Franklin Federal Correlations

Mutual Funds . USA . 
Fund . Franklin Federal Limited Term
FTFZX Fund  USD 10.26  0.01  0.1%   
The current 90-days correlation between Franklin Federal Lim and Intermediate Term Bond Fund is 0.65 (i.e., Poor 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

Modest diversification

The correlation between Franklin Federal Limited Term and DJI is 0.23 (i.e., Modest 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

  0.83TEBIX Franklin Mutual BeaconPairCorr
  0.77TEDMX Templeton DevelopingPairCorr
  0.81TEDIX Franklin Mutual GlobalPairCorr
  0.81TEDSX Franklin Mutual GlobalPairCorr
  0.81TEDRX Franklin Mutual GlobalPairCorr
  0.82TEFRX Templeton ForeignPairCorr
  0.82TEFTX Templeton ForeignPairCorr
  0.9TEGBX Templeton Global BondPairCorr
  0.82TEMFX Templeton ForeignPairCorr
  0.83TEMEX Franklin Mutual BeaconPairCorr
  0.86TEMIX Franklin Mutual EuropeanPairCorr
  0.85TEMQX Mutual QuestPairCorr
  0.72FQCTX Franklin Necticut TaxPairCorr
  0.87FQCHX Franklin Templeton SmacsPairCorr
  0.85TEQIX Franklin Mutual QuestPairCorr
  0.84LGGAX Clearbridge InternationalPairCorr
  0.87TEURX Franklin Mutual EuropeanPairCorr
  0.88LGIEX Qs International EquityPairCorr
  0.78FQLAX Franklin Louisiana TaxPairCorr
  0.7FQNCX Franklin North CarolinaPairCorr
  0.66FQMDX Franklin Maryland TaxPairCorr
  0.92WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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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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