Templeton Emerging Correlations

EMF Fund

USD 12.82 0.05 0.39%

The current 90-days correlation between Templeton Emerging and Blackrock Enhanced Capital is 0.12 (i.e., Average diversification). The correlation of Templeton Emerging 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.

Templeton Emerging Correlation With Market

Significant diversification

The correlation between Templeton Emerging Markets and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Templeton Emerging Markets. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Templeton Fund

0.74	EDD	Morgan Stanley Emerging	Pair Corr
0.65	ECDAX	Ashmore Emerging Markets	Pair Corr

Moving against Templeton Fund

0.76	JPS	Nuveen Preferred Sec	Pair Corr
0.49	VAADX	Virtus Convertible	Pair Corr
0.48	NTG	Tortoise Mlp Closed	Pair Corr
0.46	FGRIX	Fidelity Growth Income	Pair Corr
0.45	CMGIX	Blackrock Mid Cap	Pair Corr
0.44	MLUFX	Massmutual Select Mid	Pair Corr
0.41	VIGIX	Vanguard Growth Index	Pair Corr
0.39	PRWAX	T Rowe Price	Pair Corr
0.37	DFMAX	Davidson Multi Cap	Pair Corr
0.36	TNHIX	1290 High Yield	Pair Corr
0.35	PLFIX	Largecap Sp 500	Pair Corr
0.33	PTY	Pimco Corporate Income	Pair Corr
0.33	DODGX	Dodge Stock Fund	Pair Corr
0.57	FGB	First Trust Specialty	Pair Corr
0.51	KNPAX	Kinetics Paradigm	Pair Corr
0.48	DFSVX	Us Small Cap	Pair Corr
0.48	GAB	Gabelli Equity Trust	Pair Corr
0.47	CRF	Cornerstone Strategic Sell-off Trend	Pair Corr
0.43	VEXRX	Vanguard Explorer	Pair Corr
0.43	WCPSX	Mobile Telecommunicatio Steady Growth	Pair Corr
0.41	VIGAX	Vanguard Growth Index	Pair Corr
0.4	WAMIX	Wstcm Credit Select	Pair Corr
0.38	VTSAX	Vanguard Total Stock	Pair Corr
0.37	VWNEX	Vanguard Windsor	Pair Corr

Related Correlations Analysis

	HQH	LDP	CII	HQL	NUW	EVY	NXN	ENX	PNF	JLS
HQH		0.01	-0.44	0.96	0.72	0.0	0.74	0.07	0.67	-0.38	HQH
LDP	0.01		0.46	0.04	0.32	0.0	0.22	0.07	0.26	0.6	LDP
CII	-0.44	0.46		-0.35	-0.28	0.0	-0.43	0.24	-0.59	0.74	CII
HQL	0.96	0.04	-0.35		0.66	0.0	0.68	0.02	0.59	-0.3	HQL
NUW	0.72	0.32	-0.28	0.66		0.0	0.81	0.42	0.83	0.01	NUW
EVY	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EVY
NXN	0.74	0.22	-0.43	0.68	0.81	0.0		0.13	0.81	-0.22	NXN
ENX	0.07	0.07	0.24	0.02	0.42	0.0	0.13		0.13	0.33	ENX
PNF	0.67	0.26	-0.59	0.59	0.83	0.0	0.81	0.13		-0.3	PNF
JLS	-0.38	0.6	0.74	-0.3	0.01	0.0	-0.22	0.33	-0.3		JLS
	HQH	LDP	CII	HQL	NUW	EVY	NXN	ENX	PNF	JLS

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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

HQL	+ 0.96	HQH
PNF	+ 0.83	NUW
NXN	+ 0.81	NUW
PNF	+ 0.81	NXN
NXN	+ 0.74	HQH
JLS	+ 0.74	CII

High negative correlations

PNF	- 0.59	CII
CII	- 0.44	HQH
NXN	- 0.43	CII
JLS	- 0.38	HQH
HQL	- 0.35	CII
JLS	- 0.3	PNF

Risk-Adjusted Indicators

There is a big difference between Templeton Fund performing well and Templeton Emerging 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 Templeton Emerging'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
HQH	0.73	(0.15)	0.00	(0.14)	0.00	0.00	1.30	(1.33)	6.31
LDP	0.52	0.03	(0.08)	0.19	0.46	(0.64)	1.14	(0.94)	3.09
CII	0.40	0.05	(0.01)	0.19	0.34	(0.42)	1.09	(0.76)	2.54
HQL	0.82	(0.13)	0.00	(0.08)	0.00	0.00	1.51	(1.95)	6.65
NUW	0.35	(0.04)	0.00	(0.37)	0.00	0.00	0.65	(0.87)	2.89
EVY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NXN	0.32	(0.03)	0.00	(4.22)	0.00	0.00	0.58	(0.66)	1.99
ENX	0.46	0.00	(0.17)	0.05	0.56	(0.55)	0.93	(0.80)	2.59
PNF	0.43	(0.07)	0.00	(1.16)	0.00	0.00	0.88	(0.98)	2.74
JLS	0.38	0.11	0.00	(1.13)	0.23	(0.44)	0.80	(0.66)	2.17

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