Franklin Total Correlations

Mutual Funds . USA . 
Fund . Franklin Total Return
FTRRX Fund  USD 8.23  0.01  0.12%   
The current 90-days correlation between Franklin Total Return and Franklin Mutual Beacon is 0.01 (i.e., Significant diversification). The correlation of Franklin Total 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 Total Correlation With Market

Modest diversification

The correlation between Franklin Total Return and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Total Return 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 Total Return. 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

  0.77TEDMX Templeton DevelopingPairCorr
  0.74TEDIX Franklin Mutual GlobalPairCorr
  0.74TEDSX Franklin Mutual GlobalPairCorr
  0.74TEDRX Franklin Mutual GlobalPairCorr
  0.71TEFRX Templeton ForeignPairCorr
  0.82TEGBX Templeton Global BondPairCorr
  0.75TEGRX Templeton GrowthPairCorr
  0.71TEMFX Templeton ForeignPairCorr
  0.61TEMIX Franklin Mutual EuropeanPairCorr
  0.61TEMWX Templeton WorldPairCorr
  0.64TEMTX Franklin Mutual SharesPairCorr
  0.63TEMQX Mutual QuestPairCorr
  0.69FQCTX Franklin Necticut TaxPairCorr
  0.63FQEMX Franklin Templeton SmacsPairCorr
  0.76TEQIX Franklin Mutual QuestPairCorr
  0.61TWDAX Templeton WorldPairCorr
  0.65TESIX Franklin Mutual SharesPairCorr
  0.64TESRX Franklin Mutual SharesPairCorr
  0.61TEWTX Templeton WorldPairCorr
  0.62FQNCX Franklin North CarolinaPairCorr
  0.74WAARX Western Asset TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between FRANKLIN Mutual Fund performing well and Franklin Total 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 Total'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEBIX  0.55  0.22  0.10 (1.55) 0.36 
(0.63)
 1.43 
(1.12)
 3.58 
TEDMX  0.58  0.22  0.22  0.58  0.15 
(0.73)
 1.58 
(1.27)
 4.48 
TEDIX  0.51  0.07  0.02  0.24  0.50 
(0.53)
 1.12 
(1.33)
 3.32 
TEDSX  0.51  0.06  0.02  0.23  0.52 
(0.53)
 1.15 
(1.32)
 3.37 
TEDRX  0.51  0.07  0.02  0.24  0.51 
(0.53)
 1.12 
(1.33)
 3.36 
TEFRX  0.66  0.14  0.11  0.37  0.46 
(0.82)
 1.76 
(1.39)
 4.25 
TEFTX  0.64  0.14  0.11  0.37  0.47 
(0.81)
 1.71 
(1.35)
 4.24 
TEGBX  0.33  0.08 (0.13)(1.16) 0.19 
(0.44)
 0.87 
(0.43)
 2.11 
TEGRX  0.54  0.16  0.16  0.35  0.25 
(0.62)
 1.83 
(1.01)
 3.53 
TEMFX  0.66  0.14  0.11  0.38  0.44 
(0.80)
 1.72 
(1.35)
 4.14 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY