Franklin Small Correlations

Mutual Funds . USA . 
Fund . Franklin Small Cap
FRVLX Fund  USD 56.83  0.77  1.37%   
The current 90-days correlation between Franklin Small Cap and Franklin Rising Dividends is 0.85 (i.e., Very poor diversification). The correlation of Franklin Small 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 Small Correlation With Market

Poor diversification

The correlation between Franklin Small Cap and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Small Cap 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 Small Cap. 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 bureau of economic analysis.

Moving together with Franklin Mutual Fund

  0.95TEBIX Franklin Mutual BeaconPairCorr
  0.62TEGRX Templeton GrowthPairCorr
  0.99TEMGX Templeton Global SmallerPairCorr
  0.95TEMEX Franklin Mutual BeaconPairCorr
  0.94TEMMX Templeton EmergingPairCorr
  0.76TEMIX Franklin Mutual EuropeanPairCorr
  0.96TEMWX Templeton WorldPairCorr
  0.97TEMTX Franklin Mutual SharesPairCorr
  0.83TEMQX Mutual QuestPairCorr
  0.98SAIFX Clearbridge Large CapPairCorr
  0.77SAGYX Clearbridge AggressivePairCorr
  0.82TEMZX Templeton EmergingPairCorr
  0.82FQEMX Franklin Templeton SmacsPairCorr
  0.96TEPLX Templeton GrowthPairCorr
  0.82TWDAX Templeton WorldPairCorr
  0.97TESIX Franklin Mutual SharesPairCorr
  0.82TESGX Templeton Global SmallerPairCorr
  0.97TESRX Franklin Mutual SharesPairCorr
  0.83LGGAX Clearbridge InternationalPairCorr
  0.76TEURX Franklin Mutual EuropeanPairCorr
  0.86LGIEX Qs International EquityPairCorr
  0.96TEWTX Templeton WorldPairCorr
  0.8SAPYX Clearbridge AppreciationPairCorr
  0.95SASMX Clearbridge Small CapPairCorr
  0.74WAADX Western Asset SmashPairCorr
  0.66WAARX 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 Small 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 Small'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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