Franklin FTSE Correlations

FLJP Etf

USD 30.48 0.02 0.07%

The current 90-days correlation between Franklin FTSE Japan and JPMorgan BetaBuilders Japan is 1.0 (i.e., No risk reduction). 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Franklin FTSE Correlation With Market

Very weak diversification

The correlation between Franklin FTSE Japan and DJI is 0.55 (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

1.0	EWJ	iShares MSCI Japan	Pair Corr
1.0	BBJP	JPMorgan BetaBuilders	Pair Corr
0.62	DXJ	WisdomTree Japan Hedged	Pair Corr
0.95	DFJ	WisdomTree Japan SmallCap	Pair Corr
0.97	EWJV	iShares MSCI Japan	Pair Corr
0.98	SCJ	iShares MSCI Japan	Pair Corr
1.0	JPXN	iShares JPX Nikkei	Pair Corr
0.85	PMBS	PIMCO Mortgage Backed	Pair Corr
0.81	YCL	ProShares Ultra Yen	Pair Corr
0.83	FXY	Invesco CurrencyShares	Pair Corr
0.76	ULE	ProShares Ultra Euro	Pair Corr
0.88	GDXU	MicroSectors Gold Miners	Pair Corr
0.71	GE	GE Aerospace	Pair Corr
0.66	INTC	Intel	Pair Corr
0.74	IBM	International Business	Pair Corr
0.7	MMM	3M Company	Pair Corr
0.86	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.82	JNJ	Johnson Johnson	Pair Corr
0.78	TRV	The Travelers Companies	Pair Corr

Moving against Franklin Etf

0.66	MSFT	Microsoft	Pair Corr
0.57	AA	Alcoa Corp	Pair Corr
0.52	HPQ	HP Inc	Pair Corr
0.5	DIS	Walt Disney	Pair Corr
0.47	HD	Home Depot	Pair Corr
0.4	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	BBJP	FLKR	FLGB	FLCH	FLBR
BBJP		0.69	0.91	0.88	0.87	BBJP
FLKR	0.69		0.73	0.65	0.81	FLKR
FLGB	0.91	0.73		0.93	0.85	FLGB
FLCH	0.88	0.65	0.93		0.79	FLCH
FLBR	0.87	0.81	0.85	0.79		FLBR
	BBJP	FLKR	FLGB	FLCH	FLBR

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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
BBJP	0.79	0.10	0.13	0.09	0.86	(0.90)	1.70	(1.36)	4.20
FLKR	1.12	0.11	0.09	0.07	1.32	(1.21)	2.60	(2.51)	6.26
FLGB	0.62	0.13	0.17	0.18	0.75	(0.69)	1.43	(1.18)	4.48
FLCH	1.31	0.25	0.20	0.76	1.36	(1.47)	2.76	(2.64)	7.50
FLBR	1.20	0.21	0.13	0.36	1.61	(1.22)	2.79	(2.13)	7.14

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