Franklin Mining Correlations
| FMNJ Stock | USD 0 0.0005 29.41% |
The current 90-days correlation between Franklin Mining and South32 Limited is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Franklin Mining Correlation With Market
Very good diversification
The correlation between Franklin Mining and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mining and DJI in the same portfolio, assuming nothing else is changed.
Franklin |
The ability to find closely correlated positions to Franklin Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Franklin Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Franklin Mining to buy it.
Moving against Franklin Pink Sheet
| 0.44 | GCMGW | GCM Grosvenor | PairCorr |
| 0.36 | ATCOL | Atlas Corp | PairCorr |
| 0.35 | SSNLF | Samsung Electronics | PairCorr |
| 0.35 | PTAIF | PT Astra International | PairCorr |
| 0.31 | ASTSW | AST SpaceMobile | PairCorr |
| 0.45 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.44 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.43 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.43 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.41 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.4 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.38 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.38 | HD | Home Depot | PairCorr |
| 0.37 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.35 | WMT | Walmart Aggressive Push | PairCorr |
| 0.31 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Franklin Pink Sheet performing well and Franklin Mining Company 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 Mining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHTLF | 1.60 | 0.26 | 0.03 | 1.28 | 1.90 | 4.80 | 28.25 | |||
| NB | 3.33 | (0.41) | 0.00 | (0.61) | 0.00 | 5.33 | 28.43 | |||
| 444859BR2 | 1.36 | (0.01) | 0.00 | 0.16 | 0.00 | 5.93 | 16.62 | |||
| SCRYY | 2.06 | 0.26 | 0.07 | 1.64 | 2.00 | 5.61 | 12.99 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| APAAX | 0.14 | 0.02 | (0.38) | (0.13) | 0.14 | 0.31 | 1.13 | |||
| SCRYX | 0.95 | (0.05) | 0.02 | 0.09 | 0.91 | 2.10 | 7.88 | |||
| LBHIX | 0.12 | 0.01 | (0.44) | 0.51 | 0.00 | 0.24 | 0.96 | |||
| MSTSX | 0.49 | (0.03) | (0.12) | 0.08 | 0.50 | 1.21 | 2.80 | |||
| ID | 3.84 | 0.90 | 0.16 | 1.45 | 3.99 | 7.89 | 20.54 |
Be your own money manager
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Franklin Mining Corporate Management
| Ricardo Grados | Chief Officer | Profile | |
| Robert CPA | Pres Chairman | Profile | |
| Mark Pena | Legal Counsel | Profile | |
| Stephen Nichols | Communications Consultant | Profile | |
| Cynthia Fair | Consultant | Profile | |
| Mark Kesselman | Exec Devel | Profile |