Franklin Rising Correlations

FRISX Fund

USD 88.17 0.09 0.10%

The current 90-days correlation between Franklin Rising Dividends and Western Assets Emerging is 0.27 (i.e., Modest diversification). The correlation of Franklin Rising 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 Rising Correlation With Market

Very weak diversification

The correlation between Franklin Rising Dividends and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Rising Dividends 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 Rising Dividends. 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

0.81	TEMGX	Templeton Global Smaller	Pair Corr
0.89	TEMWX	Templeton World	Pair Corr
0.81	TEMTX	Franklin Mutual Shares	Pair Corr
0.97	SAIFX	Clearbridge Large Cap	Pair Corr
0.85	TWDAX	Templeton World	Pair Corr
0.8	TESIX	Franklin Mutual Shares	Pair Corr
0.82	TESGX	Templeton Global Smaller	Pair Corr
0.8	TESRX	Franklin Mutual Shares	Pair Corr
0.67	SAPYX	Clearbridge Appreciation	Pair Corr
0.65	SASMX	Clearbridge Small Cap	Pair Corr

Moving against Franklin Mutual Fund

0.52	WAADX	Western Asset Smash	Pair Corr
0.32	TEMIX	Franklin Mutual European	Pair Corr
0.31	TEURX	Franklin Mutual European	Pair Corr
0.4	SBAYX	Western Asset Adjustable	Pair Corr
0.32	SBIYX	Clearbridge International	Pair Corr
0.32	SBIEX	Clearbridge International	Pair Corr
0.31	TFFAX	Templeton Foreign	Pair Corr

Related Correlations Analysis

	XEMDX	CDHIX	REMVX	DBELX	PACEX	PIEFX
XEMDX		0.54	0.43	0.43	0.5	0.47	XEMDX
CDHIX	0.54		0.92	0.94	0.91	0.89	CDHIX
REMVX	0.43	0.92		0.96	0.88	0.94	REMVX
DBELX	0.43	0.94	0.96		0.92	0.91	DBELX
PACEX	0.5	0.91	0.88	0.92		0.85	PACEX
PIEFX	0.47	0.89	0.94	0.91	0.85		PIEFX
	XEMDX	CDHIX	REMVX	DBELX	PACEX	PIEFX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Rising 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 Rising'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
XEMDX	0.23	(0.04)	0.00	1.57	0.00	0.00	0.47	(0.56)	1.41
CDHIX	0.68	0.07	0.07	(0.26)	0.85	(0.70)	1.44	(1.51)	4.90
REMVX	0.80	0.07	0.07	(0.77)	0.94	(0.86)	1.67	(1.56)	5.76
DBELX	0.33	0.03	0.06	(9.02)	0.28	(0.44)	0.71	(0.58)	1.78
PACEX	0.12	0.01	0.06	(0.36)	0.00	(0.20)	0.33	(0.22)	0.76
PIEFX	0.99	0.08	0.06	0.15	1.25	(0.99)	2.06	(2.04)	6.94

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