Franklin Wireless Correlations

FKWL Stock

USD 3.93 0.02 0.51%

The current 90-days correlation between Franklin Wireless Corp and Collplant Biotechnologies is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Wireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Wireless Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin Wireless Correlation With Market

Modest diversification

The correlation between Franklin Wireless Corp and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Wireless Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Franklin Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Wireless Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving against Franklin Stock

0.92	LITE	Lumentum Holdings	Pair Corr
0.91	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.91	CSCO	Cisco Systems	Pair Corr
0.91	IBM	International Business Earnings Call This Week	Pair Corr
0.9	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.89	AVNW	Aviat Networks	Pair Corr
0.86	ALLT	Allot Communications	Pair Corr
0.85	VRRM	Verra Mobility Corp	Pair Corr
0.84	LPL	LG Display Earnings Call This Week	Pair Corr
0.81	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.75	FRGE	Forge Global Holdings	Pair Corr
0.74	RGTIW	Rigetti Computing Trending	Pair Corr
0.74	RGTI	Rigetti Computing Trending	Pair Corr
0.73	ITRN	Ituran Location	Pair Corr
0.7	AMBA	Ambarella	Pair Corr
0.66	CRNT	Ceragon Networks	Pair Corr
0.65	NTGR	NETGEAR	Pair Corr
0.62	ADTN	ADTRAN Inc	Pair Corr
0.54	INTC	Intel Earnings Call This Week	Pair Corr
0.51	ENLV	Enlivex Therapeutics	Pair Corr
0.38	AUDC	AudioCodes	Pair Corr
0.34	GILT	Gilat Satellite Networks	Pair Corr
0.92	DIS	Walt Disney	Pair Corr
0.91	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.88	BAC	Bank of America	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.81	AXP	American Express	Pair Corr
0.81	AA	Alcoa Corp	Pair Corr
0.81	BA	Boeing	Pair Corr
0.77	PFE	Pfizer Inc	Pair Corr
0.75	CVX	Chevron Corp	Pair Corr
0.71	CAMT	Camtek	Pair Corr
0.63	LTRY	Lottery, Common Stock	Pair Corr
0.47	GITS	Global Interactive Symbol Change	Pair Corr
0.46	T	ATT Inc Earnings Call This Week	Pair Corr
0.43	BFDE	Bedford Energy	Pair Corr

Related Correlations Analysis

	BEWFF	CLGN	CXDO	ELST	FEIM	LFVN	PRDO	TPTW	VMD	WLAN
BEWFF		-0.37	0.69	0.19	0.63	0.13	0.78	-0.29	-0.24	0.2	BEWFF
CLGN	-0.37		-0.5	-0.37	-0.4	0.03	-0.18	-0.01	-0.21	0.3	CLGN
CXDO	0.69	-0.5		0.07	0.56	0.14	0.67	-0.06	0.14	0.0	CXDO
ELST	0.19	-0.37	0.07		0.09	-0.17	0.23	-0.07	0.06	-0.11	ELST
FEIM	0.63	-0.4	0.56	0.09		0.16	0.43	-0.33	0.12	0.15	FEIM
LFVN	0.13	0.03	0.14	-0.17	0.16		-0.02	0.12	-0.24	0.04	LFVN
PRDO	0.78	-0.18	0.67	0.23	0.43	-0.02		-0.11	-0.12	0.32	PRDO
TPTW	-0.29	-0.01	-0.06	-0.07	-0.33	0.12	-0.11		-0.13	-0.25	TPTW
VMD	-0.24	-0.21	0.14	0.06	0.12	-0.24	-0.12	-0.13		-0.18	VMD
WLAN	0.2	0.3	0.0	-0.11	0.15	0.04	0.32	-0.25	-0.18		WLAN
	BEWFF	CLGN	CXDO	ELST	FEIM	LFVN	PRDO	TPTW	VMD	WLAN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PRDO	+ 0.78	BEWFF
CXDO	+ 0.69	BEWFF
PRDO	+ 0.67	CXDO
FEIM	+ 0.63	BEWFF
FEIM	+ 0.56	CXDO
PRDO	+ 0.43	FEIM

High negative correlations

CXDO	- 0.5	CLGN
FEIM	- 0.4	CLGN
ELST	- 0.37	CLGN
CLGN	- 0.37	BEWFF
TPTW	- 0.33	FEIM
TPTW	- 0.29	BEWFF

Risk-Adjusted Indicators

There is a big difference between Franklin Stock performing well and Franklin Wireless Company 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 Wireless' 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BEWFF	2.00	0.47	0.09	(1.36)	1.61	(4.31)	6.38	(3.64)	16.71
CLGN	6.91	0.49	0.03	(0.73)	8.30	(9.54)	15.28	(13.39)	106.12
CXDO	2.48	0.15	0.10	0.21	2.54	(3.06)	4.89	(4.06)	16.06
ELST	7.33	0.83	0.03	(1.20)	9.50	(27.62)	25.00	(20.00)	131.87
FEIM	3.28	0.31	0.07	0.50	3.87	(3.59)	7.37	(5.82)	27.35
LFVN	2.61	(0.24)	0.00	(0.09)	0.00	0.00	5.30	(5.35)	13.79
PRDO	1.53	0.11	0.08	0.23	1.20	(2.03)	3.20	(2.33)	25.74
TPTW	3.03	(0.77)	0.00	0.00	0.00	0.00	0.00	0.00	150.00
VMD	1.60	(0.11)	(0.05)	0.00	2.64	(1.66)	3.51	(3.44)	16.08
WLAN	4.59	0.60	0.02	(0.31)	5.89	(11.26)	11.11	(10.00)	45.00

Franklin Wireless Corporate Management

Yun Lee	Senior Business	Profile
Reid Granados	Interim Officer	Profile
William Bauer	General Secretary	Profile
John Parks	Director Operation	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC