Franklin FTSE Correlations

FLJH Etf  USD 31.89  0.39  1.24%   
The current 90-days correlation between Franklin FTSE Japan and Franklin FTSE Japan is 0.81 (i.e., Very 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

Very weak diversification

The correlation between Franklin FTSE Japan and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin FTSE Japan 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 Japan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Franklin Etf

  1.0DXJ WisdomTree Japan HedgedPairCorr
  1.0HEWJ iShares Currency HedgedPairCorr
  0.86DBJP Xtrackers MSCI JapanPairCorr
  0.77NVDX T Rex 2X Low VolatilityPairCorr
  0.77NVDL GraniteShares 15x Long Aggressive PushPairCorr
  0.78NVDU Direxion Daily NVDAPairCorr
  0.65CRPT First Trust SkyBridgePairCorr
  0.81USD ProShares Ultra SemiPairCorr
  0.65DAPP VanEck Digital TransPairCorr
  0.68WGMI Valkyrie Bitcoin MinersPairCorr
  0.8AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.78CSCO Cisco Systems Aggressive PushPairCorr
  0.63JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.76CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.64BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.83HPQ HP IncPairCorr
  0.8XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.76AXP American Express Sell-off TrendPairCorr

Moving against Franklin Etf

  0.76WTID UBS ETRACSPairCorr
  0.33DFJ WisdomTree Japan SmallCapPairCorr
  0.32SCJ iShares MSCI JapanPairCorr
  0.73JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.71MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.63KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.41PG Procter GamblePairCorr

Related Correlations Analysis

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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   
FLGRFLJP
FLFRFLEH
FLTWFLGR
FLGRFLEH
FLEHFLJP
  
High negative correlations   
FLFRFLTW
FLFRFLGR
FLTWFLJP
FLTWFLEH
FLFRFLJP

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.