Templeton Foreign Correlations

TEFTX Fund

USD 8.59 0.02 0.23%

The current 90-days correlation between Templeton Foreign and Vanguard Ultra Short Term Bond is -0.09 (i.e., Good diversification). The correlation of Templeton Foreign 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.

Templeton Foreign Correlation With Market

Very weak diversification

The correlation between Templeton Foreign Fund and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Foreign Fund 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 Templeton Foreign Fund. 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 estimate.

Moving together with Templeton Mutual Fund

0.83	TEBIX	Franklin Mutual Beacon	Pair Corr
0.95	TEDMX	Templeton Developing	Pair Corr
0.84	TEDIX	Franklin Mutual Global	Pair Corr
0.83	TEDSX	Franklin Mutual Global	Pair Corr
0.83	TEDRX	Franklin Mutual Global	Pair Corr
1.0	TEFRX	Templeton Foreign	Pair Corr
0.95	TEGBX	Templeton Global Bond	Pair Corr
0.63	TEGRX	Templeton Growth	Pair Corr
1.0	TEMFX	Templeton Foreign	Pair Corr
0.83	TEMEX	Franklin Mutual Beacon	Pair Corr
0.99	TEMIX	Franklin Mutual European	Pair Corr
0.92	TEMQX	Mutual Quest	Pair Corr
0.67	FQEMX	Franklin Templeton Smacs	Pair Corr
0.92	TEQIX	Franklin Mutual Quest	Pair Corr
0.63	TEPLX	Templeton Growth	Pair Corr
0.87	LGGAX	Clearbridge International	Pair Corr
0.99	TEURX	Franklin Mutual European	Pair Corr
0.95	LGIEX	Qs International Equity	Pair Corr
0.95	WAARX	Western Asset Total	Pair Corr

Moving against Templeton Mutual Fund

0.38	TEMGX	Templeton Global Smaller	Pair Corr
0.4	TESGX	Templeton Global Smaller	Pair Corr
0.36	SAGYX	Clearbridge Aggressive	Pair Corr
0.4	SASMX	Clearbridge Small Cap	Pair Corr

Related Correlations Analysis

	VUBFX	BIIPX	GANPX	BXDCX	DULTX	CMGUX	TSDCX
VUBFX		0.98	0.92	0.97	0.95	0.95	0.96	VUBFX
BIIPX	0.98		0.96	0.98	0.96	0.96	0.97	BIIPX
GANPX	0.92	0.96		0.94	0.94	0.94	0.95	GANPX
BXDCX	0.97	0.98	0.94		0.97	0.96	0.97	BXDCX
DULTX	0.95	0.96	0.94	0.97		1.0	0.99	DULTX
CMGUX	0.95	0.96	0.94	0.96	1.0		0.99	CMGUX
TSDCX	0.96	0.97	0.95	0.97	0.99	0.99		TSDCX
	VUBFX	BIIPX	GANPX	BXDCX	DULTX	CMGUX	TSDCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Templeton Mutual Fund performing well and Templeton Foreign 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 Templeton Foreign'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VUBFX	0.04	0.01	0.00	(1.34)	0.00	0.10	0.00	0.20
BIIPX	0.10	0.02	0.40	(1.25)	(0.14)	0.21	(0.10)	0.72
GANPX	0.06	0.00	0.23	(0.02)	(0.12)	0.10	(0.10)	0.48
BXDCX	0.08	0.01	0.40	(0.43)	(0.15)	0.22	(0.11)	0.54
DULTX	0.04	0.01	0.00	(0.81)	0.00	0.10	0.00	0.51
CMGUX	0.04	0.01	0.00	(0.61)	0.00	0.11	0.00	0.54
TSDCX	0.05	0.01	0.37	(0.73)	(0.23)	0.11	(0.11)	0.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC