Franklin FTSE Correlations

FLCA Etf

USD 36.89 0.17 0.46%

The current 90-days correlation between Franklin FTSE Canada and Franklin FTSE Australia is 0.66 (i.e., Poor diversification). The correlation of Franklin FTSE 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.

Franklin FTSE Correlation With Market

Average diversification

The correlation between Franklin FTSE Canada and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin FTSE Canada 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 FTSE Canada. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Franklin Etf

0.99	BBCA	JPMorgan BetaBuilders Low Volatility	Pair Corr
0.99	EWC	iShares MSCI Canada	Pair Corr
0.87	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.69	PG	Procter Gamble	Pair Corr
0.75	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.7	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.66	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Franklin Etf

0.61	WTID	UBS ETRACS	Pair Corr
0.41	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	FLAU	FLGR	FLGB	FLJP	FLIY
FLAU		0.38	0.78	0.55	-0.64	FLAU
FLGR	0.38		0.83	0.7	0.02	FLGR
FLGB	0.78	0.83		0.7	-0.28	FLGB
FLJP	0.55	0.7	0.7		-0.11	FLJP
FLIY	-0.64	0.02	-0.28	-0.11		FLIY
	FLAU	FLGR	FLGB	FLJP	FLIY

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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

FLGB	+ 0.83	FLGR
FLGB	+ 0.78	FLAU
FLJP	+ 0.7	FLGR
FLJP	+ 0.7	FLGB
FLJP	+ 0.55	FLAU
FLGR	+ 0.38	FLAU

High negative correlations

FLIY	- 0.64	FLAU
FLIY	- 0.28	FLGB
FLIY	- 0.11	FLJP

Franklin FTSE Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin FTSE ETF 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 FTSE'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
FLAU	0.69	(0.14)	0.00	(0.59)	0.00	0.00	1.31	(1.53)	6.25
FLGR	0.70	(0.05)	0.00	(1.21)	0.00	0.00	1.39	(1.49)	4.13
FLGB	0.58	(0.09)	0.00	(1.80)	0.00	0.00	0.93	(1.15)	3.28
FLJP	0.68	(0.07)	0.00	(0.41)	0.00	0.00	1.35	(1.61)	5.23
FLIY	0.87	0.10	0.08	(3.63)	0.96	(0.93)	1.70	(1.84)	4.58

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