Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual European
TEMIX Fund  USD 28.28  0.01  0.04%   
The current 90-days correlation between Franklin Mutual European and Dreyfusstandish Global Fixed is -0.13 (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

Very poor diversification

The correlation between Franklin Mutual European and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual European 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 European. 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

  0.98TEBIX Franklin Mutual BeaconPairCorr
  0.91TEDMX Templeton DevelopingPairCorr
  0.9TEDIX Franklin Mutual GlobalPairCorr
  0.97TEDSX Franklin Mutual GlobalPairCorr
  0.94TEDRX Franklin Mutual GlobalPairCorr
  0.95TEFRX Templeton ForeignPairCorr
  0.99TEFTX Templeton ForeignPairCorr
  0.83TEGBX Templeton Global BondPairCorr
  0.96TEGRX Templeton GrowthPairCorr
  0.99TEMFX Templeton ForeignPairCorr
  0.97TEMGX Templeton Global SmallerPairCorr
  0.98TEMEX Franklin Mutual BeaconPairCorr
  0.97TEMMX Templeton EmergingPairCorr
  0.96TEMWX Templeton WorldPairCorr
  0.89TEMTX Franklin Mutual SharesPairCorr
  0.92TEMQX Mutual QuestPairCorr
  0.82SAIFX Clearbridge Large CapPairCorr
  0.89SAGYX Clearbridge AggressivePairCorr
  0.94TEMZX Templeton EmergingPairCorr
  0.95FQEMX Franklin Templeton SmacsPairCorr
  0.93TEQIX Franklin Mutual QuestPairCorr
  0.98TEPLX Templeton GrowthPairCorr
  0.96TWDAX Templeton WorldPairCorr
  0.9TESIX Franklin Mutual SharesPairCorr
  0.92TESGX Templeton Global SmallerPairCorr
  0.9TESRX Franklin Mutual SharesPairCorr
  0.97LGGAX Clearbridge InternationalPairCorr
  0.95TEURX Franklin Mutual EuropeanPairCorr
  0.9LGIEX Qs International EquityPairCorr
  0.96TEWTX Templeton WorldPairCorr
  0.91SAPYX Clearbridge AppreciationPairCorr
  0.89SASMX Clearbridge Small CapPairCorr
  0.83WAADX Western Asset SmashPairCorr
  0.79WAARX Western Asset TotalPairCorr

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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