Franklin Rising Correlations

Mutual Funds . USA . 
Fund . Franklin Rising Dividends
FRDPX Fund  USD 95.52  0.63  0.66%   
The current 90-days correlation between Franklin Rising Dividends and Americafirst Monthly Risk On is -0.17 (i.e., Good diversification). The correlation of Franklin Rising 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 Rising Correlation With Market

Very poor diversification

The correlation between Franklin Rising Dividends and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Rising Dividends 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 Rising Dividends. 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 american community survey.

Moving together with Franklin Mutual Fund

  0.99TEBIX Franklin Mutual BeaconPairCorr
  0.65TEDMX Templeton DevelopingPairCorr
  0.99TEFTX Templeton ForeignPairCorr
  0.66TEGRX Templeton GrowthPairCorr
  0.99TEMFX Templeton ForeignPairCorr
  0.99TEMGX Templeton Global SmallerPairCorr
  0.99TEMEX Franklin Mutual BeaconPairCorr
  0.98TEMMX Templeton EmergingPairCorr
  0.82TEMIX Franklin Mutual EuropeanPairCorr
  0.99TEMWX Templeton WorldPairCorr
  0.99TEMTX Franklin Mutual SharesPairCorr
  0.86TEMQX Mutual QuestPairCorr
  0.99SAIFX Clearbridge Large CapPairCorr
  0.81SAGYX Clearbridge AggressivePairCorr
  0.86TEMZX Templeton EmergingPairCorr
  0.86FQEMX Franklin Templeton SmacsPairCorr
  0.63TEQIX Franklin Mutual QuestPairCorr
  0.99TEPLX Templeton GrowthPairCorr
  0.85TWDAX Templeton WorldPairCorr
  0.99TESIX Franklin Mutual SharesPairCorr
  0.83TESGX Templeton Global SmallerPairCorr
  0.99TESRX Franklin Mutual SharesPairCorr
  0.9LGGAX Clearbridge InternationalPairCorr
  0.81TEURX Franklin Mutual EuropeanPairCorr
  0.92LGIEX Qs International EquityPairCorr
  0.99TEWTX Templeton WorldPairCorr
  0.84SAPYX Clearbridge AppreciationPairCorr
  0.98SASMX Clearbridge Small CapPairCorr
  0.77WAADX Western Asset SmashPairCorr
  0.71WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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