Franklin Low Correlations

Mutual Funds . USA . 
Fund . Franklin Low Duration
FLDAX Fund  USD 8.99  0.01  0.11%   
The current 90-days correlation between Franklin Low Duration and Franklin Mutual Beacon is 0.01 (i.e., Significant diversification). The correlation of Franklin Low 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Low Duration. 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

  0.87TEBIX Franklin Mutual BeaconPairCorr
  0.91TEDMX Templeton DevelopingPairCorr
  0.88TEDIX Franklin Mutual GlobalPairCorr
  0.88TEDSX Franklin Mutual GlobalPairCorr
  0.88TEDRX Franklin Mutual GlobalPairCorr
  0.86TEFRX Templeton ForeignPairCorr
  0.86TEFTX Templeton ForeignPairCorr
  0.93TEGBX Templeton Global BondPairCorr
  0.9TEGRX Templeton GrowthPairCorr
  0.86TEMFX Templeton ForeignPairCorr
  0.85TEMGX Templeton Global SmallerPairCorr
  0.87TEMEX Franklin Mutual BeaconPairCorr
  0.87TEMMX Templeton EmergingPairCorr
  0.87TEMIX Franklin Mutual EuropeanPairCorr
  0.9TEMWX Templeton WorldPairCorr
  0.89TEMTX Franklin Mutual SharesPairCorr
  0.89TEMQX Mutual QuestPairCorr
  0.87SAIFX Clearbridge Large CapPairCorr
  0.87SAGYX Clearbridge AggressivePairCorr
  0.87TEMZX Templeton EmergingPairCorr
  0.93FQEMX Franklin Templeton SmacsPairCorr
  0.89TEQIX Franklin Mutual QuestPairCorr
  0.9TEPLX Templeton GrowthPairCorr
  0.9TWDAX Templeton WorldPairCorr
  0.89TESIX Franklin Mutual SharesPairCorr
  0.85TESGX Templeton Global SmallerPairCorr
  0.89TESRX Franklin Mutual SharesPairCorr
  0.8LGGAX Clearbridge InternationalPairCorr
  0.87TEURX Franklin Mutual EuropeanPairCorr
  0.85LGIEX Qs International EquityPairCorr
  0.9TEWTX Templeton WorldPairCorr
  0.89SAPYX Clearbridge AppreciationPairCorr
  0.86SASMX Clearbridge Small CapPairCorr
  0.78WAADX Western Asset SmashPairCorr
  0.95WAARX Western Asset TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Low 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 Low'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  0.06 (2.03) 0.43 
(0.63)
 1.43 
(1.12)
 3.58 
TEDMX  0.58  0.29  0.22 (219.25) 0.15 
(0.73)
 1.58 
(1.27)
 4.48 
TEDIX  0.51  0.16  0.01 (2.12) 0.50 
(0.53)
 1.12 
(1.33)
 3.32 
TEDSX  0.51  0.15  0.01 (1.92) 0.52 
(0.53)
 1.15 
(1.32)
 3.37 
TEDRX  0.51  0.06  0.01  0.24  0.51 
(0.54)
 1.12 
(1.33)
 3.36 
TEFRX  0.66  0.14  0.10  0.36  0.46 
(0.82)
 1.76 
(1.39)
 4.25 
TEFTX  0.65  0.23  0.10 (2.38) 0.48 
(0.81)
 1.71 
(1.35)
 4.24 
TEGBX  0.33  0.07 (0.15) 2.96  0.19 
(0.44)
 0.87 
(0.43)
 2.11 
TEGRX  0.54  0.15  0.14  0.34  0.24 
(0.61)
 1.83 
(1.01)
 3.53 
TEMFX  0.66  0.23  0.11 (2.23) 0.44 
(0.80)
 1.72 
(1.35)
 4.14 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY