Franklin Master Intermediate Income Trust (PIM) — Stock Correlations & Overview
Over the past year, PIM has moved most closely with PPT, WDI, PGP. Explore the stocks most correlated and inversely correlated with PIM below, along with its price, financials, and company profile.
Stocks correlated with PIM
Correlation of daily returns. Higher positive values move with PIM; negative values move opposite it. Informational only, not investment advice.
Most correlated with PIM
| Symbol | Company | Correlation |
|---|---|---|
| PPT | Franklin Premier Income Trust | 0.50 |
| WDI | Western Asset Diversified Income Fund | 0.36 |
| PGP | PIMCO Global StockPLUS & Income Fund | 0.36 |
| FTF | Franklin Limited Duration Income Trust Common Shrs. of Beneficial Interest | 0.34 |
| MUSE | TCW Multisector Credit Income ETF | 0.34 |
Most inversely correlated with PIM
| Symbol | Company | Correlation |
|---|---|---|
| EFZ | ProShares Trust Short MSCI EAFE | -0.26 |
| EVSB | Eaton Vance Ultra-Short Income ETF | -0.26 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.26 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.26 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.25 |
Frequently asked questions about PIM correlations
- Which stocks are most correlated with PIM?
- Based on one year of daily returns, the stocks most correlated with Franklin Master Intermediate Income Trust (PIM) are PPT (0.50), WDI (0.36) and PGP (0.36). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PIM?
- Over the past year, the stocks most inversely correlated with Franklin Master Intermediate Income Trust (PIM) are EFZ (-0.26), EVSB (-0.26) and SPDN (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PIM correlations calculated?
- We compute the correlation of daily returns between PIM and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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