Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Global
TEDRX Fund  USD 29.95  0.09  0.30%   
The current 90-days correlation between Franklin Mutual Global and Precious Metals And is 0.21 (i.e., Modest diversification). The correlation of Franklin Mutual 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 Mutual Correlation With Market

Very weak diversification

The correlation between Franklin Mutual Global and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Global and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Franklin Mutual Global. 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

  0.95TEBIX Franklin Mutual BeaconPairCorr
  0.84TEDMX Templeton DevelopingPairCorr
  1.0TEDIX Franklin Mutual GlobalPairCorr
  1.0TEDSX Franklin Mutual GlobalPairCorr
  0.83TEFRX Templeton ForeignPairCorr
  0.83TEFTX Templeton ForeignPairCorr
  0.87TEGBX Templeton Global BondPairCorr
  0.63TEGRX Templeton GrowthPairCorr
  0.83TEMFX Templeton ForeignPairCorr
  0.95TEMEX Franklin Mutual BeaconPairCorr
  0.82TEMIX Franklin Mutual EuropeanPairCorr
  0.82TEMQX Mutual QuestPairCorr
  0.63FQCHX Franklin Templeton SmacsPairCorr
  0.81TEQIX Franklin Mutual QuestPairCorr
  0.63TEPLX Templeton GrowthPairCorr
  0.65TESIX Franklin Mutual SharesPairCorr
  0.64TESRX Franklin Mutual SharesPairCorr
  0.84LGGAX Clearbridge InternationalPairCorr
  0.82TEURX Franklin Mutual EuropeanPairCorr
  0.89LGIEX Qs International EquityPairCorr
  0.81WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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