Franklin International Correlations

Etfs . USA . 
Etf . Franklin International Low
LVHI Etf  USD 32.85  0.20  0.61%   
The current 90-days correlation between Franklin International and Legg Mason Low is 0.54 (i.e., Very weak diversification). The correlation of Franklin International 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 International Correlation With Market

Very weak diversification

The correlation between Franklin International Low and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin International Low and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Franklin International Low. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Franklin Etf

  0.98EFV iShares MSCI EAFEPairCorr
  0.98FNDF Schwab FundamentalPairCorr
  0.98VYMI Vanguard InternationalPairCorr
  0.97IDV iShares InternationalPairCorr
  0.99DFIV Dimensional InternationalPairCorr
  0.98IVLU iShares Edge MSCIPairCorr
  0.98RODM Hartford MultifactorPairCorr
  0.99PXF Invesco FTSE RAFIPairCorr
  0.98HDEF Xtrackers MSCI EAFEPairCorr
  0.91PID Invesco InternationalPairCorr
  0.92BABX GraniteShares 175x LongPairCorr
  0.92GDXU MicroSectors Gold MinersPairCorr
  0.94XPP ProShares Ultra FTSEPairCorr
  0.92JNUG Direxion Daily Junior Potential GrowthPairCorr
  0.62KO Coca Cola Sell-off TrendPairCorr

Moving against Franklin Etf

  0.48BAC Bank of America Aggressive PushPairCorr
  0.33WTID UBS ETRACS Upward RallyPairCorr
  0.55AXP American ExpressPairCorr
  0.51CAT CaterpillarPairCorr
  0.44HPQ HP IncPairCorr
  0.4DIS Walt DisneyPairCorr
  0.38AA Alcoa CorpPairCorr
  0.33MRK Merck CompanyPairCorr

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   
IQDF
+ 0.98
HDEF
IQDF
+ 0.88
LVHD
HDEF
+ 0.87
LVHD
IHDG
+ 0.58
LVHD
IQDF
+ 0.51
IHDG
IHDG
+ 0.41
HDEF
  
High negative correlations   
XSHD
- 0.47
HDEF
IQDF
- 0.37
XSHD
XSHD
- 0.17
LVHD

Franklin International Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin International 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 International'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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