Franklin Growth Correlations

Mutual Funds . USA . 
Fund . Franklin Growth Fund
FIFRX Fund  USD 146.16  0.10  0.07%   
The current 90-days correlation between Franklin Growth and Ab Select Equity is 0.98 (i.e., Almost no diversification). The correlation of Franklin Growth 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 Growth Correlation With Market

Almost no diversification

The correlation between Franklin Growth Fund and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Growth Fund 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 Growth Fund. 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

  0.98TEBIX Franklin Mutual BeaconPairCorr
  0.98TEDMX Templeton DevelopingPairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.98TEDSX Franklin Mutual GlobalPairCorr
  0.98TEDRX Franklin Mutual GlobalPairCorr
  0.98TEFRX Templeton ForeignPairCorr
  0.97TEFTX Templeton ForeignPairCorr
  0.9TEGBX Templeton Global BondPairCorr
  1.0TEGRX Templeton GrowthPairCorr
  0.97TEMFX Templeton ForeignPairCorr
  0.68TEMGX Templeton Global SmallerPairCorr
  0.73TEMEX Franklin Mutual BeaconPairCorr
  0.69TEMMX Templeton EmergingPairCorr
  0.81TEMIX Franklin Mutual EuropeanPairCorr
  0.69TEMWX Templeton WorldPairCorr
  0.69TEMTX Franklin Mutual SharesPairCorr
  0.61TEMQX Mutual QuestPairCorr
  0.68SAIFX Clearbridge Large CapPairCorr
  0.77SAGYX Clearbridge AggressivePairCorr
  0.79TEMZX Templeton EmergingPairCorr
  0.99TEPLX Templeton GrowthPairCorr
  0.76TWDAX Templeton WorldPairCorr
  0.69TESIX Franklin Mutual SharesPairCorr
  0.69TESRX Franklin Mutual SharesPairCorr
  0.7LGGAX Clearbridge InternationalPairCorr
  0.81TEURX Franklin Mutual EuropeanPairCorr
  0.69TEWTX Templeton WorldPairCorr
  0.76SAPYX Clearbridge AppreciationPairCorr
  0.71WAADX Western Asset SmashPairCorr
  0.75LGVAX Clearbridge Value TrustPairCorr
  0.71TFEQX International EquityPairCorr
  0.73WAFAX Western Asset InflationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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