Franklin Small Correlations

FRCSX Fund

USD 57.31 1.44 2.58%

The current 90-days correlation between Franklin Small Cap and The E Fixed is 0.19 (i.e., Average diversification). The correlation of Franklin Small 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 Small Correlation With Market

Poor diversification

The correlation between Franklin Small Cap and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Small Cap 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 Small Cap. 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

0.7	TEMMX	Templeton Emerging	Pair Corr
0.95	SAIFX	Clearbridge Large Cap	Pair Corr
0.92	TWDAX	Templeton World	Pair Corr
0.89	TESIX	Franklin Mutual Shares	Pair Corr
0.84	SAPYX	Clearbridge Appreciation	Pair Corr
0.84	SASMX	Clearbridge Small Cap	Pair Corr
0.96	FRAAX	Franklin Growth Oppo	Pair Corr
0.83	FRBRX	Franklin Biotechnology	Pair Corr
0.96	FRBSX	Franklin Balance Sheet	Pair Corr
0.95	FRDPX	Franklin Rising Dividends	Pair Corr
0.78	FREEX	Franklin Real Estate	Pair Corr
0.84	SBLYX	Clearbridge Large Cap	Pair Corr
0.86	SBMAX	Clearbridge Mid Cap	Pair Corr
0.82	TFSCX	Foreign Smaller Panies	Pair Corr
0.93	FRMCX	Franklin Microcap Value	Pair Corr
0.78	FRSGX	Franklin Small Mid	Pair Corr
1.0	FRVLX	Franklin Small Cap	Pair Corr

Moving against Franklin Mutual Fund

0.61	FAUZX	Franklin Adjustable	Pair Corr
0.61	FAURX	Franklin Adjustable	Pair Corr

Related Correlations Analysis

	HCIIX	TRWIX	SPRDX	SCXIX	MFIRX	FODJX	RRIGX
HCIIX		0.82	0.87	0.99	0.85	0.6	0.81	HCIIX
TRWIX	0.82		0.82	0.81	0.94	0.63	0.98	TRWIX
SPRDX	0.87	0.82		0.87	0.74	0.74	0.78	SPRDX
SCXIX	0.99	0.81	0.87		0.84	0.58	0.81	SCXIX
MFIRX	0.85	0.94	0.74	0.84		0.62	0.92	MFIRX
FODJX	0.6	0.63	0.74	0.58	0.62		0.53	FODJX
RRIGX	0.81	0.98	0.78	0.81	0.92	0.53		RRIGX
	HCIIX	TRWIX	SPRDX	SCXIX	MFIRX	FODJX	RRIGX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Small 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 Small'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
HCIIX	0.23	(0.01)	0.00	(0.42)	0.00	0.00	0.48	(0.36)	1.31
TRWIX	0.71	0.18	0.19	0.17	0.96	(0.69)	1.99	(1.76)	5.45
SPRDX	0.69	0.05	0.00	(0.03)	0.00	0.00	1.35	(1.59)	4.77
SCXIX	0.25	(0.01)	0.00	(0.23)	0.00	0.00	0.64	(0.43)	1.51
MFIRX	0.11	0.01	0.43	0.37	0.00	(0.21)	0.19	(0.19)	0.77
FODJX	0.57	0.02	0.00	(0.08)	0.00	0.00	1.11	(1.17)	2.80
RRIGX	0.65	0.22	0.30	0.28	0.67	(0.71)	1.36	(1.24)	5.59

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