Franklin Mutual Correlations

Mutual Funds USA . 
Fund . Franklin Mutual Beacon
BEGRX Fund  USD 19.05  0.38  2.04%   
The current 90-days correlation between Franklin Mutual Beacon and Ab Global Risk is 0.64 (i.e., Poor 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.
  
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Franklin Mutual Fund

  0.65TEDIX Franklin Mutual GlobalPairCorr
  0.75GPICX Guidepath ConservativePairCorr
  0.74DD Dupont De NemoursPairCorr
  0.71MMM 3M CompanyPairCorr
  0.61PFE Pfizer IncPairCorr
  0.76MRK Merck Company Aggressive PushPairCorr
  0.74KO Coca Cola Aggressive PushPairCorr
  0.63AXP American ExpressPairCorr
  0.66AA Alcoa CorpPairCorr
  0.73IBM International BusinessPairCorr

Moving against Franklin Mutual Fund

  0.7HD Home DepotPairCorr
  0.58USA Liberty All StarPairCorr
  0.56HPQ HP Inc Earnings Call TomorrowPairCorr
  0.54BA BoeingPairCorr
  0.52VZ Verizon CommunicationsPairCorr
  0.44ASG Liberty All StarPairCorr
  0.4DIS Walt DisneyPairCorr

Related Correlations Analysis


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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