Franklin Mutual Correlations

Mutual Funds . USA . 
Fund . Franklin Mutual Global
TEDRX Fund  USD 31.52  0.16  0.51%   
The current 90-days correlation between Franklin Mutual Global and Dodge Global Stock 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

Poor diversification

The correlation between Franklin Mutual Global and DJI is 0.76 (i.e., Poor 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 metropolitan statistical area.

Moving together with Franklin Mutual Fund

  0.61TEBIX Franklin Mutual BeaconPairCorr
  1.0TEDIX Franklin Mutual GlobalPairCorr
  1.0TEDSX Franklin Mutual GlobalPairCorr
  0.65TEFRX Templeton ForeignPairCorr
  0.64TEFTX Templeton ForeignPairCorr
  0.77TEGRX Templeton GrowthPairCorr
  0.65TEMFX Templeton ForeignPairCorr
  0.92TEMGX Templeton Global SmallerPairCorr
  0.63TEMEX Franklin Mutual BeaconPairCorr
  0.62TEMIX Franklin Mutual EuropeanPairCorr
  0.76TEMQX Mutual QuestPairCorr
  0.73TEQIX Franklin Mutual QuestPairCorr
  0.77TEPLX Templeton GrowthPairCorr
  0.91TESGX Templeton Global SmallerPairCorr
  0.66LGGAX Clearbridge InternationalPairCorr
  0.61TEURX Franklin Mutual EuropeanPairCorr

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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