Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Global
TEDRX Fund  USD 31.38  0.01  0.03%   
The current 90-days correlation between Franklin Mutual Global and Glg Intl Small is -0.12 (i.e., Good 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

Good diversification

The correlation between Franklin Mutual Global and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Global 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 Global. 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 real.

Moving together with Franklin Mutual Fund

  0.94TEBIX Franklin Mutual BeaconPairCorr
  0.89TEDMX Templeton DevelopingPairCorr
  1.0TEDIX Franklin Mutual GlobalPairCorr
  1.0TEDSX Franklin Mutual GlobalPairCorr
  0.88TEFRX Templeton ForeignPairCorr
  0.95TEFTX Templeton ForeignPairCorr
  0.66TEGBX Templeton Global BondPairCorr
  0.92TEGRX Templeton GrowthPairCorr
  0.95TEMFX Templeton ForeignPairCorr
  0.94TEMEX Franklin Mutual BeaconPairCorr
  0.73TEMIX Franklin Mutual EuropeanPairCorr
  0.86TEMWX Templeton WorldPairCorr
  0.87TEMQX Mutual QuestPairCorr
  0.83FQCTX Franklin Necticut TaxPairCorr
  0.93SAIFX Clearbridge Large CapPairCorr
  0.82SAGYX Clearbridge AggressivePairCorr
  0.85FQCHX Franklin Templeton SmacsPairCorr
  0.86FQEMX Franklin Templeton SmacsPairCorr
  0.87TEQIX Franklin Mutual QuestPairCorr
  0.92TEPLX Templeton GrowthPairCorr
  0.85TWDAX Templeton WorldPairCorr
  0.87LGGAX Clearbridge InternationalPairCorr
  0.72TEURX Franklin Mutual EuropeanPairCorr
  0.84LGIEX Qs International EquityPairCorr
  0.8FQLAX Franklin Louisiana TaxPairCorr
  0.86TEWTX Templeton WorldPairCorr
  0.84SAPYX Clearbridge AppreciationPairCorr
  0.76SASMX Clearbridge Small CapPairCorr
  0.82FQNCX Franklin North CarolinaPairCorr
  0.82FQMDX Franklin Maryland TaxPairCorr
  0.86WAADX Western Asset SmashPairCorr
  0.69WAARX Western Asset TotalPairCorr

Related Correlations Analysis


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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