Franklin Lifesmart Correlations
FLERX Fund | USD 14.44 0.03 0.21% |
The current 90-days correlation between Franklin Lifesmart 2030 and Balanced Allocation Fund is 0.22 (i.e., Modest diversification). The correlation of Franklin Lifesmart 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 Lifesmart Correlation With Market
Very weak diversification
The correlation between Franklin Lifesmart 2030 and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Lifesmart 2030 and DJI in the same portfolio, assuming nothing else is changed.
Franklin |
Moving together with Franklin Mutual Fund
0.69 | TEBIX | Franklin Mutual Beacon | PairCorr |
0.78 | TEGRX | Templeton Growth | PairCorr |
0.77 | TEMGX | Templeton Global Smaller | PairCorr |
0.68 | TEMEX | Franklin Mutual Beacon | PairCorr |
0.78 | TEMWX | Templeton World | PairCorr |
0.64 | TEMTX | Franklin Mutual Shares | PairCorr |
0.84 | TEMQX | Mutual Quest | PairCorr |
0.74 | FQCTX | Franklin Necticut Tax | PairCorr |
0.62 | SAIFX | Clearbridge Large Cap | PairCorr |
0.65 | SAGYX | Clearbridge Aggressive | PairCorr |
0.61 | FQCHX | Franklin Templeton Smacs | PairCorr |
0.85 | TEQIX | Franklin Mutual Quest | PairCorr |
0.78 | TEPLX | Templeton Growth | PairCorr |
0.78 | TWDAX | Templeton World | PairCorr |
0.64 | TESIX | Franklin Mutual Shares | PairCorr |
0.76 | TESGX | Templeton Global Smaller | PairCorr |
0.64 | TESRX | Franklin Mutual Shares | PairCorr |
0.79 | LGGAX | Clearbridge International | PairCorr |
0.64 | LGIEX | Qs International Equity | PairCorr |
0.74 | FQLAX | Franklin Louisiana Tax | PairCorr |
0.76 | TEWTX | Templeton World | PairCorr |
0.7 | SAPYX | Clearbridge Appreciation | PairCorr |
0.76 | SASMX | Clearbridge Small Cap | PairCorr |
0.75 | FQNCX | Franklin North Carolina | PairCorr |
0.74 | FQMDX | Franklin Maryland Tax | PairCorr |
0.75 | WAARX | Western Asset Total | PairCorr |
Moving against Franklin Mutual Fund
Related Correlations Analysis
0.9 | 0.89 | 0.86 | 0.27 | 0.79 | GBAYX | ||
0.9 | 0.99 | 0.94 | 0.26 | 0.91 | GGRYX | ||
0.89 | 0.99 | 0.91 | 0.19 | 0.87 | PBLIX | ||
0.86 | 0.94 | 0.91 | 0.46 | 0.96 | QGRIX | ||
0.27 | 0.26 | 0.19 | 0.46 | 0.57 | UPAAX | ||
0.79 | 0.91 | 0.87 | 0.96 | 0.57 | HBACX | ||
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Risk-Adjusted Indicators
There is a big difference between Franklin Mutual Fund performing well and Franklin Lifesmart 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 Lifesmart'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
GBAYX | 0.31 | (0.02) | 0.00 | (0.19) | 0.00 | 0.60 | 2.22 | |||
GGRYX | 0.42 | (0.02) | (0.05) | (0.03) | 0.58 | 0.86 | 3.17 | |||
PBLIX | 0.50 | (0.02) | (0.04) | (0.03) | 0.75 | 1.06 | 3.61 | |||
QGRIX | 0.39 | (0.02) | 0.00 | (0.05) | 0.00 | 0.72 | 3.29 | |||
UPAAX | 1.48 | 0.18 | 0.08 | 1.36 | 1.76 | 3.05 | 11.11 | |||
HBACX | 0.37 | 0.00 | (0.04) | 0.01 | 0.57 | 0.79 | 2.93 |