Franklin Templeton Correlations

INCM Etf

USD 26.53 0.20 0.76%

The current 90-days correlation between Franklin Templeton ETF and First Trust Multi Asset is 0.93 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Templeton moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Templeton ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin Templeton Correlation With Market

Almost no diversification

The correlation between Franklin Templeton ETF and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Templeton ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Franklin Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Franklin Templeton ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Franklin Etf

0.86	HNDL	Strategy Shares Nasdaq	Pair Corr
0.92	RPAR	RPAR Risk Parity	Pair Corr
0.76	RPHS	Regents Park Hedged	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.71	INTC	Intel	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.85	MMM	3M Company	Pair Corr
0.91	DD	Dupont De Nemours Sell-off Trend	Pair Corr
0.9	CAT	Caterpillar	Pair Corr
0.74	GE	GE Aerospace	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.89	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against Franklin Etf

0.78	WTID	UBS ETRACS	Pair Corr
0.52	SGOV	iShares 0 3	Pair Corr
0.47	SHNY	Microsectors Gold	Pair Corr
0.32	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	MDIV	MFUL	DRAI	DRSK	DSCF	DUKQ	MPRO	DWAT	MRSK
MDIV		0.96	0.41	0.8	0.76	0.85	0.88	0.76	0.62	MDIV
MFUL	0.96		0.56	0.87	0.73	0.9	0.94	0.82	0.71	MFUL
DRAI	0.41	0.56		0.51	0.41	0.54	0.66	0.78	0.73	DRAI
DRSK	0.8	0.87	0.51		0.64	0.82	0.84	0.64	0.64	DRSK
DSCF	0.76	0.73	0.41	0.64		0.42	0.79	0.65	0.43	DSCF
DUKQ	0.85	0.9	0.54	0.82	0.42		0.83	0.77	0.79	DUKQ
MPRO	0.88	0.94	0.66	0.84	0.79	0.83		0.9	0.84	MPRO
DWAT	0.76	0.82	0.78	0.64	0.65	0.77	0.9		0.9	DWAT
MRSK	0.62	0.71	0.73	0.64	0.43	0.79	0.84	0.9		MRSK
	MDIV	MFUL	DRAI	DRSK	DSCF	DUKQ	MPRO	DWAT	MRSK

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Franklin Templeton Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin Templeton ETF 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 Templeton'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MDIV	0.62	0.00	0.00	(0.08)	0.00	0.00	0.94	(1.83)	5.50
MFUL	0.29	0.00	0.00	(0.09)	0.00	0.00	0.51	(0.62)	2.58
DRAI	0.73	0.13	0.18	0.18	0.82	(0.78)	2.09	(1.52)	5.21
DRSK	0.34	0.00	0.15	(0.12)	0.43	(0.42)	0.70	(0.55)	2.98
DSCF	0.35	0.02	0.14	0.00	0.52	(0.35)	0.71	(0.72)	2.96
DUKQ	0.84	(0.11)	0.00	(0.28)	0.00	0.00	1.42	(1.98)	8.12
MPRO	0.59	0.02	0.00	(0.05)	0.00	0.00	1.20	(1.45)	6.26
DWAT	0.92	0.03	0.00	(0.04)	0.00	0.00	1.75	(1.72)	7.68
MRSK	0.72	(0.02)	0.00	(0.12)	0.00	0.00	1.31	(1.89)	5.41

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