Franklin Federal Correlations

Mutual Funds . USA . 
Fund . Franklin Federal Limited Term
FTFZX Fund  USD 10.33  0.02  0.19%   
The current 90-days correlation between Franklin Federal Lim and Ab Small Cap is 0.18 (i.e., Average diversification). The correlation of Franklin Federal 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 Federal Correlation With Market

Average diversification

The correlation between Franklin Federal Limited Term and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Federal Limited Term 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 Federal Limited Term. 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

  0.77FRGOX Franklin Gold PreciousPairCorr
  0.68FCSCX Franklin AdjustablePairCorr
  0.89CIABX Western Asset ShortPairCorr
  0.98SHDAX Legg Mason WesternPairCorr
  0.7FXNCX Franklin North CarolinaPairCorr
  0.8FMTIX Franklin ModeratePairCorr
  0.99VMLTX Vanguard Limited TermPairCorr
  0.99VMLUX Vanguard Limited TermPairCorr
  0.88VWSTX Vanguard Short TermPairCorr
  0.88VWSUX Vanguard Short TermPairCorr
  0.96GDUSX Goldman Sachs ShortPairCorr
  0.97GANPX Goldman Sachs ShortPairCorr
  0.88SNDPX Diversified MunicipalPairCorr
  0.89AIDYX Diversified MunicipalPairCorr
  0.89AIDZX Diversified MunicipalPairCorr
  0.61INPIX Internet UltrasectorPairCorr
  0.61INPSX Internet UltrasectorPairCorr
  0.74CRDSX Catholic ResponsiblePairCorr
  0.81VESIX Vanguard European StockPairCorr
  0.74RQEIX Resq Dynamic AllocationPairCorr
  0.9HWDCX Hartford WorldPairCorr
  0.86MISAX Victory TrivalentPairCorr
  0.91TIILX Tiaa Cref InflationPairCorr
  0.76AGGNX Global Gold FundPairCorr
  0.7BEMAX Brandes Emerging MarketsPairCorr
  0.67BRCNX Invesco Balanced RiskPairCorr
  0.76FGNSX Strategic Advisers TaxPairCorr

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   
FRMPX
+ 0.98
QUAIX
QLMSTX
+ 0.77
QUAIX
QLMSTX
+ 0.77
FRMPX
CIPNX
+ 0.74
QUAIX
FRMPX
+ 0.71
CIPNX
QLMSTX
+ 0.7
CIPNX
  
High negative correlations   
CIPNX
- 0.16
GLVIX

Risk-Adjusted Indicators

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