Franklin Liberty Correlations

Etfs . USA . 
Etf . Franklin Liberty Intermediate
FLMI Etf  USD 24.02  0.06  0.25%   
The current 90-days correlation between Franklin Liberty Int and Franklin Liberty Federal is -0.06 (i.e., Good diversification). The correlation of Franklin Liberty 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.

Franklin Liberty Correlation With Market

Good diversification

The correlation between Franklin Liberty Intermediate and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Liberty Intermediate and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Franklin Etf
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Liberty Intermediate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Franklin Etf

  0.7HYD VanEck High YieldPairCorr
  0.88SHYD VanEck Short HighPairCorr
  0.84FMHI First Trust MunicipalPairCorr
  0.63PMBS PIMCO Mortgage BackedPairCorr
  0.87SIXD AIM ETF ProductsPairCorr
  0.75PFFL ETRACS 2xMonthly PayPairCorr
  0.89CEFD ETRACS Monthly PayPairCorr
  0.85VTWO Vanguard Russell 2000PairCorr
  0.86NBGX Neuberger Berman ETFPairCorr
  0.62XTWO Bondbloxx ETF TrustPairCorr
  0.73DRLL EA Series TrustPairCorr
  0.88AIVL WisdomTree TrustPairCorr
  0.86IPO Renaissance IPO ETFPairCorr
  0.87MBCC Northern LightsPairCorr
  0.83IGF iShares Global InfraPairCorr
  0.73PIN Invesco India ETFPairCorr
  0.76SHV iShares Short TreasuryPairCorr
  0.61PCRB Putnam ETF TrustPairCorr
  0.85AVSC American Century ETFPairCorr
  0.86IUSV iShares Core SPPairCorr
  0.77XOP SPDR SP OilPairCorr
  0.83IWN iShares Russell 2000 Sell-off TrendPairCorr
  0.86BSJR Invesco BulletShares 2027PairCorr
  0.86VBK Vanguard Small CapPairCorr
  0.71LKOR FlexShares CreditPairCorr
  0.87DWCR Arrow DWA Tactical Low VolatilityPairCorr
  0.63VCLT Vanguard Long TermPairCorr
  0.87EDIV SPDR SP EmergingPairCorr
  0.87PSC Principal Small CapPairCorr
  0.8PFF iShares Preferred Sell-off TrendPairCorr
  0.85QQQ Invesco QQQ Trust Aggressive PushPairCorr
  0.85FLCG Federated Hermes ETFPairCorr
  0.86IVAL Alpha Architect IntePairCorr
  0.86PSFF Pacer Funds TrustPairCorr

Moving against Franklin Etf

  0.85VIXY ProShares VIX ShortPairCorr
  0.84VXX iPath Series BPairCorr
  0.68YCL ProShares Ultra YenPairCorr

Related Correlations Analysis

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Franklin Liberty Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin Liberty ETF 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 Liberty'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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