Templeton Global Correlations

TEPB Fund

EUR 28.68 0.49 1.68%

The current 90-days correlation between Templeton Global and Azvalor Global Value is 0.15 (i.e., Average diversification). The correlation of Templeton Global 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 Global Correlation With Market

Modest diversification

The correlation between Templeton Global AD and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Global AD and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Templeton Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Templeton Global 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 Templeton Global - 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 Templeton Global AD to buy it.

Moving against Templeton Fund

0.75	0P00001S8S	Groupama Entreprises	Pair Corr
0.46	DBPE	Xtrackers LevDAX	Pair Corr
0.42	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	0P00018HSS	JYJ7	0P0001BICH	ABD9	TEPB	FJ2P	FH7W	0P00000RPB	JP5B
0P00018HSS		0.71	0.33	0.35	0.27	0.21	0.04	0.16	0.67	0P00018HSS
JYJ7	0.71		-0.02	0.32	0.21	0.31	-0.15	0.29	0.94	JYJ7
0P0001BICH	0.33	-0.02		0.61	-0.01	0.29	0.36	0.13	-0.02	0P0001BICH
ABD9	0.35	0.32	0.61		-0.31	0.76	0.44	0.65	0.38	ABD9
TEPB	0.27	0.21	-0.01	-0.31		-0.67	-0.44	-0.74	0.14	TEPB
FJ2P	0.21	0.31	0.29	0.76	-0.67		0.53	0.94	0.39	FJ2P
FH7W	0.04	-0.15	0.36	0.44	-0.44	0.53		0.59	-0.15	FH7W
0P00000RPB	0.16	0.29	0.13	0.65	-0.74	0.94	0.59		0.37	0P00000RPB
JP5B	0.67	0.94	-0.02	0.38	0.14	0.39	-0.15	0.37		JP5B
	0P00018HSS	JYJ7	0P0001BICH	ABD9	TEPB	FJ2P	FH7W	0P00000RPB	JP5B

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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

JP5B	+ 0.94	JYJ7
0P00000RPB	+ 0.94	FJ2P
FJ2P	+ 0.76	ABD9
JYJ7	+ 0.71	0P00018HSS
JP5B	+ 0.67	0P00018HSS
0P00000RPB	+ 0.65	ABD9

High negative correlations

0P00000RPB	- 0.74	TEPB
FJ2P	- 0.67	TEPB
FH7W	- 0.44	TEPB
TEPB	- 0.31	ABD9
JP5B	- 0.15	FH7W
FH7W	- 0.15	JYJ7

Risk-Adjusted Indicators

There is a big difference between Templeton Fund performing well and Templeton Global 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 Global'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
0P00018HSS	0.53	(0.04)	0.00	(0.74)	0.00	0.00	1.07	(1.17)	3.70
JYJ7	0.94	(0.02)	0.00	(0.07)	0.00	0.00	2.05	(2.01)	5.26
0P0001BICH	0.54	0.05	0.04	1.16	0.64	(0.59)	1.22	(1.15)	3.41
ABD9	0.65	0.09	0.09	2.20	0.63	(0.75)	1.30	(1.35)	4.20
TEPB	0.74	(0.10)	0.00	(0.36)	0.00	0.00	1.33	(1.98)	3.83
FJ2P	0.79	0.15	0.11	0.73	0.99	(0.78)	1.85	(1.56)	5.15
FH7W	0.27	0.00	(0.04)	0.00	0.30	(0.61)	0.61	(0.61)	1.23
0P00000RPB	0.33	0.11	0.20	2.00	0.00	(0.43)	0.81	(0.57)	2.51
JP5B	0.97	0.00	(0.01)	0.02	1.18	(1.17)	1.76	(1.96)	6.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in Templeton Global 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.

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