Franklin Lifesmart Correlations

Mutual Funds . USA . 
Fund . Franklin Lifesmart 2020
FRTSX Fund  USD 12.77  0.02  0.16%   
The current 90-days correlation between Franklin Lifesmart 2020 and Invesco Real Estate is 0.47 (i.e., Very weak 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

Very poor diversification

The correlation between Franklin Lifesmart 2020 and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Lifesmart 2020 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 2020. 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

  0.78TEBIX Franklin Mutual BeaconPairCorr
  0.67TEDMX Templeton DevelopingPairCorr
  0.67TEDIX Franklin Mutual GlobalPairCorr
  0.67TEDSX Franklin Mutual GlobalPairCorr
  0.67TEDRX Franklin Mutual GlobalPairCorr
  0.77TEGRX Templeton GrowthPairCorr
  0.79TEMEX Franklin Mutual BeaconPairCorr
  0.71TEMWX Templeton WorldPairCorr
  0.75TEMTX Franklin Mutual SharesPairCorr
  0.85TEMQX Mutual QuestPairCorr
  0.65TEQIX Franklin Mutual QuestPairCorr
  0.77TEPLX Templeton GrowthPairCorr
  0.63TWDAX Templeton WorldPairCorr
  0.75TESIX Franklin Mutual SharesPairCorr
  0.75TESRX Franklin Mutual SharesPairCorr
  0.91LGGAX Clearbridge InternationalPairCorr
  0.61LGIEX Qs International EquityPairCorr
  0.64FQLAX Franklin Louisiana TaxPairCorr
  0.79TEWTX Templeton WorldPairCorr
  0.64FQNCX Franklin North CarolinaPairCorr

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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