Franklin Small-mid Correlations

Mutual Funds . USA . 
Fund . Franklin Small Mid Cap
FMGGX Fund  USD 50.86  0.33  0.65%   
The current 90-days correlation between Franklin Small Mid and T Rowe Price is 0.88 (i.e., Very poor diversification). The correlation of Franklin Small-mid 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 Small-mid Correlation With Market

Poor diversification

The correlation between Franklin Small Mid Cap and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Small Mid Cap 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 Small Mid Cap. 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 price.

Moving together with Franklin Mutual Fund

  0.99PAMCX T Rowe PricePairCorr
  0.99RRMGX T Rowe PricePairCorr
  0.99TRQZX T Rowe PricePairCorr
  0.99RPMGX T Rowe PricePairCorr
  0.95PRJIX T Rowe PricePairCorr
  0.95PRNHX T Rowe PricePairCorr
  0.95TRUZX T Rowe PricePairCorr
  0.94PCBIX Midcap Fund InstitutionalPairCorr
  0.93PEMGX Midcap Fund ClassPairCorr
  0.93PMBCX Midcap Fund ClassPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.95VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.62AA Alcoa CorpPairCorr
  0.89BA Boeing Earnings Call This WeekPairCorr
  0.67CSCO Cisco SystemsPairCorr
  0.61CVX Chevron CorpPairCorr
  0.63BAC Bank of America Aggressive PushPairCorr

Moving against Franklin Mutual Fund

  0.58MCD McDonaldsPairCorr

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 Small-mid 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 Small-mid'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.

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