Franklin Income Correlations

FKIQX Fund

USD 2.38 0.01 0.42%

The current 90-days correlation between Franklin Income and Calvert Bond Portfolio is -0.06 (i.e., Good diversification). The correlation of Franklin Income 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 Income Correlation With Market

Modest diversification

The correlation between Franklin Income and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Income 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 Income. 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 producer price index.

Moving together with Franklin Mutual Fund

0.79	TEBIX	Franklin Mutual Beacon	Pair Corr
0.82	TEDMX	Templeton Developing	Pair Corr
0.64	TEDIX	Franklin Mutual Global	Pair Corr
0.64	TEDSX	Franklin Mutual Global	Pair Corr
0.63	TEDRX	Franklin Mutual Global	Pair Corr
0.85	TEFRX	Templeton Foreign	Pair Corr
0.81	TEFTX	Templeton Foreign	Pair Corr
0.79	TEGBX	Templeton Global Bond	Pair Corr
0.75	TEGRX	Templeton Growth	Pair Corr
0.85	TEMFX	Templeton Foreign	Pair Corr
0.78	TEMEX	Franklin Mutual Beacon	Pair Corr
0.84	TEMIX	Franklin Mutual European	Pair Corr
0.93	TEMQX	Mutual Quest	Pair Corr
0.93	TEQIX	Franklin Mutual Quest	Pair Corr
0.75	TEPLX	Templeton Growth	Pair Corr
0.89	LGGAX	Clearbridge International	Pair Corr
0.84	TEURX	Franklin Mutual European	Pair Corr
0.83	LGIEX	Qs International Equity	Pair Corr
0.84	WAARX	Western Asset Total	Pair Corr

Related Correlations Analysis

	CSBCX	RULFX	MBSAX	QLMYIX	TTRBX	PBNAX	CBOCX
CSBCX		0.73	0.96	0.85	0.98	0.99	0.95	CSBCX
RULFX	0.73		0.72	0.85	0.82	0.72	0.78	RULFX
MBSAX	0.96	0.72		0.87	0.95	0.96	0.95	MBSAX
QLMYIX	0.85	0.85	0.87		0.9	0.87	0.8	QLMYIX
TTRBX	0.98	0.82	0.95	0.9		0.98	0.94	TTRBX
PBNAX	0.99	0.72	0.96	0.87	0.98		0.93	PBNAX
CBOCX	0.95	0.78	0.95	0.8	0.94	0.93		CBOCX
	CSBCX	RULFX	MBSAX	QLMYIX	TTRBX	PBNAX	CBOCX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Income 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 Income'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
CSBCX	0.23	0.00	0.29	(0.10)	0.25	(0.26)	0.49	(0.41)	1.42
RULFX	0.04	0.01	0.00	2.68	0.00	0.00	0.10	(0.10)	0.60
MBSAX	0.18	(0.01)	0.31	0.18	0.24	(0.21)	0.36	(0.30)	1.34
QLMYIX	0.13	0.01	0.37	0.03	0.10	(0.22)	0.33	(0.33)	0.99
TTRBX	0.16	0.00	0.45	(0.03)	0.14	(0.20)	0.40	(0.30)	0.82
PBNAX	0.22	0.00	0.34	(0.02)	0.22	(0.27)	0.43	(0.43)	1.22
CBOCX	0.17	0.00	0.41	(0.05)	0.16	(0.20)	0.40	(0.32)	0.81

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Franklin Income Correlations

Franklin Income Correlation With Market

Modest diversification

Moving together with Franklin Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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