Franklin Strategic Correlations

Mutual Funds . USA . 
Fund . Franklin Strategic Series
FQTEX Fund  USD 12.91  0.05  0.39%   
The current 90-days correlation between Franklin Strategic Series and Furyax is 0.42 (i.e., Very weak diversification). The correlation of Franklin Strategic 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 Strategic Correlation With Market

Significant diversification

The correlation between Franklin Strategic Series and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Strategic Series 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 Strategic Series. 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 income.

Moving together with Franklin Mutual Fund

  0.75TEBIX Franklin Mutual BeaconPairCorr
  0.77TEDMX Templeton DevelopingPairCorr
  0.8TEFRX Templeton ForeignPairCorr
  0.81TEFTX Templeton ForeignPairCorr
  0.72TEGBX Templeton Global BondPairCorr
  0.77TEGRX Templeton GrowthPairCorr
  0.81TEMFX Templeton ForeignPairCorr
  0.7TEMEX Franklin Mutual BeaconPairCorr
  0.79TEMIX Franklin Mutual EuropeanPairCorr
  0.9TEMQX Mutual QuestPairCorr
  0.65FQEMX Franklin Templeton SmacsPairCorr
  0.9TEQIX Franklin Mutual QuestPairCorr
  0.76TEPLX Templeton GrowthPairCorr
  0.86LGGAX Clearbridge InternationalPairCorr
  0.79TEURX Franklin Mutual EuropeanPairCorr
  0.8LGIEX Qs International EquityPairCorr
  0.74WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Strategic 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 Strategic'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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