Franklin Small Correlations

Mutual Funds . USA . 
Fund . Franklin Small Cap
FRVLX Fund  USD 52.77  0.67  1.25%   
The current 90-days correlation between Franklin Small Cap and Franklin Rising Dividends is 0.8 (i.e., Very poor diversification). The correlation of Franklin Small 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Small Cap. 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 bureau of economic analysis.

Moving together with Franklin Mutual Fund

  0.95TEMGX Templeton Global SmallerPairCorr
  0.76TEMWX Templeton WorldPairCorr
  0.87SAIFX Clearbridge Large CapPairCorr
  0.95SAGYX Clearbridge AggressivePairCorr
  0.75TWDAX Templeton WorldPairCorr
  0.95TESGX Templeton Global SmallerPairCorr
  0.77TEWTX Templeton WorldPairCorr
  0.96SAPYX Clearbridge AppreciationPairCorr
  0.96SASMX Clearbridge Small CapPairCorr

Moving against Franklin Mutual Fund

  0.46TEMIX Franklin Mutual EuropeanPairCorr
  0.45TEGBX Templeton Global BondPairCorr
  0.45TEMFX Templeton ForeignPairCorr
  0.44TEFRX Templeton ForeignPairCorr
  0.44TEFTX Templeton ForeignPairCorr
  0.42TEDIX Franklin Mutual GlobalPairCorr
  0.46TEURX Franklin Mutual EuropeanPairCorr
  0.44LGIEX Qs International EquityPairCorr
  0.5SBAYX Western Asset AdjustablePairCorr
  0.49WABAX Western Asset EPairCorr
  0.47WAARX Western Asset TotalPairCorr
  0.46TFFAX Templeton ForeignPairCorr
  0.45WACPX Western Asset EPairCorr
  0.41TFESX International EquityPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FRSTX
+ 0.91
TEDIX
FKGRX
+ 0.9
FRDPX
TESIX
+ 0.77
FRDPX
FKGRX
+ 0.49
TESIX
TESIX
+ 0.48
TEDIX
FRSTX
+ 0.34
TESIX
  
High negative correlations   
FRSTX
- 0.56
FKGRX
FKGRX
- 0.48
TEDIX
FRSTX
- 0.2
FRDPX
TEDIX
- 0.15
FRDPX

Risk-Adjusted Indicators

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