Franklin FTSE Correlations

FLHK Etf

USD 18.10 0.15 0.82%

The current 90-days correlation between Franklin FTSE Hong and Franklin FTSE China is 0.82 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin FTSE Hong moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin FTSE Correlation With Market

Significant diversification

The correlation between Franklin FTSE Hong and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin FTSE Hong 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 Hong. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Franklin Etf

0.62	KWEB	KraneShares CSI China	Pair Corr
0.81	ASHR	Xtrackers Harvest CSI	Pair Corr
0.7	GXC	SPDR SP China	Pair Corr
0.67	CQQQ	Invesco China Technology	Pair Corr
0.76	CXSE	WisdomTree China	Pair Corr
0.98	EWH	iShares MSCI Hong Sell-off Trend	Pair Corr
0.85	KBA	KraneShares Bosera MSCI	Pair Corr
0.79	CNYA	iShares MSCI China	Pair Corr
0.68	DUKH	Ocean Park High	Pair Corr
0.68	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.63	DD	Dupont De Nemours	Pair Corr

Moving against Franklin Etf

0.42	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.38	AXP	American Express	Pair Corr

Related Correlations Analysis

	FLCH	FLTW	FLJP	FLGR	FLAU
FLCH		0.17	0.62	0.86	0.13	FLCH
FLTW	0.17		0.37	0.17	0.22	FLTW
FLJP	0.62	0.37		0.62	0.57	FLJP
FLGR	0.86	0.17	0.62		0.19	FLGR
FLAU	0.13	0.22	0.57	0.19		FLAU
	FLCH	FLTW	FLJP	FLGR	FLAU

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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
FLCH	1.30	0.19	0.13	(3.61)	1.46	(1.42)	2.47	(2.49)	12.17
FLTW	0.95	(0.02)	0.00	(0.06)	0.00	0.00	1.81	(2.29)	8.36
FLJP	0.74	0.05	0.07	0.08	0.86	(0.82)	1.52	(1.25)	5.29
FLGR	0.79	0.22	0.22	0.38	0.75	(0.83)	1.73	(1.67)	4.79
FLAU	0.71	(0.10)	0.00	(0.17)	0.00	0.00	1.47	(1.66)	4.50

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