Templeton Global Correlations

Mutual Funds . USA . 
Fund . Templeton Global Smaller
TESGX Fund  USD 9.35  0.03  0.32%   
The current 90-days correlation between Templeton Global Smaller and Gold And Precious is 0.25 (i.e., Modest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Templeton Global Correlation With Market

Poor diversification

The correlation between Templeton Global Smaller and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Global Smaller 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 Global Smaller. 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 price.

Moving together with Templeton Mutual Fund

  0.92TEDIX Franklin Mutual GlobalPairCorr
  0.92TEDSX Franklin Mutual GlobalPairCorr
  0.92TEDRX Franklin Mutual GlobalPairCorr
  0.74TEFRX Templeton ForeignPairCorr
  0.73TEFTX Templeton ForeignPairCorr
  0.77TEGRX Templeton GrowthPairCorr
  0.74TEMFX Templeton ForeignPairCorr
  1.0TEMGX Templeton Global SmallerPairCorr
  0.71TEMMX Templeton EmergingPairCorr
  0.71TEMIX Franklin Mutual EuropeanPairCorr
  0.62TEMQX Mutual QuestPairCorr
  0.72TEMZX Templeton EmergingPairCorr
  0.64FQEMX Franklin Templeton SmacsPairCorr
  0.76TEPLX Templeton GrowthPairCorr
  0.75LGGAX Clearbridge InternationalPairCorr
  0.71TEURX Franklin Mutual EuropeanPairCorr
  0.71LGIEX Qs International EquityPairCorr

Related Correlations Analysis

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 Global 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 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.

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