Franklin Moderate Correlations

Mutual Funds . USA . 
Fund . Franklin Moderate Allocation
FTMRX Fund  USD 16.08  0.04  0.25%   
The current 90-days correlation between Franklin Moderate and Voya Government Money is 0.01 (i.e., Significant diversification). The correlation of Franklin Moderate 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 Moderate Correlation With Market

Good diversification

The correlation between Franklin Moderate Allocation and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Moderate 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 Moderate 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

  0.99TEBIX Franklin Mutual BeaconPairCorr
  0.98TEDMX Templeton DevelopingPairCorr
  0.97TEDIX Franklin Mutual GlobalPairCorr
  0.97TEDSX Franklin Mutual GlobalPairCorr
  0.94TEDRX Franklin Mutual GlobalPairCorr
  0.94TEFRX Templeton ForeignPairCorr
  0.98TEFTX Templeton ForeignPairCorr
  0.84TEGBX Templeton Global BondPairCorr
  0.95TEGRX Templeton GrowthPairCorr
  0.98TEMFX Templeton ForeignPairCorr
  0.98TEMGX Templeton Global SmallerPairCorr
  0.99TEMEX Franklin Mutual BeaconPairCorr
  0.97TEMMX Templeton EmergingPairCorr
  0.98TEMIX Franklin Mutual EuropeanPairCorr
  0.99TEMWX Templeton WorldPairCorr
  0.93TEMTX Franklin Mutual SharesPairCorr
  0.94TEMQX Mutual QuestPairCorr
  0.86SAIFX Clearbridge Large CapPairCorr
  0.93SAGYX Clearbridge AggressivePairCorr
  0.95TEMZX Templeton EmergingPairCorr
  0.96FQEMX Franklin Templeton SmacsPairCorr
  0.94TEQIX Franklin Mutual QuestPairCorr
  1.0TEPLX Templeton GrowthPairCorr
  0.99TWDAX Templeton WorldPairCorr
  0.93TESIX Franklin Mutual SharesPairCorr
  0.94TESGX Templeton Global SmallerPairCorr
  0.9TESRX Franklin Mutual SharesPairCorr
  0.96LGGAX Clearbridge InternationalPairCorr
  0.94TEURX Franklin Mutual EuropeanPairCorr
  0.9LGIEX Qs International EquityPairCorr
  0.99TEWTX Templeton WorldPairCorr
  0.94SAPYX Clearbridge AppreciationPairCorr
  0.98SASMX Clearbridge Small CapPairCorr
  0.87WAADX Western Asset SmashPairCorr
  0.8WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PBMXX
+ 1.0
IVMXX
RGVAX
+ 0.99
CGTFX
AUGAX
+ 0.8
CGTFX
RGVAX
+ 0.78
AUGAX
FCSCX
+ 0.7
AUGAX
SWGXX
+ 0.66
IVMXX
  
High negative correlations   
RGVAX
- 0.14
PBMXX
RGVAX
- 0.14
IVMXX
CGTFX
- 0.07
PBMXX
CGTFX
- 0.07
IVMXX
RGVAX
- 0.04
SWGXX

Risk-Adjusted Indicators

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