Franklin Lifesmart Correlations

FLMTX Fund

USD 10.81 0.01 0.09%

The current 90-days correlation between Franklin Lifesmart and Vanguard Target Retirement is 0.93 (i.e., Almost no 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

Poor diversification

The correlation between Franklin Lifesmart Retirement and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Lifesmart Retirement 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 Lifesmart Retirement. 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 estimate.

Moving together with FRANKLIN Mutual Fund

0.64	TEGRX	Templeton Growth	Pair Corr
0.76	TEMWX	Templeton World	Pair Corr
0.62	TEMTX	Franklin Mutual Shares	Pair Corr
0.81	TEMQX	Mutual Quest	Pair Corr
0.66	SAGYX	Clearbridge Aggressive	Pair Corr
0.82	TEQIX	Franklin Mutual Quest	Pair Corr
0.65	TEPLX	Templeton Growth	Pair Corr
0.76	TWDAX	Templeton World	Pair Corr
0.61	TESIX	Franklin Mutual Shares	Pair Corr
0.62	TESRX	Franklin Mutual Shares	Pair Corr
0.76	TEWTX	Templeton World	Pair Corr
0.67	SAPYX	Clearbridge Appreciation	Pair Corr
0.63	SASMX	Clearbridge Small Cap	Pair Corr
0.66	WAADX	Western Asset Smash	Pair Corr

Related Correlations Analysis

	VTINX	JSIIX	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	SCAXF	VIASP
VTINX		0.98	-0.15	0.0	-0.47	0.64	0.71	0.66	0.08	-0.18	VTINX
JSIIX	0.98		-0.21	0.0	-0.46	0.66	0.8	0.54	0.06	-0.13	JSIIX
444859BR2	-0.15	-0.21		0.0	0.31	-0.54	-0.45	-0.03	0.46	-0.46	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.47	-0.46	0.31	0.0		-0.35	-0.45	-0.37	-0.06	0.12	BRRAY
LBHIX	0.64	0.66	-0.54	0.0	-0.35		0.68	0.56	-0.35	0.26	LBHIX
MSTSX	0.71	0.8	-0.45	0.0	-0.45	0.68		0.27	-0.04	-0.05	MSTSX
ABHYX	0.66	0.54	-0.03	0.0	-0.37	0.56	0.27		-0.1	-0.12	ABHYX
SCAXF	0.08	0.06	0.46	0.0	-0.06	-0.35	-0.04	-0.1		-0.82	SCAXF
VIASP	-0.18	-0.13	-0.46	0.0	0.12	0.26	-0.05	-0.12	-0.82		VIASP
	VTINX	JSIIX	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	SCAXF	VIASP

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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

JSIIX	+ 0.98	VTINX
MSTSX	+ 0.8	JSIIX
MSTSX	+ 0.71	VTINX
MSTSX	+ 0.68	LBHIX
ABHYX	+ 0.66	VTINX
LBHIX	+ 0.66	JSIIX

High negative correlations

VIASP	- 0.82	SCAXF
LBHIX	- 0.54	444859BR2
BRRAY	- 0.47	VTINX
VIASP	- 0.46	444859BR2
BRRAY	- 0.46	JSIIX
MSTSX	- 0.45	BRRAY

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
VTINX	0.20	(0.01)	(0.39)	0.04	0.20	(0.23)	0.44	(0.37)	1.24
JSIIX	0.25	(0.02)	(0.32)	0.03	0.27	(0.28)	0.56	(0.56)	1.43
444859BR2	1.36	(0.08)	0.00	(0.21)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.22)	(0.11)	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.37)	0.00	(33.24)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.08	(0.03)	(1.87)	1.12	(0.82)	2.28	(1.20)	7.18

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