Franklin Moderate Correlations

Mutual Funds USA . 
Fund . Franklin Moderate Allocation
FTMRX Fund  USD 15.79  0.11  0.70%   
The correlation of Franklin Moderate 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 Moderate Correlation With Market

Modest diversification

The correlation between Franklin Moderate Allocation 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 Moderate 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 Moderate 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

  0.64TEBIX Franklin Mutual BeaconPairCorr
  0.65TEGRX Templeton GrowthPairCorr
  0.65TEMGX Templeton Global SmallerPairCorr
  0.65TEMEX Franklin Mutual BeaconPairCorr
  0.8TEMWX Templeton WorldPairCorr
  0.64TEMTX Franklin Mutual SharesPairCorr
  0.67TEMQX Mutual QuestPairCorr
  0.63SAIFX Clearbridge Large CapPairCorr
  0.66SAGYX Clearbridge AggressivePairCorr
  0.65TEPLX Templeton GrowthPairCorr
  0.79TWDAX Templeton WorldPairCorr
  0.63TESIX Franklin Mutual SharesPairCorr
  0.65TESGX Templeton Global SmallerPairCorr
  0.65TESRX Franklin Mutual SharesPairCorr
  0.78TEWTX Templeton WorldPairCorr
  0.68SAPYX Clearbridge AppreciationPairCorr
  0.77SASMX Clearbridge Small CapPairCorr
  0.67FQMDX Franklin Maryland TaxPairCorr
  0.65WAARX Western Asset TotalPairCorr

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   
TWACX
+ 0.91
RGVEX
RGVEX
+ 0.86
SMAAX
TWACX
+ 0.7
SMAAX
RFBAX
+ 0.6
SMAAX
RGVEX
+ 0.5
RFBAX
TWACX
+ 0.5
RFBAX
  
High negative correlations   
TWACX
- 0.0
ICAXX
RGVEX
- 0.0
ICAXX
ICAXX
- 0.0
RFBAX
ICAXX
- 0.0
SMAAX
TWACX
- 0.0
ELMXX
RGVEX
- 0.0
ELMXX

Risk-Adjusted Indicators

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