Franklin Mutual Correlations

TEMEX Fund

USD 16.92 0.03 0.18%

The current 90-days correlation between Franklin Mutual Beacon and Limited Term Tax is 0.18 (i.e., Average 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

Poor diversification

The correlation between Franklin Mutual Beacon and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Beacon 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 Beacon. 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 income.

Moving together with Franklin Mutual Fund

1.0	TEBIX	Franklin Mutual Beacon	Pair Corr
0.85	TEDMX	Templeton Developing	Pair Corr
0.95	TEDIX	Franklin Mutual Global	Pair Corr
0.95	TEDSX	Franklin Mutual Global	Pair Corr
0.95	TEDRX	Franklin Mutual Global	Pair Corr
0.82	TEFRX	Templeton Foreign	Pair Corr
0.83	TEFTX	Templeton Foreign	Pair Corr
0.85	TEGBX	Templeton Global Bond	Pair Corr
0.8	TEGRX	Templeton Growth	Pair Corr
0.83	TEMFX	Templeton Foreign	Pair Corr
0.83	TEMIX	Franklin Mutual European	Pair Corr
0.91	TEMQX	Mutual Quest	Pair Corr
0.62	FQCTX	Franklin Necticut Tax	Pair Corr
0.69	FQCHX	Franklin Templeton Smacs	Pair Corr
0.62	FQEMX	Franklin Templeton Smacs	Pair Corr
0.9	TEQIX	Franklin Mutual Quest	Pair Corr
0.81	TEPLX	Templeton Growth	Pair Corr
0.69	TESIX	Franklin Mutual Shares	Pair Corr
0.68	TESRX	Franklin Mutual Shares	Pair Corr
0.94	LGGAX	Clearbridge International	Pair Corr
0.83	TEURX	Franklin Mutual European	Pair Corr
0.86	LGIEX	Qs International Equity	Pair Corr
0.67	FQLAX	Franklin Louisiana Tax	Pair Corr
0.64	FQNCX	Franklin North Carolina	Pair Corr
0.82	WAARX	Western Asset Total	Pair Corr

Related Correlations Analysis

	LTXFX	USGDX	RGVCX	FMUUX	HMKAX	MSTPX	PRFHX	UGSFX
LTXFX		0.88	0.89	0.91	0.95	0.89	0.95	0.89	LTXFX
USGDX	0.88		0.98	0.84	0.8	0.75	0.8	0.98	USGDX
RGVCX	0.89	0.98		0.89	0.76	0.69	0.77	1.0	RGVCX
FMUUX	0.91	0.84	0.89		0.76	0.74	0.76	0.9	FMUUX
HMKAX	0.95	0.8	0.76	0.76		0.93	0.99	0.77	HMKAX
MSTPX	0.89	0.75	0.69	0.74	0.93		0.93	0.7	MSTPX
PRFHX	0.95	0.8	0.77	0.76	0.99	0.93		0.78	PRFHX
UGSFX	0.89	0.98	1.0	0.9	0.77	0.7	0.78		UGSFX
	LTXFX	USGDX	RGVCX	FMUUX	HMKAX	MSTPX	PRFHX	UGSFX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LTXFX	0.10	0.00	0.16	(0.27)	0.12	(0.14)	0.26	(0.20)	0.65
USGDX	0.68	0.02	0.06	2.27	0.77	(0.80)	1.45	(1.45)	3.93
RGVCX	0.25	0.02	0.17	1.40	0.23	(0.30)	0.51	(0.50)	1.38
FMUUX	0.03	0.00	0.00	(0.06)	0.00	0.00	0.10	0.00	0.40
HMKAX	0.17	(0.01)	0.00	(0.43)	0.00	0.00	0.30	(0.40)	1.00
MSTPX	0.13	(0.01)	0.00	0.50	0.00	0.00	0.20	(0.30)	0.91
PRFHX	0.19	(0.01)	0.00	(0.65)	0.00	0.00	0.37	(0.54)	1.27
UGSFX	0.25	0.02	0.15	0.73	0.24	(0.30)	0.60	(0.50)	1.55

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Franklin Mutual Correlations

Franklin Mutual Correlation With Market

Poor diversification

Moving together with Franklin Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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