Franklin Strategic Correlations

Mutual Funds . USA . 
Fund . Franklin Strategic Series
FQTEX Fund  USD 12.67  0.09  0.71%   
The current 90-days correlation between Franklin Strategic Series and Artisan Small Cap is 0.05 (i.e., Significant 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

Poor diversification

The correlation between Franklin Strategic Series and DJI is 0.75 (i.e., Poor 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

  0.87TEBIX Franklin Mutual BeaconPairCorr
  0.78TEDMX Templeton DevelopingPairCorr
  0.71TEDIX Franklin Mutual GlobalPairCorr
  0.71TEDSX Franklin Mutual GlobalPairCorr
  0.71TEDRX Franklin Mutual GlobalPairCorr
  0.74TEFRX Templeton ForeignPairCorr
  0.74TEFTX Templeton ForeignPairCorr
  0.69TEGBX Templeton Global BondPairCorr
  0.92TEGRX Templeton GrowthPairCorr
  0.74TEMFX Templeton ForeignPairCorr
  0.87TEMEX Franklin Mutual BeaconPairCorr
  0.73TEMIX Franklin Mutual EuropeanPairCorr
  0.91TEMQX Mutual QuestPairCorr
  0.71FQEMX Franklin Templeton SmacsPairCorr
  0.9TEQIX Franklin Mutual QuestPairCorr
  0.92TEPLX Templeton GrowthPairCorr
  0.62TESIX Franklin Mutual SharesPairCorr
  0.61TESRX Franklin Mutual SharesPairCorr
  0.91LGGAX Clearbridge InternationalPairCorr
  0.73TEURX Franklin Mutual EuropeanPairCorr
  0.73LGIEX Qs International Equity Potential GrowthPairCorr
  0.7WAARX 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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