Franklin Lifesmart Correlations

FLSOX Fund

USD 16.13 0.04 0.25%

The current 90-days correlation between Franklin Lifesmart 2050 and Franklin Mutual Beacon is 0.7 (i.e., Poor 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 2050 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 2050 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 2050. 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 persons.

Moving together with FRANKLIN Mutual Fund

0.7	TEBIX	Franklin Mutual Beacon	Pair Corr
0.61	TEDMX	Templeton Developing	Pair Corr
0.68	TEMEX	Franklin Mutual Beacon	Pair Corr
0.77	TEMTX	Franklin Mutual Shares	Pair Corr
0.86	FRAAX	Franklin Growth Oppo	Pair Corr
0.87	FRELX	Franklin Lifesmart 2025	Pair Corr
0.81	FRNRX	Franklin Natural Res	Pair Corr
0.98	FGTZX	Ftfa Franklin Templeton	Pair Corr
0.69	FHAIX	Franklin High Income	Pair Corr
0.93	LANIX	Qs Growth Fund	Pair Corr
0.94	SMYIX	Qs Global Equity	Pair Corr
0.92	VFIFX	Vanguard Target Reti	Pair Corr
0.99	AALTX	American Funds 2050	Pair Corr
0.99	CCITX	American Funds 2050	Pair Corr
0.99	FAITX	American Funds 2050	Pair Corr
0.9	FFFHX	Fidelity Freedom 2050	Pair Corr
0.99	FZTKX	Fidelity Freedom 2050	Pair Corr
0.91	FRLPX	Fidelity Freedom Index	Pair Corr
0.99	TRJLX	T Rowe Price	Pair Corr
0.91	FIPFX	Fidelity Freedom Index	Pair Corr
0.69	KSOCX	Kinetics Small Cap	Pair Corr

Moving against FRANKLIN Mutual Fund

0.44	TEGBX	Templeton Global Bond	Pair Corr
0.32	WAFAX	Western Asset Inflation	Pair Corr
0.5	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	TEBIX	TEDMX	TEDIX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	TEGRX	TEMFX
TEBIX		0.03	0.63	0.59	0.61	-0.2	-0.21	-0.37	0.69	-0.2	TEBIX
TEDMX	0.03		0.51	0.5	0.5	0.64	0.63	0.11	0.53	0.64	TEDMX
TEDIX	0.63	0.51		1.0	1.0	0.6	0.6	0.31	0.78	0.6	TEDIX
TEDSX	0.59	0.5	1.0		1.0	0.63	0.63	0.36	0.76	0.63	TEDSX
TEDRX	0.61	0.5	1.0	1.0		0.61	0.61	0.33	0.77	0.61	TEDRX
TEFRX	-0.2	0.64	0.6	0.63	0.61		1.0	0.77	0.32	1.0	TEFRX
TEFTX	-0.21	0.63	0.6	0.63	0.61	1.0		0.77	0.31	1.0	TEFTX
TEGBX	-0.37	0.11	0.31	0.36	0.33	0.77	0.77		-0.08	0.76	TEGBX
TEGRX	0.69	0.53	0.78	0.76	0.77	0.32	0.31	-0.08		0.32	TEGRX
TEMFX	-0.2	0.64	0.6	0.63	0.61	1.0	1.0	0.76	0.32		TEMFX
	TEBIX	TEDMX	TEDIX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	TEGRX	TEMFX

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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

TEDSX	+ 1.0	TEDIX
TEDRX	+ 1.0	TEDIX
TEDRX	+ 1.0	TEDSX
TEFTX	+ 1.0	TEFRX
TEMFX	+ 1.0	TEFRX
TEMFX	+ 1.0	TEFTX

High negative correlations

TEGBX	- 0.37	TEBIX
TEFTX	- 0.21	TEBIX
TEMFX	- 0.2	TEBIX
TEFRX	- 0.2	TEBIX
TEGRX	- 0.08	TEGBX

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
TEBIX	0.49	(0.06)	(0.16)	0.02	0.57	(0.51)	0.84	(1.01)	2.80
TEDMX	0.84	(0.04)	(0.10)	0.02	0.97	(1.05)	1.84	(2.00)	6.20
TEDIX	0.51	(0.08)	(0.18)	(0.01)	0.66	(0.50)	0.88	(1.05)	2.77
TEDSX	0.51	(0.08)	(0.18)	(0.01)	0.66	(0.50)	0.88	(1.05)	2.76
TEDRX	0.51	(0.08)	(0.18)	(0.01)	0.66	(0.50)	0.87	(1.08)	2.76
TEFRX	0.81	(0.14)	0.00	(0.19)	0.00	0.00	1.86	(2.08)	5.42
TEFTX	0.82	(0.14)	0.00	(0.19)	0.00	0.00	1.82	(2.10)	5.46
TEGBX	0.46	(0.12)	0.00	(0.77)	0.00	0.00	0.81	(1.00)	2.75
TEGRX	0.56	(0.09)	(0.15)	0.00	0.69	(0.63)	1.23	(0.88)	3.25
TEMFX	0.81	(0.14)	0.00	(0.18)	0.00	0.00	1.81	(2.14)	5.45

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