Franklin Templeton Correlations

FQCHX Fund

USD 8.56 0.02 0.23%

The current 90-days correlation between Franklin Templeton Smacs and Westcore Global Large Cap is -0.32 (i.e., Very good diversification). The correlation of Franklin Templeton 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 Templeton Correlation With Market

Very good diversification

The correlation between Franklin Templeton Smacs and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Templeton Smacs 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 Templeton Smacs. 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

0.63	TEMGX	Templeton Global Smaller	Pair Corr
0.71	TEMTX	Franklin Mutual Shares	Pair Corr
0.7	TEMQX	Mutual Quest	Pair Corr
0.99	FQCTX	Franklin Necticut Tax	Pair Corr
0.67	SAIFX	Clearbridge Large Cap	Pair Corr
0.69	TEQIX	Franklin Mutual Quest	Pair Corr
0.71	TESIX	Franklin Mutual Shares	Pair Corr
0.63	TESGX	Templeton Global Smaller	Pair Corr
0.71	TESRX	Franklin Mutual Shares	Pair Corr
1.0	FQLAX	Franklin Louisiana Tax	Pair Corr
0.61	TEWTX	Templeton World	Pair Corr
0.91	FQNCX	Franklin North Carolina	Pair Corr
0.99	FQMDX	Franklin Maryland Tax	Pair Corr

Moving against Franklin Mutual Fund

0.47

TEGBX

Templeton Global Bond

Pair Corr

Related Correlations Analysis

	WTMVX	CMACX	CABIX	GGRYX	PBLIX	MAANX	OWLSX
WTMVX		0.96	0.93	0.97	0.98	0.98	0.99	WTMVX
CMACX	0.96		0.86	0.99	0.99	0.99	0.98	CMACX
CABIX	0.93	0.86		0.89	0.91	0.89	0.9	CABIX
GGRYX	0.97	0.99	0.89		1.0	1.0	0.99	GGRYX
PBLIX	0.98	0.99	0.91	1.0		1.0	0.99	PBLIX
MAANX	0.98	0.99	0.89	1.0	1.0		0.99	MAANX
OWLSX	0.99	0.98	0.9	0.99	0.99	0.99		OWLSX
	WTMVX	CMACX	CABIX	GGRYX	PBLIX	MAANX	OWLSX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Templeton 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 Templeton'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WTMVX	1.11	0.06	0.03	0.01	1.71	(1.09)	2.02	(2.71)	11.23
CMACX	0.71	0.04	0.05	0.01	1.14	(0.67)	1.27	(1.55)	6.84
CABIX	0.43	0.04	0.11	0.06	0.58	(0.47)	0.93	(0.91)	3.47
GGRYX	0.80	0.06	0.05	0.02	1.27	(0.76)	1.51	(1.86)	7.79
PBLIX	1.00	0.08	0.05	0.03	1.58	(0.95)	1.88	(2.27)	10.25
MAANX	0.98	0.06	0.04	0.01	1.54	(0.92)	1.78	(2.06)	9.93
OWLSX	1.01	0.06	0.04	0.01	1.64	(0.94)	1.75	(2.24)	10.33

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