Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Shares
FMSHX Fund  USD 26.52  0.18  0.68%   
The current 90-days correlation between Franklin Mutual Shares and Franklin Mutual Beacon is -0.06 (i.e., Good diversification). The correlation of Franklin Mutual 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 Mutual Correlation With Market

Good diversification

The correlation between Franklin Mutual Shares and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Shares 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 Mutual Shares. 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 rate.

Moving together with Franklin Mutual Fund

  0.73TEBIX Franklin Mutual BeaconPairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.7TEDSX Franklin Mutual GlobalPairCorr
  0.7TEDRX Franklin Mutual GlobalPairCorr
  0.69TEFRX Templeton ForeignPairCorr
  0.62TEFTX Templeton ForeignPairCorr
  0.66TEGBX Templeton Global BondPairCorr
  0.65TEGRX Templeton GrowthPairCorr
  0.69TEMFX Templeton ForeignPairCorr
  0.95TEMGX Templeton Global SmallerPairCorr
  0.95TEMEX Franklin Mutual BeaconPairCorr
  0.92TEMIX Franklin Mutual EuropeanPairCorr
  0.96TEMWX Templeton WorldPairCorr
  0.96TEMTX Franklin Mutual SharesPairCorr
  0.66FQCTX Franklin Necticut TaxPairCorr
  0.66SAIFX Clearbridge Large CapPairCorr
  0.96FQEMX Franklin Templeton SmacsPairCorr
  0.99TEQIX Franklin Mutual QuestPairCorr
  0.98TESGX Templeton Global SmallerPairCorr
  1.0TESRX Franklin Mutual SharesPairCorr
  0.88LGGAX Clearbridge InternationalPairCorr
  0.95TEURX Franklin Mutual EuropeanPairCorr
  0.92LGIEX Qs International EquityPairCorr
  0.96TEWTX Templeton WorldPairCorr
  0.99SAPYX Clearbridge AppreciationPairCorr
  0.95SASMX Clearbridge Small CapPairCorr
  0.88WAADX Western Asset SmashPairCorr
  0.87WAARX Western Asset TotalPairCorr
  0.99FQTEX Franklin Strategic SeriesPairCorr
  0.8FQTHX Franklin Templeton SmacsPairCorr
  0.96FQTIX Franklin Strategic SeriesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Mutual 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 Mutual'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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