Franklin Natural Correlations

FNCRX Fund

USD 28.50 0.21 0.74%

The current 90-days correlation between Franklin Natural Res and Bbh Intermediate Municipal is 0.01 (i.e., Significant diversification). The correlation of Franklin Natural 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 Natural Correlation With Market

Average diversification

The correlation between Franklin Natural Resources and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Natural Resources 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 Natural Resources. 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

0.84	TEBIX	Franklin Mutual Beacon	Pair Corr
0.64	TEDMX	Templeton Developing	Pair Corr
0.85	TEDIX	Franklin Mutual Global	Pair Corr
0.86	TEDSX	Franklin Mutual Global	Pair Corr
0.85	TEDRX	Franklin Mutual Global	Pair Corr
0.7	TEFRX	Templeton Foreign	Pair Corr
0.72	TEFTX	Templeton Foreign	Pair Corr
0.69	TEGBX	Templeton Global Bond	Pair Corr
0.86	TEGRX	Templeton Growth	Pair Corr
0.74	TEMFX	Templeton Foreign	Pair Corr
0.81	TEMGX	Templeton Global Smaller	Pair Corr
0.85	TEMEX	Franklin Mutual Beacon	Pair Corr
0.71	TEMIX	Franklin Mutual European	Pair Corr
0.82	TEMTX	Franklin Mutual Shares	Pair Corr
0.77	TEMQX	Mutual Quest	Pair Corr
0.8	SAIFX	Clearbridge Large Cap	Pair Corr
0.81	SAGYX	Clearbridge Aggressive	Pair Corr
0.67	FQEMX	Franklin Templeton Smacs	Pair Corr
0.85	TEQIX	Franklin Mutual Quest	Pair Corr
0.86	TEPLX	Templeton Growth	Pair Corr
0.82	TESIX	Franklin Mutual Shares	Pair Corr
0.81	TESGX	Templeton Global Smaller	Pair Corr
0.75	TESRX	Franklin Mutual Shares	Pair Corr
0.63	LGGAX	Clearbridge International	Pair Corr
0.68	TEURX	Franklin Mutual European	Pair Corr
0.81	LGIEX	Qs International Equity	Pair Corr
0.75	SAPYX	Clearbridge Appreciation	Pair Corr
0.67	SASMX	Clearbridge Small Cap	Pair Corr

Moving against Franklin Mutual Fund

0.41

SBAYX

Western Asset Adjustable

Pair Corr

Related Correlations Analysis

	BBINX	PRVBX	NEMUX	TTRBX	ABQZX	NCSPX	XFINX	MBSAX
BBINX		0.63	0.92	0.78	0.83	0.91	0.48	0.87	BBINX
PRVBX	0.63		0.52	0.64	0.72	0.61	0.41	0.52	PRVBX
NEMUX	0.92	0.52		0.79	0.77	0.96	0.39	0.84	NEMUX
TTRBX	0.78	0.64	0.79		0.93	0.77	0.11	0.65	TTRBX
ABQZX	0.83	0.72	0.77	0.93		0.75	0.15	0.65	ABQZX
NCSPX	0.91	0.61	0.96	0.77	0.75		0.5	0.82	NCSPX
XFINX	0.48	0.41	0.39	0.11	0.15	0.5		0.62	XFINX
MBSAX	0.87	0.52	0.84	0.65	0.65	0.82	0.62		MBSAX
	BBINX	PRVBX	NEMUX	TTRBX	ABQZX	NCSPX	XFINX	MBSAX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Natural 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 Natural'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
BBINX	0.14	(0.03)	0.00	(0.77)	0.00	0.00	0.29	(0.29)	1.27
PRVBX	0.09	(0.01)	0.00	(0.62)	0.00	0.00	0.17	(0.20)	0.50
NEMUX	0.19	(0.04)	0.00	(0.96)	0.00	0.00	0.43	(0.64)	1.83
TTRBX	0.15	(0.04)	0.00	(3.99)	0.00	0.00	0.30	(0.30)	0.81
ABQZX	0.24	(0.07)	0.00	(1.85)	0.00	0.00	0.43	(0.64)	1.51
NCSPX	0.17	(0.03)	0.00	(13.80)	0.00	0.00	0.30	(0.39)	1.48
XFINX	0.12	0.00	(0.03)	0.24	0.20	(0.15)	0.21	(0.21)	1.14
MBSAX	0.22	(0.03)	0.00	(0.61)	0.00	0.00	0.37	(0.51)	1.54

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