Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Beacon
TEBIX Fund  USD 17.93  0.08  0.45%   
The current 90-days correlation between Franklin Mutual Beacon and Siit Small Cap is 0.92 (i.e., Almost no diversification). The correlation of Franklin Mutual 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 Mutual Correlation With Market

Almost no diversification

The correlation between Franklin Mutual Beacon and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Beacon and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Franklin Mutual Beacon. 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 gross domestic product.

Moving together with Franklin Mutual Fund

  0.97TEDMX Templeton DevelopingPairCorr
  0.99TEDIX Franklin Mutual GlobalPairCorr
  0.99TEDSX Franklin Mutual GlobalPairCorr
  0.99TEDRX Franklin Mutual GlobalPairCorr
  0.99TEFRX Templeton ForeignPairCorr
  0.99TEFTX Templeton ForeignPairCorr
  0.99TEGRX Templeton GrowthPairCorr
  0.99TEMFX Templeton ForeignPairCorr
  1.0TEMEX Franklin Mutual BeaconPairCorr
  0.97TEMMX Templeton EmergingPairCorr
  0.98TEMIX Franklin Mutual EuropeanPairCorr
  0.98TEMQX Mutual QuestPairCorr
  0.96SAIFX Clearbridge Large CapPairCorr
  0.99TEPLX Templeton GrowthPairCorr
  0.99TESGX Templeton Global SmallerPairCorr
  0.98TESRX Franklin Mutual SharesPairCorr
  0.99TEWTX Templeton WorldPairCorr
  0.96TFEQX International EquityPairCorr
  0.94SBAYX Western Asset AdjustablePairCorr
  0.98FRAAX Franklin Growth OppoPairCorr
  0.72FRBRX Franklin BiotechnologyPairCorr
  0.98FRBSX Franklin Balance SheetPairCorr
  0.87FREEX Franklin Real EstatePairCorr
  0.98FREIX Franklin Equity IncomePairCorr
  0.97SBIEX Clearbridge InternationalPairCorr
  0.99FRDAX Franklin Rising DividendsPairCorr
  0.64WATAX Western Asset IntermPairCorr
  0.72FRGOX Franklin Gold PreciousPairCorr
  0.99SBMAX Clearbridge Mid CapPairCorr
  0.98SBPYX Clearbridge Small CapPairCorr
  0.87FRLAX Franklin Real EstatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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