Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Quest
TEQIX Fund  USD 14.83  0.08  0.54%   
The current 90-days correlation between Franklin Mutual Quest and T Rowe Price is -0.12 (i.e., Good 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 Quest and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Quest 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 Quest. 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 gross domestic product.

Moving together with Franklin Mutual Fund

  0.91TEBIX Franklin Mutual BeaconPairCorr
  0.88TEDMX Templeton DevelopingPairCorr
  0.82TEDIX Franklin Mutual GlobalPairCorr
  0.82TEDSX Franklin Mutual GlobalPairCorr
  0.81TEDRX Franklin Mutual GlobalPairCorr
  0.92TEFRX Templeton ForeignPairCorr
  0.92TEFTX Templeton ForeignPairCorr
  0.89TEGBX Templeton Global BondPairCorr
  0.83TEGRX Templeton GrowthPairCorr
  0.92TEMFX Templeton ForeignPairCorr
  0.9TEMEX Franklin Mutual BeaconPairCorr
  0.94TEMIX Franklin Mutual EuropeanPairCorr
  1.0TEMQX Mutual QuestPairCorr
  0.62FQCHX Franklin Templeton SmacsPairCorr
  0.66FQEMX Franklin Templeton SmacsPairCorr
  0.83TEPLX Templeton GrowthPairCorr
  0.78LGGAX Clearbridge InternationalPairCorr
  0.94TEURX Franklin Mutual EuropeanPairCorr
  0.62LGIEX Qs International EquityPairCorr
  0.62FQLAX Franklin Louisiana TaxPairCorr
  0.92WAARX Western Asset TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY