Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual European
TEURX Fund  USD 27.96  0.11  0.39%   
The current 90-days correlation between Franklin Mutual European and Rbc Global Equity is 0.04 (i.e., Significant 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 European 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 Mutual European 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 European. 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

  0.86TEBIX Franklin Mutual BeaconPairCorr
  0.92TEDMX Templeton DevelopingPairCorr
  0.87TEDIX Franklin Mutual GlobalPairCorr
  0.87TEDSX Franklin Mutual GlobalPairCorr
  0.87TEDRX Franklin Mutual GlobalPairCorr
  0.99TEFRX Templeton ForeignPairCorr
  0.99TEFTX Templeton ForeignPairCorr
  0.96TEGBX Templeton Global BondPairCorr
  0.64TEGRX Templeton GrowthPairCorr
  0.99TEMFX Templeton ForeignPairCorr
  0.85TEMEX Franklin Mutual BeaconPairCorr
  1.0TEMIX Franklin Mutual EuropeanPairCorr
  0.94TEMQX Mutual QuestPairCorr
  0.62FQCHX Franklin Templeton SmacsPairCorr
  0.94TEQIX Franklin Mutual QuestPairCorr
  0.64TEPLX Templeton GrowthPairCorr
  0.89LGGAX Clearbridge InternationalPairCorr
  0.99LGIEX Qs International EquityPairCorr
  0.98WAARX Western Asset TotalPairCorr

Moving against Franklin Mutual Fund

  0.41TEMGX Templeton Global SmallerPairCorr
  0.43TESGX Templeton Global SmallerPairCorr
  0.38SAGYX Clearbridge AggressivePairCorr
  0.4SASMX Clearbridge Small CapPairCorr
  0.31SAPYX Clearbridge AppreciationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
PBLIX
+ 0.97
LMLRX
ARECX
+ 0.84
LMLRX
GMLVX
+ 0.77
LFLCX
PBLIX
+ 0.76
ARECX
PBLIX
+ 0.74
RGELX
ARECX
+ 0.73
LFLCX
  
High negative correlations   
LFLCX
- 0.05
RGELX

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