Franklin Growth Correlations

Mutual Funds . USA . 
Fund . Franklin Growth Allocation
FTGTX Fund  USD 19.42  0.17  0.88%   
The current 90-days correlation between Franklin Growth Allo and Dunham High Yield is 0.46 (i.e., Very weak diversification). The correlation of Franklin Growth 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 Growth Correlation With Market

Modest diversification

The correlation between Franklin Growth Allocation and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Growth Allocation 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 Growth Allocation. 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 estimate.

Moving together with Franklin Mutual Fund

  0.61TEBIX Franklin Mutual BeaconPairCorr
  0.63TEMEX Franklin Mutual BeaconPairCorr
  0.78TEMWX Templeton WorldPairCorr
  0.63TEMTX Franklin Mutual SharesPairCorr
  0.64TEMQX Mutual QuestPairCorr
  0.63SAIFX Clearbridge Large CapPairCorr
  0.64SAGYX Clearbridge AggressivePairCorr
  0.63TEQIX Franklin Mutual QuestPairCorr
  0.77TWDAX Templeton WorldPairCorr
  0.62TESIX Franklin Mutual SharesPairCorr
  0.63TESRX Franklin Mutual SharesPairCorr
  0.63FQLAX Franklin Louisiana TaxPairCorr
  0.76TEWTX Templeton WorldPairCorr
  0.66SAPYX Clearbridge AppreciationPairCorr
  0.78SASMX Clearbridge Small CapPairCorr
  0.61WAARX Western Asset TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY