Franklin Gold Related Correlations

FGADX Fund

USD 19.96 0.02 0.10%

Generate correlation matrix for Franklin Gold and other related equities to check the degree to which Franklin Gold Precious price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Franklin Gold Precious. To filter out specific equities, please toggle its corresponding legend item. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Gold Precious. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

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Please note, there is a significant difference between Franklin Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	TEBIX	TEDMX	TEDIX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	TEFAX	TEGRX
TEBIX		0.92	0.99	0.95	0.99	0.94	0.94	-0.1	0.89	0.97	TEBIX
TEDMX	0.92		0.89	0.92	0.89	0.93	0.93	-0.23	0.88	0.93	TEDMX
TEDIX	0.99	0.89		0.96	1.0	0.94	0.94	-0.13	0.93	0.97	TEDIX
TEDSX	0.95	0.92	0.96		0.96	0.94	0.94	-0.19	0.96	0.95	TEDSX
TEDRX	0.99	0.89	1.0	0.96		0.94	0.94	-0.12	0.92	0.97	TEDRX
TEFRX	0.94	0.93	0.94	0.94	0.94		1.0	-0.3	0.96	0.97	TEFRX
TEFTX	0.94	0.93	0.94	0.94	0.94	1.0		-0.3	0.96	0.97	TEFTX
TEGBX	-0.1	-0.23	-0.13	-0.19	-0.12	-0.3	-0.3		-0.36	-0.26	TEGBX
TEFAX	0.89	0.88	0.93	0.96	0.92	0.96	0.96	-0.36		0.93	TEFAX
TEGRX	0.97	0.93	0.97	0.95	0.97	0.97	0.97	-0.26	0.93		TEGRX
	TEBIX	TEDMX	TEDIX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	TEFAX	TEGRX

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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

TEDRX	+ 1.0	TEDIX
TEFTX	+ 1.0	TEFRX
TEDIX	+ 0.99	TEBIX
TEDRX	+ 0.99	TEBIX
TEGRX	+ 0.97	TEBIX
TEGRX	+ 0.97	TEDIX

High negative correlations

TEFAX	- 0.36	TEGBX
TEGBX	- 0.3	TEFTX
TEGBX	- 0.3	TEFRX
TEGRX	- 0.26	TEGBX
TEGBX	- 0.23	TEDMX
TEGBX	- 0.19	TEDSX

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Gold 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 Gold'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
TEBIX	0.50	(0.02)	(0.04)	0.03	0.60	(0.51)	0.88	(1.04)	2.97
TEDMX	0.69	0.00	(0.04)	0.07	0.97	(0.67)	1.33	(1.59)	4.40
TEDIX	0.43	(0.02)	(0.05)	0.03	0.60	(0.41)	0.78	(1.00)	2.69
TEDSX	0.45	0.00	(0.08)	0.06	0.63	(0.42)	0.77	(1.00)	2.67
TEDRX	0.43	(0.02)	(0.05)	0.03	0.61	(0.41)	0.76	(0.99)	2.71
TEFRX	0.62	(0.01)	(0.01)	0.05	0.81	(0.65)	1.08	(1.41)	3.73
TEFTX	0.62	(0.01)	(0.01)	0.05	0.82	(0.65)	1.15	(1.49)	3.76
TEGBX	0.36	(0.12)	0.00	(0.21)	0.00	0.00	0.57	(1.13)	2.43
TEFAX	0.57	0.08	0.04	0.68	0.66	(0.58)	1.17	(1.12)	2.70
TEGRX	0.54	(0.01)	(0.01)	0.05	0.67	(0.57)	0.93	(1.28)	3.26

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Franklin Gold Related Correlations

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