Franklin Lifesmart Correlations

FLRJX Fund

USD 15.68 0.38 2.37%

The current 90-days correlation between Franklin Lifesmart 2045 and Franklin Gold Precious is 0.45 (i.e., Very weak 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 2045 and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Lifesmart 2045 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 2045. 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 inflation.

Moving together with Franklin Mutual Fund

0.67	TEBIX	Franklin Mutual Beacon	Pair Corr
0.65	TEMEX	Franklin Mutual Beacon	Pair Corr
0.93	TEMWX	Templeton World	Pair Corr
0.68	TEMQX	Mutual Quest	Pair Corr
0.63	SAIFX	Clearbridge Large Cap	Pair Corr
0.7	TEQIX	Franklin Mutual Quest	Pair Corr
0.93	TWDAX	Templeton World	Pair Corr
0.63	TESIX	Franklin Mutual Shares	Pair Corr
0.61	TESRX	Franklin Mutual Shares	Pair Corr
0.93	TEWTX	Templeton World	Pair Corr
0.7	SASMX	Clearbridge Small Cap	Pair Corr

Moving against Franklin Mutual Fund

0.36

TEGBX

Templeton Global Bond

Pair Corr

Related Correlations Analysis

	FRGOX	VGSBX	FGDIX	USERX	SGDLX	EPGFX
FRGOX		0.21	0.98	0.99	0.93	0.99	FRGOX
VGSBX	0.21		0.3	0.23	0.14	0.17	VGSBX
FGDIX	0.98	0.3		0.98	0.9	0.98	FGDIX
USERX	0.99	0.23	0.98		0.91	0.98	USERX
SGDLX	0.93	0.14	0.9	0.91		0.9	SGDLX
EPGFX	0.99	0.17	0.98	0.98	0.9		EPGFX
	FRGOX	VGSBX	FGDIX	USERX	SGDLX	EPGFX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FRGOX	1.43	(0.16)	(0.51)	2.43	(2.78)	7.59
VGSBX	0.27	(0.08)	(27.90)	0.43	(0.75)	1.51
FGDIX	1.35	(0.16)	(1.46)	2.61	(2.93)	9.33
USERX	1.42	(0.16)	(1.10)	2.86	(2.77)	8.88
SGDLX	1.30	(0.08)	(0.63)	2.63	(2.57)	8.32
EPGFX	1.47	(0.16)	(0.58)	2.59	(3.15)	10.21

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