Franklin Correlations
| FRQXX Fund | USD 1.00 0.00 0.00% |
The correlation of Franklin 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 |
Related Correlations Analysis
| 0.74 | 0.45 | 0.98 | 0.12 | 0.79 | TIREX | ||
| 0.74 | 0.9 | 0.82 | 0.6 | 0.8 | FRIOX | ||
| 0.45 | 0.9 | 0.53 | 0.64 | 0.59 | CREMX | ||
| 0.98 | 0.82 | 0.53 | 0.28 | 0.82 | VREQX | ||
| 0.12 | 0.6 | 0.64 | 0.28 | 0.27 | NRSCX | ||
| 0.79 | 0.8 | 0.59 | 0.82 | 0.27 | VGSIX | ||
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Risk-Adjusted Indicators
There is a big difference between Franklin Money Market Fund performing well and Franklin Money Market 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIREX | 0.93 | (0.05) | 0.00 | (0.07) | 0.00 | 1.76 | 4.81 | |||
| FRIOX | 0.26 | 0.01 | 0.02 | 0.06 | 0.32 | 0.59 | 1.30 | |||
| CREMX | 0.02 | 0.02 | 0.00 | 5.68 | 0.00 | 0.08 | 0.08 | |||
| VREQX | 0.91 | (0.05) | 0.00 | (0.06) | 0.00 | 1.62 | 4.60 | |||
| NRSCX | 0.18 | 0.00 | 0.00 | 0.14 | 0.23 | 0.31 | 1.00 | |||
| VGSIX | 0.93 | (0.02) | 0.00 | 0.05 | 0.00 | 1.73 | 4.57 |