Franklin Liberty Correlations

FTSD Etf

USD 90.79 0.11 0.12%

The current 90-days correlation between Franklin Liberty Short and FlexShares Ready Access is 0.49 (i.e., Very weak diversification). The correlation of Franklin Liberty 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.

Franklin Liberty Correlation With Market

Good diversification

The correlation between Franklin Liberty Short and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Liberty Short 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 Liberty Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Franklin Etf

0.98	SHY	iShares 1 3 Sell-off Trend	Pair Corr
0.97	LMBS	First Trust Low	Pair Corr
0.98	SPTS	SPDR Barclays Short Sell-off Trend	Pair Corr
0.96	AGZ	iShares Agency Bond	Pair Corr
0.98	UTWO	Rbb Fund	Pair Corr
0.98	XTWO	Bondbloxx ETF Trust	Pair Corr
0.97	XTRE	Bondbloxx ETF Trust	Pair Corr
0.97	TRSY	Xtrackers 0 1	Pair Corr
0.98	SLDR	Global X Short	Pair Corr
0.92	FXY	Invesco CurrencyShares	Pair Corr
0.93	PMBS	PIMCO Mortgage Backed	Pair Corr
0.71	AMPD	Tidal Trust II	Pair Corr
0.86	GDXU	MicroSectors Gold Miners	Pair Corr
0.66	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.7	CVX	Chevron Corp	Pair Corr
0.77	MMM	3M Company	Pair Corr
0.89	VZ	Verizon Communications	Pair Corr
0.92	T	ATT Inc Sell-off Trend	Pair Corr
0.74	MCD	McDonalds	Pair Corr
0.95	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.84	TRV	The Travelers Companies	Pair Corr

Moving against Franklin Etf

0.89	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.86	MSFT	Microsoft Aggressive Push	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.59	AXP	American Express	Pair Corr
0.5	MRK	Merck Company	Pair Corr
0.38	BA	Boeing	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.02	0.58	-0.53	0.3	0.43	0.28	0.9	-0.74	-0.03	META
MSFT	-0.02		-0.62	0.02	-0.8	0.7	0.89	0.13	0.43	-0.55	MSFT
UBER	0.58	-0.62		-0.28	0.81	-0.27	-0.53	0.51	-0.84	0.57	UBER
F	-0.53	0.02	-0.28		0.0	-0.09	-0.16	-0.37	0.51	0.36	F
T	0.3	-0.8	0.81	0.0		-0.59	-0.71	0.16	-0.65	0.6	T
A	0.43	0.7	-0.27	-0.09	-0.59		0.8	0.62	0.11	-0.34	A
CRM	0.28	0.89	-0.53	-0.16	-0.71	0.8		0.36	0.23	-0.61	CRM
JPM	0.9	0.13	0.51	-0.37	0.16	0.62	0.36		-0.63	0.06	JPM
MRK	-0.74	0.43	-0.84	0.51	-0.65	0.11	0.23	-0.63		-0.32	MRK
XOM	-0.03	-0.55	0.57	0.36	0.6	-0.34	-0.61	0.06	-0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.81	UBER
CRM	+ 0.8	A
A	+ 0.7	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.84	UBER
T	- 0.8	MSFT
MRK	- 0.74	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Franklin Liberty Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin Liberty ETF 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 Liberty'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
META	1.63	0.04	0.02	0.00	2.27	(1.46)	2.96	(3.73)	8.90
MSFT	1.11	(0.18)	0.00	(0.29)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.40	0.18	0.75	2.03	(2.05)	4.72	(3.13)	12.75
F	1.44	0.14	0.06	0.09	2.12	(1.42)	2.71	(2.88)	10.14
T	0.99	0.29	0.19	0.56	1.43	(1.11)	1.90	(1.55)	11.66
A	1.16	(0.14)	0.00	(0.20)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.29)	0.00	(0.29)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.14	0.10	0.05	0.05	1.76	(1.09)	2.16	(3.35)	6.85
MRK	1.16	(0.11)	0.00	1.03	0.00	0.00	2.07	(1.80)	11.58
XOM	1.03	0.13	0.10	0.27	1.28	(1.06)	2.55	(2.36)	5.89

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