Franklin Financial Correlations

FRAF Stock

USD 35.42 0.10 0.28%

The correlation of Franklin Financial 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.

Franklin Financial Correlation With Market

Modest diversification

The correlation between Franklin Financial Services and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Financial Services 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 Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Franklin Stock

0.7	DB	Deutsche Bank AG	Pair Corr
0.81	WF	Woori Financial Group	Pair Corr
0.79	TECTP	Tectonic Financial	Pair Corr
0.77	TFC-PI	Truist Financial	Pair Corr
0.79	TFC-PO	Truist Financial	Pair Corr
0.68	TFC-PR	Truist Financial	Pair Corr
0.77	EBMT	Eagle Bancorp Montana	Pair Corr
0.66	CFG-PH	Citizens Financial Group,	Pair Corr
0.61	KEY-PI	KeyCorp	Pair Corr
0.74	KEY-PJ	KeyCorp	Pair Corr
0.68	KEY-PK	KeyCorp	Pair Corr
0.74	KEY-PL	KeyCorp	Pair Corr
0.9	BANC-PF	Banc of California	Pair Corr
0.78	WSBCP	WesBanco	Pair Corr
0.71	WNEB	Western New England	Pair Corr

Moving against Franklin Stock

0.47	KB	KB Financial Group	Pair Corr
0.42	VBNK	VersaBank	Pair Corr
0.41	AX	Axos Financial	Pair Corr
0.8	EFSI	Eagle Financial Services	Pair Corr
0.71	WAFD	Washington Federal	Pair Corr
0.62	WAFDP	Washington Federal	Pair Corr
0.41	EGBN	Eagle Bancorp	Pair Corr

Related Correlations Analysis

	HVBC	HMNF	MGYR	OFED	CULL	AFBI	HFBL	SFBC	FNWD	CWBC
HVBC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HVBC
HMNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
MGYR	0.0	0.0		0.0	0.0	0.12	0.14	-0.13	-0.32	0.39	MGYR
OFED	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	OFED
CULL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CULL
AFBI	0.0	0.0	0.12	0.0	0.0		-0.3	0.0	0.54	0.31	AFBI
HFBL	0.0	0.0	0.14	0.0	0.0	-0.3		-0.51	-0.4	-0.09	HFBL
SFBC	0.0	0.0	-0.13	0.0	0.0	0.0	-0.51		0.23	0.25	SFBC
FNWD	0.0	0.0	-0.32	0.0	0.0	0.54	-0.4	0.23		-0.18	FNWD
CWBC	0.0	0.0	0.39	0.0	0.0	0.31	-0.09	0.25	-0.18		CWBC
	HVBC	HMNF	MGYR	OFED	CULL	AFBI	HFBL	SFBC	FNWD	CWBC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

FNWD	+ 0.54	AFBI
CWBC	+ 0.39	MGYR
CWBC	+ 0.31	AFBI
CWBC	+ 0.25	SFBC
FNWD	+ 0.23	SFBC
HFBL	+ 0.14	MGYR

High negative correlations

SFBC	- 0.51	HFBL
FNWD	- 0.4	HFBL
FNWD	- 0.32	MGYR
HFBL	- 0.3	AFBI
CWBC	- 0.18	FNWD
SFBC	- 0.13	MGYR

Risk-Adjusted Indicators

There is a big difference between Franklin Stock performing well and Franklin Financial 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 Financial'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
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGYR	1.05	(0.05)	0.00	(0.25)	0.00	0.00	2.76	(2.62)	6.74
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFBI	1.19	(0.14)	0.00	(0.43)	0.00	0.00	2.53	(2.02)	22.46
HFBL	1.63	0.12	0.04	0.41	2.10	(2.12)	5.67	(4.53)	13.32
SFBC	1.02	(0.02)	0.00	(0.56)	0.00	0.00	4.00	(2.00)	7.78
FNWD	0.99	0.00	0.00	0.00	1.33	(1.00)	2.12	(1.67)	8.51
CWBC	0.95	(0.11)	0.00	(0.12)	0.00	0.00	2.45	(2.14)	6.01

Franklin Financial Corporate Management

Ronald Cekovich	Sr. VP of FandM Trust and Technology Service Manager of FandM Trust	Profile
Steven Poynot	Ex COO	Profile
Lise Esq	Sr Co	Profile
Amanda Ducey	Corporate Secretary	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC