Franklin Ohio Correlations

Mutual Funds . USA . 
Fund . Franklin Ohio Tax Free
FROZX Fund  USD 11.32  0.03  0.26%   
The current 90-days correlation between Franklin Ohio Tax and Fidelity Series Emerging is -0.02 (i.e., Good diversification). The correlation of Franklin Ohio 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 Ohio Correlation With Market

Average diversification

The correlation between Franklin Ohio Tax Free and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Ohio Tax Free 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 Ohio Tax Free. 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 nation.

Moving together with Franklin Mutual Fund

  0.64TEBIX Franklin Mutual BeaconPairCorr
  0.64TEMEX Franklin Mutual BeaconPairCorr
  0.98FQCTX Franklin Necticut TaxPairCorr
  0.96FQCHX Franklin Templeton SmacsPairCorr
  0.62LGGAX Clearbridge InternationalPairCorr
  0.98FQLAX Franklin Louisiana TaxPairCorr
  0.99FQNCX Franklin North CarolinaPairCorr
  0.98FQMDX Franklin Maryland TaxPairCorr
  0.61WAARX Western Asset TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Ohio 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 Ohio'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY