Franklin Lifesmart Correlations

Mutual Funds USA . 
Fund . Franklin Lifesmart 2050
FRLEX Fund  USD 15.54  0.15  0.97%   
The current 90-days correlation between Franklin Lifesmart 2050 and Champlain Mid Cap is 0.75 (i.e., Poor diversification). The correlation of Franklin Lifesmart 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 Lifesmart Correlation With Market

Modest diversification

The correlation between Franklin Lifesmart 2050 and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Lifesmart 2050 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 Lifesmart 2050. 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

  0.65TEBIX Franklin Mutual BeaconPairCorr
  0.67TEGRX Templeton GrowthPairCorr
  0.68TEMGX Templeton Global SmallerPairCorr
  0.66TEMEX Franklin Mutual BeaconPairCorr
  0.82TEMWX Templeton WorldPairCorr
  0.64TEMTX Franklin Mutual SharesPairCorr
  0.67TEMQX Mutual QuestPairCorr
  0.64SAIFX Clearbridge Large CapPairCorr
  0.65SAGYX Clearbridge AggressivePairCorr
  0.67TEQIX Franklin Mutual QuestPairCorr
  0.68TEPLX Templeton GrowthPairCorr
  0.81TWDAX Templeton WorldPairCorr
  0.63TESIX Franklin Mutual SharesPairCorr
  0.68TESGX Templeton Global SmallerPairCorr
  0.64TESRX Franklin Mutual SharesPairCorr
  0.61FQLAX Franklin Louisiana TaxPairCorr
  0.8TEWTX Templeton WorldPairCorr
  0.67SAPYX Clearbridge AppreciationPairCorr
  0.74SASMX Clearbridge Small CapPairCorr
  0.63WAARX 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 Lifesmart 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 Lifesmart'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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