Franklin Balance Correlations

FRBSX Fund

USD 35.90 0.21 0.59%

The current 90-days correlation between Franklin Balance Sheet and Enhanced Fixed Income is 0.12 (i.e., Average diversification). The correlation of Franklin Balance 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 Balance Correlation With Market

Modest diversification

The correlation between Franklin Balance Sheet and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Balance Sheet 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 Balance Sheet. 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 state.

Moving together with Franklin Mutual Fund

0.93	TEBIX	Franklin Mutual Beacon	Pair Corr
0.84	TEDIX	Franklin Mutual Global	Pair Corr
0.84	TEDSX	Franklin Mutual Global	Pair Corr
0.96	TEDRX	Franklin Mutual Global	Pair Corr
0.86	TEGBX	Templeton Global Bond	Pair Corr
0.72	TEGRX	Templeton Growth	Pair Corr
0.91	TEMGX	Templeton Global Smaller	Pair Corr
0.93	TEMEX	Franklin Mutual Beacon	Pair Corr
0.88	TEMWX	Templeton World	Pair Corr
0.98	SAIFX	Clearbridge Large Cap	Pair Corr
0.92	SAGYX	Clearbridge Aggressive	Pair Corr
0.62	FQCHX	Franklin Templeton Smacs	Pair Corr
1.0	TESIX	Franklin Mutual Shares	Pair Corr
0.82	FQLAX	Franklin Louisiana Tax	Pair Corr
0.91	SAPYX	Clearbridge Appreciation	Pair Corr
0.79	FQNCX	Franklin North Carolina	Pair Corr
0.94	TFESX	International Equity	Pair Corr
0.61	WAFAX	Western Asset Inflation	Pair Corr
0.63	WAIIX	Western Asset Inflation	Pair Corr
0.92	FRAAX	Franklin Growth Oppo	Pair Corr
0.66	FRBRX	Franklin Biotechnology	Pair Corr
0.96	FRDPX	Franklin Rising Dividends	Pair Corr
0.96	FRDTX	Franklin Rising Dividends	Pair Corr
0.84	FREEX	Franklin Real Estate	Pair Corr
0.75	FRCOX	Franklin Orado Tax	Pair Corr
0.81	FRCTX	Franklin California Tax	Pair Corr
0.96	FRDAX	Franklin Rising Dividends	Pair Corr
0.8	FRFTX	Franklin Federal Tax	Pair Corr
0.82	SBLYX	Clearbridge Large Cap	Pair Corr

Moving against Franklin Mutual Fund

0.85

WAADX

Western Asset Smash

Pair Corr

Related Correlations Analysis

	AAEZX	RBOAX	TTRBX	ARTFX	SGYAX	RUSIX	RULFX	VBIPX
AAEZX		0.9	0.91	0.72	0.68	0.39	0.41	0.79	AAEZX
RBOAX	0.9		0.97	0.74	0.72	0.45	0.46	0.89	RBOAX
TTRBX	0.91	0.97		0.74	0.7	0.43	0.44	0.87	TTRBX
ARTFX	0.72	0.74	0.74		0.99	0.9	0.91	0.94	ARTFX
SGYAX	0.68	0.72	0.7	0.99		0.92	0.93	0.93	SGYAX
RUSIX	0.39	0.45	0.43	0.9	0.92		0.99	0.79	RUSIX
RULFX	0.41	0.46	0.44	0.91	0.93	0.99		0.8	RULFX
VBIPX	0.79	0.89	0.87	0.94	0.93	0.79	0.8		VBIPX
	AAEZX	RBOAX	TTRBX	ARTFX	SGYAX	RUSIX	RULFX	VBIPX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Balance 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 Balance'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
AAEZX	0.23	0.01	0.02	0.04	0.27	(0.28)	0.61	(0.40)	1.90
RBOAX	0.15	0.00	(0.01)	(0.02)	0.15	(0.21)	0.32	(0.32)	1.06
TTRBX	0.15	0.00	0.01	0.06	0.11	(0.21)	0.41	(0.30)	0.91
ARTFX	0.11	0.02	0.08	1.59	0.00	(0.21)	0.44	(0.22)	1.22
SGYAX	0.16	0.02	0.11	0.75	0.00	(0.28)	0.57	(0.28)	1.28
RUSIX	0.04	0.01	0.00	(1.14)	0.00	0.00	0.10	0.00	0.50
RULFX	0.05	0.01	0.07	(0.91)	0.00	(0.19)	0.10	(0.10)	0.60
VBIPX	0.10	0.00	0.02	0.17	0.00	(0.16)	0.30	(0.20)	0.69

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