Franklin Templeton Correlations

IQM Etf

USD 74.52 0.78 1.04%

The current 90-days correlation between Franklin Templeton ETF and Strategy Shares is -0.42 (i.e., Very good 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

Very weak diversification

The correlation between Franklin Templeton ETF and DJI is 0.45 (i.e., Very weak 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 producer price index.

Moving together with Franklin Etf

0.64	VGT	Vanguard Information	Pair Corr
0.64	XLK	Technology Select Sector	Pair Corr
0.64	IYW	iShares Technology ETF	Pair Corr
0.67	SMH	VanEck Semiconductor ETF	Pair Corr
0.67	SOXX	iShares Semiconductor ETF	Pair Corr
0.63	CIBR	First Trust NASDAQ	Pair Corr
0.69	FTEC	Fidelity MSCI Information	Pair Corr
0.66	FDN	First Trust Dow	Pair Corr
0.64	IGM	iShares Expanded Tech	Pair Corr
0.66	SWP	SWP Growth Income	Pair Corr
0.82	DUKH	Ocean Park High	Pair Corr
0.61	WINN	Harbor Long Term	Pair Corr
0.66	BAC	Bank of America Earnings Call This Week	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.62	GE	GE Aerospace	Pair Corr
0.71	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.71	DIS	Walt Disney	Pair Corr
0.67	CVX	Chevron Corp	Pair Corr
0.67	IBM	International Business	Pair Corr

Moving against Franklin Etf

0.66	HUM	Humana Inc	Pair Corr
0.36	FNGD	MicroSectors FANG Index	Pair Corr
0.47	MCD	McDonalds	Pair Corr
0.43	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG
DHSB		0.9	0.96	0.91	-0.92	0.93	0.93	0.93	0.88	DHSB
MBOX	0.9		0.9	0.92	-0.85	0.92	0.98	0.97	0.99	MBOX
DIEM	0.96	0.9		0.91	-0.93	0.95	0.95	0.95	0.89	DIEM
MCHI	0.91	0.92	0.91		-0.81	0.88	0.92	0.93	0.91	MCHI
DIPS	-0.92	-0.85	-0.93	-0.81		-0.94	-0.9	-0.89	-0.81	DIPS
DISO	0.93	0.92	0.95	0.88	-0.94		0.97	0.94	0.9	DISO
DIVB	0.93	0.98	0.95	0.92	-0.9	0.97		0.98	0.98	DIVB
DIVD	0.93	0.97	0.95	0.93	-0.89	0.94	0.98		0.96	DIVD
DIVG	0.88	0.99	0.89	0.91	-0.81	0.9	0.98	0.96		DIVG
	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG

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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

DIVG	+ 0.99	MBOX
DIVB	+ 0.98	MBOX
DIVD	+ 0.98	DIVB
DIVG	+ 0.98	DIVB
DIVD	+ 0.97	MBOX
DIVB	+ 0.97	DISO

High negative correlations

DISO	- 0.94	DIPS
DIPS	- 0.93	DIEM
DIPS	- 0.92	DHSB
DIVB	- 0.9	DIPS
DIVD	- 0.89	DIPS
DIPS	- 0.85	MBOX

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
DHSB	0.51	0.05	(0.02)	(0.50)	0.93	(0.50)	1.18	(1.88)	6.57
MBOX	0.90	(0.03)	(0.02)	0.04	1.61	(0.82)	1.73	(1.99)	10.07
DIEM	0.88	0.17	0.06	(2.67)	1.29	(0.93)	2.34	(1.57)	8.25
MCHI	1.25	(0.01)	(0.01)	0.07	1.95	(1.43)	3.39	(2.01)	8.62
DIPS	2.04	(0.54)	0.00	(2.21)	0.00	0.00	2.82	(4.27)	22.25
DISO	1.19	0.15	0.06	0.21	2.23	(1.29)	1.97	(2.26)	12.07
DIVB	0.94	0.02	0.01	0.09	1.68	(0.91)	1.69	(1.88)	9.77
DIVD	0.86	0.02	0.01	0.10	1.42	(0.83)	1.55	(2.18)	9.14
DIVG	0.96	(0.04)	(0.03)	0.03	1.67	(0.87)	1.57	(2.27)	9.33

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