Franklin Low Correlations

FLDCX Fund

USD 8.92 0.01 0.11%

The current 90-days correlation between Franklin Low Duration and Pfg American Funds is 0.43 (i.e., Very weak diversification). The correlation of Franklin Low 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 Low Correlation With Market

Average diversification

The correlation between Franklin Low Duration and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Low Duration 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 Low Duration. 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 main economic indicators.

Moving together with Franklin Mutual Fund

0.65	TEDMX	Templeton Developing	Pair Corr
0.83	TEFRX	Templeton Foreign	Pair Corr
0.81	TEFTX	Templeton Foreign	Pair Corr
0.69	TEGBX	Templeton Global Bond	Pair Corr
0.83	TEMFX	Templeton Foreign	Pair Corr
0.91	TEMIX	Franklin Mutual European	Pair Corr
0.81	TEMQX	Mutual Quest	Pair Corr
0.81	TEQIX	Franklin Mutual Quest	Pair Corr
0.72	LGGAX	Clearbridge International	Pair Corr
0.91	TEURX	Franklin Mutual European	Pair Corr
0.8	LGIEX	Qs International Equity	Pair Corr
0.94	WAARX	Western Asset Total	Pair Corr

Moving against Franklin Mutual Fund

0.54	TEMMX	Templeton Emerging	Pair Corr
0.45	TEMGX	Templeton Global Smaller	Pair Corr
0.53	TEMZX	Templeton Emerging	Pair Corr
0.47	TESGX	Templeton Global Smaller	Pair Corr
0.38	SAGYX	Clearbridge Aggressive	Pair Corr
0.34	SAIFX	Clearbridge Large Cap	Pair Corr
0.41	SASMX	Clearbridge Small Cap	Pair Corr

Related Correlations Analysis

	PFCOX	MXDPX	SSTDX	FHCOX	GPTCX	WDIAX	PGBAX
PFCOX		0.81	0.96	0.65	0.89	0.72	0.94	PFCOX
MXDPX	0.81		0.83	0.32	0.91	0.81	0.75	MXDPX
SSTDX	0.96	0.83		0.73	0.84	0.66	0.98	SSTDX
FHCOX	0.65	0.32	0.73		0.45	0.38	0.73	FHCOX
GPTCX	0.89	0.91	0.84	0.45		0.92	0.75	GPTCX
WDIAX	0.72	0.81	0.66	0.38	0.92		0.55	WDIAX
PGBAX	0.94	0.75	0.98	0.73	0.75	0.55		PGBAX
	PFCOX	MXDPX	SSTDX	FHCOX	GPTCX	WDIAX	PGBAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Low 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 Low'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
PFCOX	0.18	0.01	0.00	(0.07)	0.00	0.00	0.42	(0.41)	1.16
MXDPX	0.30	(0.05)	0.00	0.45	0.00	0.00	0.63	(0.73)	1.72
SSTDX	0.14	(0.01)	0.44	0.22	0.17	(0.19)	0.29	(0.29)	0.87
FHCOX	0.05	0.01	0.00	(0.53)	0.00	0.00	0.10	(0.10)	0.51
GPTCX	0.32	0.01	0.00	(0.08)	0.00	0.00	0.62	(0.62)	1.79
WDIAX	0.66	0.02	0.00	(0.08)	0.00	0.00	1.23	(1.48)	3.64
PGBAX	0.14	(0.01)	0.56	0.12	0.14	(0.18)	0.34	(0.25)	0.85

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