Franklin Lifesmart Correlations

FTTAX Fund

USD 15.87 0.12 0.76%

The current 90-days correlation between Franklin Lifesmart 2045 and Ab Global Bond is 0.16 (i.e., Average diversification). The correlation of Franklin Lifesmart 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 Lifesmart Correlation With Market

Poor diversification

The correlation between Franklin Lifesmart 2045 and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Lifesmart 2045 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 Lifesmart 2045. 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

0.64	TEBIX	Franklin Mutual Beacon	Pair Corr
0.64	TEMEX	Franklin Mutual Beacon	Pair Corr
0.87	TEMWX	Templeton World Downward Rally	Pair Corr
0.67	TEMQX	Mutual Quest	Pair Corr
0.61	SAIFX	Clearbridge Large Cap	Pair Corr
0.67	TEQIX	Franklin Mutual Quest	Pair Corr
0.86	TWDAX	Templeton World Downward Rally	Pair Corr
0.61	FQLAX	Franklin Louisiana Tax	Pair Corr
0.86	TEWTX	Templeton World	Pair Corr
0.7	SASMX	Clearbridge Small Cap	Pair Corr

Related Correlations Analysis

	ANAGX	PHDTX	PRINX	AFB	PRVBX	PRFHX
ANAGX		0.07	0.77	0.84	0.78	0.81	ANAGX
PHDTX	0.07		0.49	-0.07	0.25	0.31	PHDTX
PRINX	0.77	0.49		0.73	0.62	0.97	PRINX
AFB	0.84	-0.07	0.73		0.57	0.83	AFB
PRVBX	0.78	0.25	0.62	0.57		0.62	PRVBX
PRFHX	0.81	0.31	0.97	0.83	0.62		PRFHX
	ANAGX	PHDTX	PRINX	AFB	PRVBX	PRFHX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PRFHX	+ 0.97	PRINX
AFB	+ 0.84	ANAGX
PRFHX	+ 0.83	AFB
PRFHX	+ 0.81	ANAGX
PRVBX	+ 0.78	ANAGX
PRINX	+ 0.77	ANAGX

High negative correlations

AFB

- 0.07

PHDTX

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Lifesmart 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 Lifesmart'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
ANAGX	0.18	(0.04)	0.00	(1.24)	0.00	0.00	0.29	(0.29)	1.01
PHDTX	0.09	(0.01)	(0.15)	(0.25)	0.14	(0.13)	0.11	(0.22)	0.78
PRINX	0.20	(0.03)	0.00	0.89	0.00	0.00	0.44	(0.52)	1.60
AFB	0.54	(0.09)	0.00	(21.77)	0.00	0.00	0.90	(1.31)	2.93
PRVBX	0.09	(0.02)	0.00	(0.55)	0.00	0.00	0.17	(0.20)	0.50
PRFHX	0.19	(0.04)	0.00	0.79	0.00	0.00	0.44	(0.44)	1.61

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