Franklin Mutual Correlations
| TEURX Fund | USD 27.13 0.01 0.04% |
The current 90-days correlation between Franklin Mutual European and John Hancock Government is 0.27 (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 European and DJI is 0.45 (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.
Franklin |
Moving together with Franklin Mutual Fund
| 0.65 | TEBIX | Franklin Mutual Beacon | PairCorr |
| 0.71 | TEDMX | Templeton Developing | PairCorr |
| 0.94 | TEFRX | Templeton Foreign | PairCorr |
| 0.86 | TEFTX | Templeton Foreign | PairCorr |
| 0.79 | TEMFX | Templeton Foreign | PairCorr |
| 1.0 | TEMIX | Franklin Mutual European | PairCorr |
| 0.81 | TEMQX | Mutual Quest | PairCorr |
| 0.75 | FQEMX | Franklin Templeton Smacs | PairCorr |
| 0.9 | TEQIX | Franklin Mutual Quest | PairCorr |
| 0.94 | LGGAX | Clearbridge International | PairCorr |
| 0.72 | LGIEX | Qs International Equity | PairCorr |
| 0.75 | WAARX | Western Asset Total | PairCorr |
Related Correlations Analysis
| 0.95 | 0.67 | 0.94 | 0.0 | 0.15 | JGIFX | ||
| 0.95 | 0.74 | 0.98 | 0.0 | 0.18 | PMUAX | ||
| 0.67 | 0.74 | 0.8 | 0.0 | 0.63 | AUNTX | ||
| 0.94 | 0.98 | 0.8 | 0.0 | 0.25 | PBCAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PRRXX | ||
| 0.15 | 0.18 | 0.63 | 0.25 | 0.0 | FCSCX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JGIFX | 0.24 | 0.01 | 0.06 | 0.26 | 0.24 | 0.52 | 1.43 | |||
| PMUAX | 0.13 | 0.00 | 0.04 | 0.09 | 0.16 | 0.25 | 0.91 | |||
| AUNTX | 0.12 | 0.01 | 0.05 | 0.36 | 0.10 | 0.28 | 1.03 | |||
| PBCAX | 0.11 | 0.00 | 0.03 | 0.08 | 0.11 | 0.30 | 0.92 | |||
| PRRXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FCSCX | 0.06 | 0.01 | 0.13 | 1.86 | 0.00 | 0.13 | 0.67 |