Franklin Corefolio Correlations

Mutual Funds . USA . 
Fund . Franklin Efolio Allocation
FTCLX Fund  USD 22.61  0.02  0.09%   
The current 90-days correlation between Franklin Efolio Allo and Franklin Efolio Allocation is 0.7 (i.e., Poor diversification). The correlation of Franklin Corefolio 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 Corefolio Correlation With Market

Significant diversification

The correlation between Franklin Efolio Allocation and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Efolio Allocation 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 Efolio Allocation. 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

  0.8TEBIX Franklin Mutual BeaconPairCorr
  0.69TEDMX Templeton DevelopingPairCorr
  0.79TEDIX Franklin Mutual GlobalPairCorr
  0.8TEDSX Franklin Mutual GlobalPairCorr
  0.78TEDRX Franklin Mutual GlobalPairCorr
  0.77TEFRX Templeton ForeignPairCorr
  0.79TEFTX Templeton ForeignPairCorr
  0.62TEGBX Templeton Global BondPairCorr
  0.75TEGRX Templeton GrowthPairCorr
  0.79TEMFX Templeton ForeignPairCorr
  0.79TEMGX Templeton Global SmallerPairCorr
  0.8TEMEX Franklin Mutual BeaconPairCorr
  0.78TEMMX Templeton EmergingPairCorr
  0.79TEMIX Franklin Mutual EuropeanPairCorr
  0.74TEMWX Templeton WorldPairCorr
  0.73TEMTX Franklin Mutual SharesPairCorr
  0.76TEMQX Mutual QuestPairCorr
  0.73SAIFX Clearbridge Large CapPairCorr
  0.78SAGYX Clearbridge AggressivePairCorr
  0.77TEMZX Templeton EmergingPairCorr
  0.76TEQIX Franklin Mutual QuestPairCorr
  0.76TEPLX Templeton GrowthPairCorr
  0.74TWDAX Templeton WorldPairCorr
  0.73TESIX Franklin Mutual SharesPairCorr
  0.76TESGX Templeton Global SmallerPairCorr
  0.73TESRX Franklin Mutual SharesPairCorr
  0.85LGGAX Clearbridge InternationalPairCorr
  0.79TEURX Franklin Mutual EuropeanPairCorr
  0.82LGIEX Qs International EquityPairCorr
  0.74TEWTX Templeton WorldPairCorr
  0.75SAPYX Clearbridge AppreciationPairCorr
  0.79SASMX Clearbridge Small CapPairCorr
  0.78WAADX Western Asset SmashPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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