Franklin Oregon Correlations

Mutual Funds . USA . 
Fund . Franklin Oregon Tax Free
FRORX Fund  USD 9.99  0.03  0.30%   
The current 90-days correlation between Franklin Oregon Tax and California Municipal Portfolio is 0.14 (i.e., Average diversification). The correlation of Franklin Oregon 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 Oregon Correlation With Market

Good diversification

The correlation between Franklin Oregon Tax Free and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Oregon Tax Free 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 Oregon Tax Free. 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

  0.63TEBIX Franklin Mutual BeaconPairCorr
  0.65TEDIX Franklin Mutual GlobalPairCorr
  0.66TEDSX Franklin Mutual GlobalPairCorr
  0.65TEDRX Franklin Mutual GlobalPairCorr
  0.63TEFRX Templeton ForeignPairCorr
  0.63TEFTX Templeton ForeignPairCorr
  0.63TEMFX Templeton ForeignPairCorr
  0.66TEMGX Templeton Global SmallerPairCorr
  0.63TEMEX Franklin Mutual BeaconPairCorr
  0.61TEMIX Franklin Mutual EuropeanPairCorr
  0.62TEMWX Templeton WorldPairCorr
  0.65TEMTX Franklin Mutual SharesPairCorr
  0.63TEMQX Mutual QuestPairCorr
  0.84FQCTX Franklin Necticut TaxPairCorr
  0.63SAIFX Clearbridge Large CapPairCorr
  0.62SAGYX Clearbridge AggressivePairCorr
  0.74FQCHX Franklin Templeton SmacsPairCorr
  0.65TEQIX Franklin Mutual QuestPairCorr
  0.61TEPLX Templeton GrowthPairCorr
  0.61TWDAX Templeton WorldPairCorr
  0.65TESIX Franklin Mutual SharesPairCorr
  0.66TESGX Templeton Global SmallerPairCorr
  0.65TESRX Franklin Mutual SharesPairCorr
  0.61TEURX Franklin Mutual EuropeanPairCorr
  0.77FQLAX Franklin Louisiana TaxPairCorr
  0.62TEWTX Templeton WorldPairCorr
  0.61SAPYX Clearbridge AppreciationPairCorr
  0.65SASMX Clearbridge Small CapPairCorr
  0.88FQNCX Franklin North CarolinaPairCorr
  0.78FQMDX Franklin Maryland TaxPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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