Cap	Pair Corr
0.55	SBSPX	Qs Sp 500	Pair Corr
0.52	SBPYX	Clearbridge Small Cap	Pair Corr
0.43	FRDAX	Franklin Rising Dividends	Pair Corr
0.43	FRISX	Franklin Rising Dividends	Pair Corr
0.33	FRETX	Franklin Equity Income	Pair Corr

Related Correlations Analysis

	PGBAX	DLTZX	HIIDX	EIIMX	TIICX	PQCNX	MDBLX	CDBCX
PGBAX		0.93	0.9	0.93	0.79	0.94	0.95	0.94	PGBAX
DLTZX	0.93		0.88	0.95	0.62	0.97	0.96	0.96	DLTZX
HIIDX	0.9	0.88		0.94	0.76	0.87	0.88	0.86	HIIDX
EIIMX	0.93	0.95	0.94		0.68	0.96	0.95	0.95	EIIMX
TIICX	0.79	0.62	0.76	0.68		0.62	0.63	0.63	TIICX
PQCNX	0.94	0.97	0.87	0.96	0.62		0.99	1.0	PQCNX
MDBLX	0.95	0.96	0.88	0.95	0.63	0.99		0.99	MDBLX
CDBCX	0.94	0.96	0.86	0.95	0.63	1.0	0.99		CDBCX
	PGBAX	DLTZX	HIIDX	EIIMX	TIICX	PQCNX	MDBLX	CDBCX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Adjustable 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 Adjustable'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
PGBAX	0.14	0.00	0.13	(0.09)	0.14	(0.18)	0.34	(0.25)	0.85
DLTZX	0.08	0.01	0.26	1.22	0.00	(0.18)	0.26	(0.13)	0.64
HIIDX	0.59	0.12	0.15	0.17	0.66	(0.62)	1.27	(0.88)	5.23
EIIMX	0.29	0.05	0.19	0.65	0.19	(0.38)	0.63	(0.47)	1.91
TIICX	0.36	0.02	0.12	(0.30)	0.32	(0.46)	0.78	(0.58)	1.57
PQCNX	0.24	0.02	0.16	0.50	0.18	(0.30)	0.59	(0.46)	1.43
MDBLX	0.22	0.02	0.18	0.32	0.12	(0.30)	0.50	(0.37)	1.38
CDBCX	0.23	0.02	0.14	0.39	0.19	(0.29)	0.56	(0.44)	1.34

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