Franklin New Correlations
FNYIX Fund | USD 10.14 0.01 0.1% |
The current 90-days correlation between Franklin New York and Jhancock Disciplined Value is 0.12 (i.e., Average diversification). The correlation of Franklin New 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 |
Moving together with Franklin Mutual Fund
0.99 | VNYUX | Vanguard New York | PairCorr |
0.99 | VNYTX | Vanguard New York | PairCorr |
0.98 | MSTPX | Morningstar Municipal | PairCorr |
Moving against Franklin Mutual Fund
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Franklin Mutual Fund performing well and Franklin New 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 New'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
JDVNX | 0.55 | (0.01) | (0.02) | 0.12 | 0.37 | 1.19 | 5.12 | |||
FIOOX | 0.50 | (0.01) | (0.08) | 0.11 | 0.30 | 1.06 | 3.54 | |||
AMONX | 0.63 | 0.10 | 0.10 | 0.23 | 0.55 | 1.63 | 4.55 | |||
RTLCX | 0.48 | 0.02 | (0.01) | 0.16 | 0.47 | 1.05 | 4.06 | |||
MTCGX | 0.80 | 0.07 | 0.05 | 0.21 | 0.96 | 1.66 | 6.07 | |||
DLCIX | 0.51 | 0.04 | 0.03 | 0.18 | 0.52 | 1.23 | 4.24 | |||
TWQZX | 0.47 | (0.02) | (0.10) | 0.11 | 0.30 | 1.16 | 3.48 |