Franklin Low Correlations

Mutual Funds . USA . 
Fund . Franklin Low Duration
FLDZX Fund  USD 9.03  0.01  0.11%   
The current 90-days correlation between Franklin Low Duration and Semiconductor Ultrasector Profund is -0.15 (i.e., Good 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.

Franklin Low Correlation With Market

Significant diversification

The correlation between Franklin Low Duration and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Low 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 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

  0.73TEBIX Franklin Mutual BeaconPairCorr
  0.71TEDMX Templeton DevelopingPairCorr
  0.9TEDIX Franklin Mutual GlobalPairCorr
  0.76TEDSX Franklin Mutual GlobalPairCorr
  0.76TEDRX Franklin Mutual GlobalPairCorr
  0.7TEFRX Templeton ForeignPairCorr
  0.7TEFTX Templeton ForeignPairCorr
  0.77TEGBX Templeton Global BondPairCorr
  0.71TEGRX Templeton GrowthPairCorr
  0.7TEMFX Templeton ForeignPairCorr
  0.62TEMGX Templeton Global SmallerPairCorr
  0.68TEMEX Franklin Mutual BeaconPairCorr
  0.64TEMMX Templeton EmergingPairCorr
  0.7TEMIX Franklin Mutual EuropeanPairCorr
  0.92TEMWX Templeton WorldPairCorr
  0.67TEMTX Franklin Mutual SharesPairCorr
  0.67TEMQX Mutual QuestPairCorr
  0.62SAIFX Clearbridge Large CapPairCorr
  0.63SAGYX Clearbridge AggressivePairCorr
  0.64TEMZX Templeton EmergingPairCorr
  0.64FQEMX Franklin Templeton SmacsPairCorr
  0.91TEQIX Franklin Mutual QuestPairCorr
  0.64TEPLX Templeton GrowthPairCorr
  0.64TWDAX Templeton WorldPairCorr
  0.67TESIX Franklin Mutual SharesPairCorr
  0.87TESGX Templeton Global SmallerPairCorr
  0.67TESRX Franklin Mutual SharesPairCorr
  0.62LGGAX Clearbridge InternationalPairCorr
  0.7TEURX Franklin Mutual EuropeanPairCorr
  0.87LGIEX Qs International EquityPairCorr
  0.64TEWTX Templeton WorldPairCorr
  0.63SAPYX Clearbridge AppreciationPairCorr
  0.88SASMX Clearbridge Small CapPairCorr
  0.62WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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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.

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