Franklin Templeton Correlations

FTMAX Fund

USD 23.63 0.01 0.04%

The current 90-days correlation between Franklin Templeton and Inverse Nasdaq 100 Strategy is 0.29 (i.e., Modest diversification). The correlation of Franklin Templeton 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 Templeton Correlation With Market

Poor diversification

The correlation between Franklin Templeton Multi Asset and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Templeton Multi Asset 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 Templeton Multi Asset. 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

0.99	FTMCX	First Trust Multi	Pair Corr
0.63	FDHIX	First Trust Short	Pair Corr
0.67	FDHCX	First Trust Short	Pair Corr
0.64	FDHAX	First Trust Short	Pair Corr
0.83	BXMYX	Blackstone Alternative	Pair Corr
0.83	BXMIX	Blackstone Alternative	Pair Corr
0.83	BXMDX	Blackstone Alternative	Pair Corr
0.95	GARTX	Goldman Sachs Absolute	Pair Corr
0.96	GCRTX	Goldman Sachs Absolute	Pair Corr
0.63	IGNYX	Ivy Natural Resources	Pair Corr

Moving against Franklin Mutual Fund

0.58	USPSX	Profunds Ultrashort	Pair Corr
0.57	USPIX	Profunds Ultrashort	Pair Corr
0.5	TCTGX	Transamerica Cleartrack	Pair Corr
0.5	TDKTX	Cleartrack 2015 Class	Pair Corr
0.5	TCTJX	Transamerica Cleartrack	Pair Corr
0.5	UIPIX	Ultrashort Mid Cap	Pair Corr
0.46	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	RYACX	UUPIX	EMDQX	SMSDX	DBELX
RYACX		0.27	0.57	0.28	0.58	RYACX
UUPIX	0.27		0.86	0.92	0.9	UUPIX
EMDQX	0.57	0.86		0.9	0.96	EMDQX
SMSDX	0.28	0.92	0.9		0.88	SMSDX
DBELX	0.58	0.9	0.96	0.88		DBELX
	RYACX	UUPIX	EMDQX	SMSDX	DBELX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RYACX	1.09	0.13	0.11	0.52	1.10	(1.26)	2.78	(1.58)	6.30
UUPIX	2.28	0.22	0.07	(0.73)	2.83	(2.37)	4.92	(4.93)	14.16
EMDQX	0.29	0.04	0.11	0.56	0.17	(0.43)	0.68	(0.45)	1.75
SMSDX	0.22	0.02	0.06	(0.22)	0.26	(0.26)	0.43	(0.51)	1.30
DBELX	0.33	0.03	0.10	(13.88)	0.25	(0.44)	0.71	(0.58)	1.78

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