Franklin Adjustable Correlations

Mutual Funds . USA . 
Fund . Franklin Adjustable Government
FISAX Fund  USD 7.54  0.00  0.00%   
The current 90-days correlation between Franklin Adjustable and Victory Diversified Stock is 0.06 (i.e., Significant diversification). The correlation of Franklin Adjustable 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 Adjustable Correlation With Market

Average diversification

The correlation between Franklin Adjustable Government and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Adjustable Government 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 Adjustable Government. 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 nation.

Moving together with Franklin Mutual Fund

  0.82TEDIX Franklin Mutual GlobalPairCorr
  0.61TEFRX Templeton ForeignPairCorr
  0.78WAFAX Western Asset InflationPairCorr
  0.61FREIX Franklin Equity IncomePairCorr
  0.63FRGOX Franklin Gold PreciousPairCorr
  0.86FRNRX Franklin Natural ResPairCorr
  0.72FTFZX Franklin Federal LimPairCorr
  0.93FCSCX Franklin AdjustablePairCorr
  0.67CIABX Western Asset ShortPairCorr
  0.94ARMZX Western Asset AdjustablePairCorr
  0.85FEMDX Franklin Emerging MarketPairCorr
  0.61FHYIX Franklin High YieldPairCorr
  0.71FKFSX Franklin GovernmentPairCorr
  0.81LANIX Qs Growth FundPairCorr
  0.8SMYIX Qs Global EquityPairCorr
  0.96FLDZX Franklin Low DurationPairCorr
  0.71FLMTX Franklin LifesmartPairCorr
  0.69LBWIX Legg Mason BwPairCorr
  0.84FMTIX Franklin ModeratePairCorr
  0.72LFLCX Legg Mason GlobalPairCorr
  0.93EASDX Eaton Vance ShortPairCorr
  0.63VFIRX Vanguard Short TermPairCorr
  0.63VFISX Vanguard Short TermPairCorr
  0.67VSGBX Vanguard Short TermPairCorr
  0.68VSGDX Vanguard Short TermPairCorr
  0.62FUMBX Fidelity Short TermPairCorr
  0.97ECLDX Eaton Vance ShortPairCorr
  0.98EALDX Eaton Vance ShortPairCorr
  0.94EILDX Eaton Vance ShortPairCorr
  0.81RYCCX Nasdaq 100 2xPairCorr
  0.81UOPSX Ultranasdaq 100 ProfundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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