Franklin Small Correlations

Mutual Funds . USA . 
Fund . Franklin Small Cap
FCSGX Fund  USD 14.81  0.18  1.23%   
The current 90-days correlation between Franklin Small Cap and Pace International Equity is 0.19 (i.e., Average diversification). The correlation of Franklin Small 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 Small Correlation With Market

Good diversification

The correlation between Franklin Small Cap and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Small Cap. 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 price.

Moving together with Franklin Mutual Fund

  0.93TEBIX Franklin Mutual BeaconPairCorr
  0.92TEDMX Templeton DevelopingPairCorr
  0.93TEDIX Franklin Mutual GlobalPairCorr
  0.96TEDSX Franklin Mutual GlobalPairCorr
  0.93TEDRX Franklin Mutual GlobalPairCorr
  0.93TEFRX Templeton ForeignPairCorr
  0.97TEFTX Templeton ForeignPairCorr
  0.92TEGRX Templeton GrowthPairCorr
  0.93TEMFX Templeton ForeignPairCorr
  0.93TEMGX Templeton Global SmallerPairCorr
  0.93TEMEX Franklin Mutual BeaconPairCorr
  0.88TEMMX Templeton EmergingPairCorr
  0.91TEMIX Franklin Mutual EuropeanPairCorr
  0.93TEMWX Templeton WorldPairCorr
  0.88TEMTX Franklin Mutual SharesPairCorr
  0.9TEMQX Mutual QuestPairCorr
  0.91SAIFX Clearbridge Large CapPairCorr
  0.85SAGYX Clearbridge AggressivePairCorr
  0.88TEMZX Templeton EmergingPairCorr
  0.9FQEMX Franklin Templeton SmacsPairCorr
  0.91TEQIX Franklin Mutual QuestPairCorr
  0.92TEPLX Templeton GrowthPairCorr
  0.98TWDAX Templeton WorldPairCorr
  0.93TESIX Franklin Mutual SharesPairCorr
  0.93TESGX Templeton Global SmallerPairCorr
  0.93TESRX Franklin Mutual SharesPairCorr
  0.89LGGAX Clearbridge InternationalPairCorr
  0.91TEURX Franklin Mutual EuropeanPairCorr
  0.82LGIEX Qs International EquityPairCorr
  0.93TEWTX Templeton WorldPairCorr
  0.9SAPYX Clearbridge AppreciationPairCorr
  0.92SASMX Clearbridge Small CapPairCorr
  0.78WAADX Western Asset SmashPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Small 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 Small'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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