Franklin Liberty Correlations
| FLGV Etf | USD 20.09 0.09 0.45% |
The correlation of Franklin Liberty 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Liberty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Liberty Treasury moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Franklin Liberty Treasury and NYA is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Liberty Treasury and NYA in the same portfolio, assuming nothing else is changed.
Franklin |
The ability to find closely correlated positions to Franklin Liberty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Liberty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Franklin Liberty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Franklin Liberty Treasury to buy it.
Moving together with Franklin Etf
| 0.94 | GOVT | iShares Treasury Bond Aggressive Push | PairCorr |
| 0.98 | MBB | iShares MBS ETF | PairCorr |
| 0.99 | IEI | iShares 3 7 | PairCorr |
| 0.99 | SPTI | SPDR Portfolio Inter | PairCorr |
| 0.98 | SPMB | SPDR Portfolio Mortgage | PairCorr |
| 0.95 | MBSD | FlexShares Disciplined | PairCorr |
| 0.89 | OWNS | Quaker Investment Trust | PairCorr |
| 1.0 | XFIV | Bondbloxx ETF Trust | PairCorr |
| 0.99 | BND | Vanguard Total Bond | PairCorr |
| 0.79 | INTC | Intel Financial Report 25th of July 2024 | PairCorr |
Moving against Franklin Etf
| 0.76 | CVX | Chevron Corp Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Franklin Liberty Constituents Risk-Adjusted Indicators
There is a big difference between Franklin Etf performing well and Franklin Liberty ETF 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 Liberty'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGZ | 0.15 | (0.02) | 0.00 | (0.10) | 0.00 | 0.28 | 1.00 | |||
| ISHG | 0.30 | (0.05) | 0.00 | (0.06) | 0.00 | 0.62 | 1.81 | |||
| ISTB | 0.14 | (0.02) | 0.00 | (0.07) | 0.00 | 0.28 | 0.89 | |||
| ILTB | 0.57 | (0.11) | 0.00 | (0.11) | 0.00 | 0.92 | 3.35 | |||
| IGOV | 0.42 | (0.08) | 0.00 | (0.08) | 0.00 | 0.78 | 2.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Franklin Liberty without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Already Invested in Franklin Liberty Treasury?
The danger of trading Franklin Liberty Treasury is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Franklin Liberty is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Franklin Liberty. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Franklin Liberty Treasury is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Franklin Liberty Treasury is a strong investment it is important to analyze Franklin Liberty's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Franklin Liberty's future performance. For an informed investment choice regarding Franklin Etf, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Liberty Treasury. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Franklin Liberty Treasury information on this page should be used as a complementary analysis to other Franklin Liberty's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of Franklin Liberty Treasury is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Liberty's value that differs from its market value or its book value, called intrinsic value, which is Franklin Liberty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Franklin Liberty's market value can be influenced by many factors that don't directly affect Franklin Liberty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Franklin Liberty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Liberty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Liberty'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.