Franklin Low Correlations

FLDZX Fund

USD 8.98 0.00 0.00%

The current 90-days correlation between Franklin Low Duration and Abr 7525 Volatility is -0.04 (i.e., Good 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 0.13 (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 nation.

Moving together with Franklin Mutual Fund

0.69	TEGBX	Templeton Global Bond	Pair Corr
0.69	TEMGX	Templeton Global Smaller	Pair Corr
0.64	TEMMX	Templeton Emerging	Pair Corr
0.65	TEMIX	Franklin Mutual European	Pair Corr
0.75	FQCTX	Franklin Necticut Tax	Pair Corr
0.65	TEMZX	Templeton Emerging	Pair Corr
0.78	FQCHX	Franklin Templeton Smacs	Pair Corr
0.7	TESGX	Templeton Global Smaller	Pair Corr
0.75	LGGAX	Clearbridge International	Pair Corr
0.65	TEURX	Franklin Mutual European	Pair Corr
0.65	LGIEX	Qs International Equity	Pair Corr
0.67	FQLAX	Franklin Louisiana Tax	Pair Corr
0.77	FQNCX	Franklin North Carolina	Pair Corr
0.73	FQMDX	Franklin Maryland Tax	Pair Corr
0.78	WAARX	Western Asset Total	Pair Corr

Moving against Franklin Mutual Fund

0.31

WAADX

Western Asset Smash

Pair Corr

Related Correlations Analysis

	VOLJX	TWBIX	XMHFX	LTFXX	OPTCX	LMUSX	TMVAX	IAADX
VOLJX		0.9	-0.06	0.0	0.88	0.91	0.71	-0.07	VOLJX
TWBIX	0.9		0.29	0.0	0.66	0.83	0.73	0.29	TWBIX
XMHFX	-0.06	0.29		0.0	-0.4	-0.11	0.18	0.91	XMHFX
LTFXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	LTFXX
OPTCX	0.88	0.66	-0.4	0.0		0.88	0.6	-0.4	OPTCX
LMUSX	0.91	0.83	-0.11	0.0	0.88		0.84	-0.18	LMUSX
TMVAX	0.71	0.73	0.18	0.0	0.6	0.84		0.07	TMVAX
IAADX	-0.07	0.29	0.91	0.0	-0.4	-0.18	0.07		IAADX
	VOLJX	TWBIX	XMHFX	LTFXX	OPTCX	LMUSX	TMVAX	IAADX

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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

LMUSX	+ 0.91	VOLJX
IAADX	+ 0.91	XMHFX
TWBIX	+ 0.9	VOLJX
OPTCX	+ 0.88	VOLJX
LMUSX	+ 0.88	OPTCX
TMVAX	+ 0.84	LMUSX

High negative correlations

IAADX	- 0.4	OPTCX
OPTCX	- 0.4	XMHFX
IAADX	- 0.18	LMUSX
LMUSX	- 0.11	XMHFX
IAADX	- 0.07	VOLJX
XMHFX	- 0.06	VOLJX

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
VOLJX	0.77	0.02	0.00	0.26	1.22	(0.74)	1.44	(2.02)	6.06
TWBIX	0.37	(0.01)	0.00	(0.09)	0.00	0.00	0.70	(0.89)	3.25
XMHFX	0.20	(0.05)	0.00	(1.13)	0.00	0.00	0.42	(0.55)	1.67
LTFXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OPTCX	0.15	0.03	0.04	0.84	0.00	(0.22)	0.32	(0.21)	1.35
LMUSX	0.66	0.04	0.02	0.12	1.10	(0.66)	1.10	(1.49)	6.37
TMVAX	0.96	(0.05)	0.00	0.61	0.00	0.00	1.96	(1.73)	16.02
IAADX	0.16	(0.05)	0.00	(1.37)	0.00	0.00	0.22	(0.33)	1.55

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