Franklin Real Correlations

FREEX Fund

USD 17.01 0.05 0.29%

The current 90-days correlation between Franklin Real Estate and Franklin Natural Resources is 0.27 (i.e., Modest diversification). The correlation of Franklin Real 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 Real Correlation With Market

Very weak diversification

The correlation between Franklin Real Estate and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Real Estate 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 Real Estate. 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 income.

Moving together with Franklin Mutual Fund

0.63	DX	Dynex Capital	Pair Corr
0.79	FR	First Industrial Realty	Pair Corr
0.65	OZ	Belpointe PREP LLC	Pair Corr
0.64	UE	Urban Edge Properties Earnings Call Next Week	Pair Corr
0.67	WY	Weyerhaeuser Earnings Call This Week	Pair Corr
0.7	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.65	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.65	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.65	DOUG	Douglas Elliman	Pair Corr
0.78	VNO-PL	Vornado Realty Trust	Pair Corr
0.73	VNO-PM	Vornado Realty Trust	Pair Corr
0.7	VNO-PN	Vornado Realty Trust	Pair Corr
0.74	MITT-PB	AG Mortgage Investment	Pair Corr
0.76	MITT-PC	AG Mortgage Investment	Pair Corr
0.82	ELME	Elme Communities	Pair Corr
0.68	WELL	Welltower Earnings Call This Week	Pair Corr
0.67	ESBA	Empire State Realty	Pair Corr
0.66	CDR-PC	Cedar Realty Trust	Pair Corr
0.73	ESRT	Empire State Realty Earnings Call Tomorrow	Pair Corr

Moving against Franklin Mutual Fund

0.36	UK	Ucommune International	Pair Corr
0.63	WETH	Wetouch Technology Common	Pair Corr
0.62	WHLR	Wheeler Real Estate	Pair Corr
0.42	ADC	Agree Realty	Pair Corr

Related Correlations Analysis

	FRNRX	FRVLX	TEDMX	FRBSX	FKUTX
FRNRX		0.89	0.95	0.92	0.76	FRNRX
FRVLX	0.89		0.96	0.99	0.86	FRVLX
TEDMX	0.95	0.96		0.97	0.84	TEDMX
FRBSX	0.92	0.99	0.97		0.87	FRBSX
FKUTX	0.76	0.86	0.84	0.87		FKUTX
	FRNRX	FRVLX	TEDMX	FRBSX	FKUTX

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Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Real 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 Real'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
FRNRX	0.70	0.14	0.07	0.63	0.50	(0.86)	1.71	(1.08)	3.68
FRVLX	0.93	0.11	0.10	0.23	0.85	(1.01)	2.25	(1.92)	6.84
TEDMX	0.58	0.22	0.22	0.58	0.15	(0.73)	1.58	(1.27)	4.48
FRBSX	0.66	0.06	0.04	0.20	0.66	(0.76)	1.73	(1.35)	5.07
FKUTX	0.66	0.05	(0.03)	0.24	0.81	(0.67)	1.31	(1.34)	4.49

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