Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Global
FMDRX Fund  USD 31.60  0.09  0.29%   
The current 90-days correlation between Franklin Mutual Global and Hennessy Bp Energy is 0.24 (i.e., Modest diversification). The correlation of Franklin Mutual 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 Mutual Correlation With Market

Very weak diversification

The correlation between Franklin Mutual Global and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Global 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 Mutual Global. 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

  0.96TEBIX Franklin Mutual BeaconPairCorr
  0.87TEDMX Templeton DevelopingPairCorr
  1.0TEDIX Franklin Mutual GlobalPairCorr
  1.0TEDSX Franklin Mutual GlobalPairCorr
  1.0TEDRX Franklin Mutual GlobalPairCorr
  0.88TEFRX Templeton ForeignPairCorr
  0.88TEFTX Templeton ForeignPairCorr
  0.9TEGBX Templeton Global BondPairCorr
  0.66TEGRX Templeton GrowthPairCorr
  0.88TEMFX Templeton ForeignPairCorr
  0.95TEMEX Franklin Mutual BeaconPairCorr
  0.88TEMIX Franklin Mutual EuropeanPairCorr
  0.87TEMQX Mutual QuestPairCorr
  0.61FQCHX Franklin Templeton SmacsPairCorr
  0.61FQEMX Franklin Templeton SmacsPairCorr
  0.87TEQIX Franklin Mutual QuestPairCorr
  0.66TEPLX Templeton GrowthPairCorr
  0.62TESIX Franklin Mutual SharesPairCorr
  0.61TESRX Franklin Mutual SharesPairCorr
  0.88LGGAX Clearbridge InternationalPairCorr
  0.88TEURX Franklin Mutual EuropeanPairCorr
  0.89LGIEX Qs International EquityPairCorr
  0.87WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Mutual 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 Mutual'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.

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