Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Global
FMDRX Fund  USD 30.89  0.06  0.19%   
The current 90-days correlation between Franklin Mutual Global and World Precious Minerals is -0.02 (i.e., Good 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

Modest diversification

The correlation between Franklin Mutual Global and DJI is 0.26 (i.e., Modest 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

  0.93TEBIX Franklin Mutual BeaconPairCorr
  0.65TEDMX Templeton DevelopingPairCorr
  0.95TEDIX Franklin Mutual GlobalPairCorr
  0.95TEDSX Franklin Mutual GlobalPairCorr
  0.95TEDRX Franklin Mutual GlobalPairCorr
  0.61TEFRX Templeton ForeignPairCorr
  0.62TEFTX Templeton ForeignPairCorr
  0.91TEGBX Templeton Global BondPairCorr
  0.78TEGRX Templeton GrowthPairCorr
  0.61TEMFX Templeton ForeignPairCorr
  0.89TEMGX Templeton Global SmallerPairCorr
  0.94TEMEX Franklin Mutual BeaconPairCorr
  0.9TEMWX Templeton WorldPairCorr
  0.86TEMTX Franklin Mutual SharesPairCorr
  0.84SAIFX Clearbridge Large CapPairCorr
  0.82SAGYX Clearbridge AggressivePairCorr
  0.78TEPLX Templeton GrowthPairCorr
  0.94TWDAX Templeton WorldPairCorr
  0.87TESIX Franklin Mutual SharesPairCorr
  0.94TESGX Templeton Global SmallerPairCorr
  0.97TESRX Franklin Mutual SharesPairCorr
  0.8LGIEX Qs International EquityPairCorr
  0.78FQLAX Franklin Louisiana TaxPairCorr
  0.95TEWTX Templeton WorldPairCorr
  0.78SAPYX Clearbridge AppreciationPairCorr
  0.89SASMX Clearbridge Small CapPairCorr
  0.75FQNCX Franklin North CarolinaPairCorr
  0.75FQMDX Franklin Maryland TaxPairCorr
  0.77WACPX Western Asset EPairCorr

Moving against Franklin Mutual Fund

  0.7WAADX Western Asset SmashPairCorr

Related Correlations Analysis

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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   
EKWYX
+ 1.0
UIPMX
SGDLX
+ 0.99
OGMCX
SGDLX
+ 0.99
UIPMX
SGDLX
+ 0.99
EKWYX
UIPMX
+ 0.97
OGMCX
EKWYX
+ 0.96
OGMCX
  
High negative correlations   
VGSBX
- 0.09
UNWPX

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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