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.
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Moving together with Franklin Etf
0.64 | VGT | Vanguard Information | PairCorr |
0.64 | XLK | Technology Select Sector | PairCorr |
0.64 | IYW | iShares Technology ETF | PairCorr |
0.67 | SMH | VanEck Semiconductor ETF | PairCorr |
0.67 | SOXX | iShares Semiconductor ETF | PairCorr |
0.63 | CIBR | First Trust NASDAQ | PairCorr |
0.69 | FTEC | Fidelity MSCI Information | PairCorr |
0.66 | FDN | First Trust Dow | PairCorr |
0.64 | IGM | iShares Expanded Tech | PairCorr |
0.66 | SWP | SWP Growth Income | PairCorr |
0.82 | DUKH | Ocean Park High | PairCorr |
0.61 | WINN | Harbor Long Term | PairCorr |
0.66 | BAC | Bank of America Earnings Call This Week | PairCorr |
0.61 | DD | Dupont De Nemours | PairCorr |
0.62 | GE | GE Aerospace | PairCorr |
0.71 | PFE | Pfizer Inc Aggressive Push | PairCorr |
0.71 | DIS | Walt Disney | PairCorr |
0.67 | CVX | Chevron Corp | PairCorr |
0.67 | IBM | International Business | PairCorr |
Moving against Franklin Etf
0.66 | HUM | Humana Inc | PairCorr |
0.36 | FNGD | MicroSectors FANG Index | PairCorr |
0.47 | MCD | McDonalds | PairCorr |
0.43 | KO | Coca Cola | PairCorr |
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
| High negative correlations
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DHSB | 0.51 | 0.05 | (0.02) | (0.50) | 0.93 | 1.18 | 6.57 | |||
MBOX | 0.90 | (0.03) | (0.02) | 0.04 | 1.61 | 1.73 | 10.07 | |||
DIEM | 0.88 | 0.17 | 0.06 | (2.67) | 1.29 | 2.34 | 8.25 | |||
MCHI | 1.25 | (0.01) | (0.01) | 0.07 | 1.95 | 3.39 | 8.62 | |||
DIPS | 2.04 | (0.54) | 0.00 | (2.21) | 0.00 | 2.82 | 22.25 | |||
DISO | 1.19 | 0.15 | 0.06 | 0.21 | 2.23 | 1.97 | 12.07 | |||
DIVB | 0.94 | 0.02 | 0.01 | 0.09 | 1.68 | 1.69 | 9.77 | |||
DIVD | 0.86 | 0.02 | 0.01 | 0.10 | 1.42 | 1.55 | 9.14 | |||
DIVG | 0.96 | (0.04) | (0.03) | 0.03 | 1.67 | 1.57 | 9.33 |