Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Global
TEDSX Fund  USD 30.85  0.09  0.29%   
The current 90-days correlation between Franklin Mutual Global and Health Care Ultrasector is 0.24 (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 0.41 (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 state.

Moving together with Franklin Mutual Fund

  0.95TEBIX Franklin Mutual BeaconPairCorr
  0.85TEDMX Templeton DevelopingPairCorr
  1.0TEDIX Franklin Mutual GlobalPairCorr
  1.0TEDRX Franklin Mutual GlobalPairCorr
  0.83TEFRX Templeton ForeignPairCorr
  0.83TEFTX Templeton ForeignPairCorr
  0.88TEGBX Templeton Global BondPairCorr
  0.64TEGRX 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
  0.82TEQIX Franklin Mutual QuestPairCorr
  0.64TEPLX Templeton GrowthPairCorr
  0.64TESIX Franklin Mutual SharesPairCorr
  0.64TESRX Franklin Mutual SharesPairCorr
  0.85LGGAX Clearbridge InternationalPairCorr
  0.82TEURX Franklin Mutual EuropeanPairCorr
  0.9LGIEX Qs International EquityPairCorr
  0.82WAARX 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   
XHQHX
+ 0.88
HGHYX
PGHAX
+ 0.86
HCPIX
HGHYX
+ 0.67
HCPIX
PGHAX
+ 0.59
HGHYX
XHQHX
+ 0.4
HCPIX
PGHAX
+ 0.38
XHQHX
  
High negative correlations   
PJHRX
- 0.28
HCPIX

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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