Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Shares
TESIX Fund  USD 26.20  0.17  0.64%   
The current 90-days correlation between Franklin Mutual Shares and Templeton Growth Fund is 0.94 (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

Very good diversification

The correlation between Franklin Mutual Shares and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Shares 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 Shares. 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

  0.99TEBIX Franklin Mutual BeaconPairCorr
  0.98TEDMX Templeton DevelopingPairCorr
  0.99TEDIX Franklin Mutual GlobalPairCorr
  0.99TEDSX Franklin Mutual GlobalPairCorr
  0.94TEDRX Franklin Mutual GlobalPairCorr
  0.93TEFRX Templeton ForeignPairCorr
  0.97TEFTX Templeton ForeignPairCorr
  0.92TEGBX Templeton Global BondPairCorr
  0.95TEGRX Templeton GrowthPairCorr
  0.97TEMFX Templeton ForeignPairCorr
  0.94TEMGX Templeton Global SmallerPairCorr
  0.99TEMEX Franklin Mutual BeaconPairCorr
  0.97TEMMX Templeton EmergingPairCorr
  0.96TEMIX Franklin Mutual EuropeanPairCorr
  1.0TEMTX Franklin Mutual SharesPairCorr
  0.95TEMQX Mutual QuestPairCorr
  0.91SAIFX Clearbridge Large CapPairCorr
  0.93SAGYX Clearbridge Aggressive Potential GrowthPairCorr
  0.95TEMZX Templeton EmergingPairCorr
  0.95TEQIX Franklin Mutual QuestPairCorr
  0.98TEPLX Templeton GrowthPairCorr
  1.0TESRX Franklin Mutual SharesPairCorr
  0.92LGGAX Clearbridge InternationalPairCorr
  0.87LGIEX Qs International EquityPairCorr
  0.99SAPYX Clearbridge AppreciationPairCorr
  0.98SASMX Clearbridge Small CapPairCorr
  0.87WAADX Western Asset SmashPairCorr
  0.81WAARX Western Asset TotalPairCorr
  0.64WACPX Western Asset EPairCorr
  0.99LGVAX Clearbridge Value TrustPairCorr
  0.9TFEQX International EquityPairCorr
  0.63WAFAX Western Asset InflationPairCorr
  0.94SBAYX Western Asset AdjustablePairCorr
  0.93SBCPX Qs Defensive GrowthPairCorr
  0.93FRAAX Franklin Growth OppoPairCorr
  0.7FRBRX Franklin BiotechnologyPairCorr
  0.99FRBSX Franklin Balance SheetPairCorr

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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