Franklin Convertible Correlations

Mutual Funds . USA . 
Fund . Franklin Vertible Securities
FISCX Fund  USD 24.12  0.14  0.58%   
The current 90-days correlation between Franklin Convertible and Franklin Equity Income is 0.86 (i.e., Very poor diversification). The correlation of Franklin Convertible 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 Convertible Correlation With Market

Very poor diversification

The correlation between Franklin Vertible Securities and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Vertible Securities 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 Vertible Securities. 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 main economic indicators.

Moving together with Franklin Mutual Fund

  0.98TEBIX Franklin Mutual BeaconPairCorr
  0.99TEDMX Templeton DevelopingPairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.98TEDSX Franklin Mutual GlobalPairCorr
  0.98TEDRX Franklin Mutual GlobalPairCorr
  0.98TEFRX Templeton ForeignPairCorr
  0.98TEFTX Templeton ForeignPairCorr
  0.89TEGBX Templeton Global BondPairCorr
  0.99TEGRX Templeton GrowthPairCorr
  0.98TEMFX Templeton ForeignPairCorr
  0.99TEMGX Templeton Global SmallerPairCorr
  0.98TEMEX Franklin Mutual BeaconPairCorr
  0.98TEMMX Templeton EmergingPairCorr
  0.96TEMIX Franklin Mutual EuropeanPairCorr
  0.99TEMWX Templeton WorldPairCorr
  0.99TEMTX Franklin Mutual SharesPairCorr
  0.99TEMQX Mutual QuestPairCorr
  0.98SAIFX Clearbridge Large CapPairCorr
  0.99SAGYX Clearbridge AggressivePairCorr
  0.98TEMZX Templeton EmergingPairCorr
  0.97FQEMX Franklin Templeton SmacsPairCorr
  0.99TEQIX Franklin Mutual QuestPairCorr
  0.99TEPLX Templeton GrowthPairCorr
  0.99TWDAX Templeton WorldPairCorr
  0.99TESIX Franklin Mutual SharesPairCorr
  0.99TESGX Templeton Global SmallerPairCorr
  0.99TESRX Franklin Mutual SharesPairCorr
  0.9LGGAX Clearbridge InternationalPairCorr
  0.96TEURX Franklin Mutual EuropeanPairCorr
  0.92LGIEX Qs International EquityPairCorr
  0.99TEWTX Templeton WorldPairCorr
  0.99SAPYX Clearbridge AppreciationPairCorr
  0.99SASMX Clearbridge Small CapPairCorr
  0.92WAADX Western Asset SmashPairCorr
  0.85WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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