Franklin Founding Correlations

Mutual Funds . USA . 
Fund . Franklin Founding Funds
FFARX Fund  USD 16.54  0.04  0.24%   
The current 90-days correlation between Franklin Founding Funds and Franklin Mutual Beacon is -0.14 (i.e., Good diversification). The correlation of Franklin Founding 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 Founding Correlation With Market

Very poor diversification

The correlation between Franklin Founding Funds and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Founding Funds 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 Founding Funds. 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

  0.97TEBIX Franklin Mutual BeaconPairCorr
  0.97TEDMX Templeton DevelopingPairCorr
  0.97TEDIX Franklin Mutual GlobalPairCorr
  0.97TEDSX Franklin Mutual GlobalPairCorr
  0.99TEDRX Franklin Mutual GlobalPairCorr
  0.99TEFRX Templeton ForeignPairCorr
  0.98TEFTX Templeton ForeignPairCorr
  0.9TEGBX Templeton Global BondPairCorr
  0.99TEGRX Templeton GrowthPairCorr
  0.98TEMFX Templeton ForeignPairCorr
  0.97TEMGX Templeton Global SmallerPairCorr
  0.99TEMEX Franklin Mutual BeaconPairCorr
  0.98TEMMX Templeton EmergingPairCorr
  0.97TEMIX Franklin Mutual EuropeanPairCorr
  0.98TEMWX Templeton WorldPairCorr
  0.98TEMTX Franklin Mutual SharesPairCorr
  0.97TEMQX Mutual QuestPairCorr
  0.96SAIFX Clearbridge Large CapPairCorr
  0.99SAGYX Clearbridge AggressivePairCorr
  0.99TEMZX Templeton EmergingPairCorr
  0.94FQEMX Franklin Templeton SmacsPairCorr
  0.97TEQIX Franklin Mutual QuestPairCorr
  0.98TEPLX Templeton GrowthPairCorr
  0.99TWDAX Templeton WorldPairCorr
  0.97TESIX Franklin Mutual SharesPairCorr
  0.98TESGX Templeton Global SmallerPairCorr
  0.98TESRX Franklin Mutual SharesPairCorr
  0.94LGGAX Clearbridge InternationalPairCorr
  0.98TEURX Franklin Mutual EuropeanPairCorr
  0.96LGIEX Qs International EquityPairCorr
  0.98TEWTX Templeton WorldPairCorr
  1.0SAPYX Clearbridge AppreciationPairCorr
  0.99SASMX Clearbridge Small CapPairCorr
  0.89WAADX Western Asset SmashPairCorr
  0.82WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Founding 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 Founding'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEBIX  0.56  0.19  0.01 (1.65) 0.43 
(0.63)
 1.43 
(1.12)
 3.58 
TEDMX  0.58  0.29  0.18  194.72  0.12 
(0.74)
 1.58 
(1.27)
 4.48 
TEDIX  0.51  0.16 (0.03)(2.15) 0.50 
(0.54)
 1.12 
(1.33)
 3.32 
TEDSX  0.51  0.16 (0.03)(1.93) 0.52 
(0.53)
 1.15 
(1.32)
 3.37 
TEDRX  0.51  0.07  0.01  0.27  0.46 
(0.55)
 1.14 
(1.33)
 3.36 
TEFRX  0.65  0.14  0.10  0.41  0.40 
(0.82)
 1.76 
(1.39)
 4.25 
TEFTX  0.64  0.23  0.06 (2.66) 0.49 
(0.81)
 1.71 
(1.35)
 4.24 
TEGBX  0.34  0.08 (0.20) 3.22  0.18 
(0.45)
 0.87 
(0.43)
 2.11 
TEGRX  0.52  0.15  0.15  0.39  0.00 
(0.61)
 1.83 
(0.92)
 3.53 
TEMFX  0.66  0.23  0.07 (2.49) 0.44 
(0.80)
 1.72 
(1.35)
 4.14 

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