Franklin Templeton Correlations

Mutual Funds . USA . 
Fund . Franklin Templeton Smacs
FQEMX Fund  USD 10.33  0.04  0.39%   
The current 90-days correlation between Franklin Templeton Smacs and Cref Inflation Linked Bond is -0.11 (i.e., 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

Weak diversification

The correlation between Franklin Templeton Smacs and DJI is 0.3 (i.e., Weak 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 population.

Moving together with Franklin Mutual Fund

  0.99TEDMX Templeton DevelopingPairCorr
  0.95TEDSX Franklin Mutual GlobalPairCorr
  0.95TEDRX Franklin Mutual GlobalPairCorr
  0.94TEFRX Templeton ForeignPairCorr
  0.94TEFTX Templeton ForeignPairCorr
  0.93TEGBX Templeton Global BondPairCorr
  0.94TEMFX Templeton ForeignPairCorr
  0.93TEMGX Templeton Global SmallerPairCorr
  0.95TEMEX Franklin Mutual BeaconPairCorr
  0.95TEMMX Templeton EmergingPairCorr
  0.94TEMIX Franklin Mutual EuropeanPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.97TEMTX Franklin Mutual SharesPairCorr
  0.96TEMQX Mutual QuestPairCorr
  0.66FQCTX Franklin Necticut TaxPairCorr
  0.94SAIFX Clearbridge Large CapPairCorr
  0.94SAGYX Clearbridge Aggressive Potential GrowthPairCorr
  0.95TEMZX Templeton EmergingPairCorr
  0.96TEQIX Franklin Mutual QuestPairCorr
  0.96TEPLX Templeton GrowthPairCorr
  0.97TWDAX Templeton WorldPairCorr
  0.97TESIX Franklin Mutual SharesPairCorr
  0.93TESGX Templeton Global SmallerPairCorr
  0.88TESRX Franklin Mutual SharesPairCorr
  0.86LGGAX Clearbridge InternationalPairCorr
  0.93TEURX Franklin Mutual EuropeanPairCorr
  0.89LGIEX Qs International EquityPairCorr
  0.97TEWTX Templeton WorldPairCorr
  0.95SAPYX Clearbridge AppreciationPairCorr
  0.95SASMX Clearbridge Small CapPairCorr
  0.65FQNCX Franklin North CarolinaPairCorr
  0.74WAADX Western Asset SmashPairCorr
  0.82WAARX Western Asset TotalPairCorr
  0.97FQTEX 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 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.

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