Franklin Federal Correlations

Mutual Funds . USA . 
Fund . Franklin Federal Limited Term
FTFZX Fund  USD 10.30  0.01  0.1%   
The current 90-days correlation between Franklin Federal Lim and Allianzgi Technology Fund is 0.02 (i.e., Significant diversification). The correlation of Franklin Federal 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 Federal Correlation With Market

Average diversification

The correlation between Franklin Federal Limited Term and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Federal Limited Term 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 Federal Limited Term. 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 nation.

Moving together with Franklin Mutual Fund

  0.95TEBIX Franklin Mutual BeaconPairCorr
  0.97TEDMX Templeton DevelopingPairCorr
  0.95TEDIX Franklin Mutual GlobalPairCorr
  0.95TEDSX Franklin Mutual GlobalPairCorr
  0.95TEDRX Franklin Mutual GlobalPairCorr
  0.94TEFRX Templeton ForeignPairCorr
  0.94TEFTX Templeton ForeignPairCorr
  0.93TEGBX Templeton Global BondPairCorr
  0.97TEGRX Templeton GrowthPairCorr
  0.94TEMFX Templeton ForeignPairCorr
  0.94TEMGX Templeton Global SmallerPairCorr
  0.95TEMEX Franklin Mutual BeaconPairCorr
  0.95TEMMX Templeton EmergingPairCorr
  0.94TEMIX Franklin Mutual EuropeanPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.96TEMTX Franklin Mutual SharesPairCorr
  0.96TEMQX Mutual QuestPairCorr
  0.61FQCTX Franklin Necticut TaxPairCorr
  0.94SAIFX Clearbridge Large CapPairCorr
  0.95SAGYX Clearbridge AggressivePairCorr
  0.95TEMZX Templeton EmergingPairCorr
  0.97FQEMX Franklin Templeton SmacsPairCorr
  0.97TEPLX Templeton GrowthPairCorr
  0.97TWDAX Templeton WorldPairCorr
  0.96TESIX Franklin Mutual SharesPairCorr
  0.94TESGX Templeton Global SmallerPairCorr
  0.96TESRX Franklin Mutual SharesPairCorr
  0.88LGGAX Clearbridge InternationalPairCorr
  0.93TEURX Franklin Mutual EuropeanPairCorr
  0.9LGIEX Qs International EquityPairCorr
  0.97TEWTX Templeton WorldPairCorr
  0.96SAPYX Clearbridge AppreciationPairCorr
  0.94SASMX Clearbridge Small CapPairCorr
  0.89WAADX Western Asset SmashPairCorr
  0.9WAARX Western Asset TotalPairCorr
  0.67FQTHX Franklin Templeton SmacsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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