Templeton Foreign Correlations

Mutual Funds . USA . 
Fund . Templeton Foreign Fund
TEMFX Fund  USD 8.55  0.02  0.23%   
The current 90-days correlation between Templeton Foreign and Ashmore Emerging Markets is 0.74 (i.e., Poor 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 0.57 (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 census.

Moving together with Templeton Mutual Fund

  0.83TEBIX Franklin Mutual BeaconPairCorr
  0.95TEDMX Templeton DevelopingPairCorr
  0.84TEDIX Franklin Mutual GlobalPairCorr
  0.83TEDSX Franklin Mutual GlobalPairCorr
  0.83TEDRX Franklin Mutual GlobalPairCorr
  1.0TEFRX Templeton ForeignPairCorr
  1.0TEFTX Templeton ForeignPairCorr
  0.95TEGBX Templeton Global BondPairCorr
  0.62TEGRX Templeton GrowthPairCorr
  0.83TEMEX Franklin Mutual BeaconPairCorr
  0.99TEMIX Franklin Mutual EuropeanPairCorr
  0.92TEMQX Mutual QuestPairCorr
  0.67FQEMX Franklin Templeton SmacsPairCorr
  0.92TEQIX Franklin Mutual QuestPairCorr
  0.63TEPLX Templeton GrowthPairCorr
  0.87LGGAX Clearbridge InternationalPairCorr
  0.99TEURX Franklin Mutual EuropeanPairCorr
  0.95LGIEX Qs International EquityPairCorr
  0.95WAARX Western Asset TotalPairCorr

Moving against Templeton Mutual Fund

  0.38TEMGX Templeton Global SmallerPairCorr
  0.41TESGX Templeton Global SmallerPairCorr
  0.37SAGYX Clearbridge AggressivePairCorr
  0.4SASMX Clearbridge Small CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
HSCVX
+ 0.97
PMDDX
HSCVX
+ 0.96
ARTSX
PMDDX
+ 0.94
ARTSX
GLVIX
+ 0.77
PMDDX
HSCVX
+ 0.76
GLVIX
GLVIX
+ 0.72
ESCIX
  
High negative correlations   
ARTSX
- 0.56
TISVX
HSCVX
- 0.45
TISVX
PMDDX
- 0.4
TISVX

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY