Franklin Correlations
| FMFXX Fund | USD 1.00 0.00 0.00% |
The correlation of Franklin 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 |
Related Correlations Analysis
| 0.5 | 0.96 | 0.9 | 0.98 | 0.62 | DOXGX | ||
| 0.5 | 0.54 | 0.52 | 0.48 | 0.7 | MTCGX | ||
| 0.96 | 0.54 | 0.87 | 0.94 | 0.7 | AMONX | ||
| 0.9 | 0.52 | 0.87 | 0.91 | 0.74 | TFCCX | ||
| 0.98 | 0.48 | 0.94 | 0.91 | 0.6 | VAAGX | ||
| 0.62 | 0.7 | 0.7 | 0.74 | 0.6 | LMISX | ||
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Risk-Adjusted Indicators
There is a big difference between Franklin Money Market Fund performing well and Franklin Money Market 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DOXGX | 0.58 | (0.10) | 0.00 | (0.64) | 0.00 | 0.93 | 10.52 | |||
| MTCGX | 1.01 | (0.06) | 0.00 | (0.16) | 0.00 | 1.59 | 12.76 | |||
| AMONX | 0.96 | (0.12) | 0.00 | (0.11) | 0.00 | 1.25 | 15.94 | |||
| TFCCX | 0.53 | (0.02) | 0.00 | (0.09) | 0.00 | 0.90 | 5.58 | |||
| VAAGX | 0.57 | (0.07) | 0.00 | (0.52) | 0.00 | 1.06 | 5.43 | |||
| LMISX | 0.69 | 0.03 | 0.02 | 0.09 | 1.19 | 1.27 | 6.65 |