Franklin Long Correlations

Mutual Funds . USA . 
Fund . Franklin Long Duration
FLDBX Fund   9.89  0.01  0.10%   
The current 90-days correlation between Franklin Long Duration and Franklin Mutual Beacon is 0.39 (i.e., Weak diversification). The correlation of Franklin Long 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 Long Correlation With Market

Weak diversification

The correlation between Franklin Long Duration and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Long Duration 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 Long 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 bureau of labor statistics.

Moving together with Franklin Mutual Fund

  0.7TEBIX Franklin Mutual BeaconPairCorr
  0.74TEDMX Templeton DevelopingPairCorr
  0.72TEDIX Franklin Mutual GlobalPairCorr
  0.71TEDSX Franklin Mutual GlobalPairCorr
  0.72TEDRX Franklin Mutual GlobalPairCorr
  0.69TEFRX Templeton ForeignPairCorr
  0.69TEFTX Templeton ForeignPairCorr
  0.81TEGBX Templeton Global BondPairCorr
  0.72TEGRX Templeton GrowthPairCorr
  0.69TEMFX Templeton ForeignPairCorr
  0.67TEMGX Templeton Global SmallerPairCorr
  0.7TEMEX Franklin Mutual BeaconPairCorr
  0.68TEMMX Templeton EmergingPairCorr
  0.69TEMIX Franklin Mutual EuropeanPairCorr
  0.73TEMWX Templeton WorldPairCorr
  0.76TEMTX Franklin Mutual SharesPairCorr
  0.73TEMQX Mutual QuestPairCorr
  0.64FQCTX Franklin Necticut TaxPairCorr
  0.71SAIFX Clearbridge Large CapPairCorr
  0.69SAGYX Clearbridge AggressivePairCorr
  0.68TEMZX Templeton EmergingPairCorr
  0.78FQEMX Franklin Templeton SmacsPairCorr
  0.73TEQIX Franklin Mutual QuestPairCorr
  0.72TEPLX Templeton GrowthPairCorr
  0.73TWDAX Templeton WorldPairCorr
  0.76TESIX Franklin Mutual SharesPairCorr
  0.67TESGX Templeton Global SmallerPairCorr
  0.76TESRX Franklin Mutual SharesPairCorr
  0.69TEURX Franklin Mutual EuropeanPairCorr
  0.66LGIEX Qs International EquityPairCorr
  0.73TEWTX Templeton WorldPairCorr
  0.71SAPYX Clearbridge AppreciationPairCorr
  0.69SASMX Clearbridge Small CapPairCorr
  0.94WAARX 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 Long 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 Long'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  0.09  0.06  0.26  0.43 
(0.63)
 1.43 
(1.12)
 3.58 
TEDMX  0.58  0.22  0.22  0.58  0.15 
(0.73)
 1.58 
(1.27)
 4.48 
TEDIX  0.51  0.07  0.02  0.24  0.50 
(0.53)
 1.12 
(1.33)
 3.32 
TEDSX  0.51  0.06  0.02  0.23  0.52 
(0.53)
 1.15 
(1.32)
 3.37 
TEDRX  0.51  0.07  0.02  0.24  0.51 
(0.53)
 1.12 
(1.33)
 3.36 
TEFRX  0.66  0.14  0.11  0.37  0.46 
(0.82)
 1.76 
(1.39)
 4.25 
TEFTX  0.65  0.14  0.11  0.37  0.48 
(0.81)
 1.71 
(1.35)
 4.24 
TEGBX  0.33  0.08 (0.13)(1.16) 0.19 
(0.44)
 0.87 
(0.43)
 2.11 
TEGRX  0.54  0.16  0.16  0.35  0.25 
(0.62)
 1.83 
(1.01)
 3.53 
TEMFX  0.66  0.14  0.11  0.38  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