Templeton World Correlations

Mutual Funds . USA . 
Fund . Templeton World Fund
TEWTX Fund  USD 16.53  0.01  0.06%   
The current 90-days correlation between Templeton World and Dodge Cox Stock is 0.21 (i.e., Modest diversification). The correlation of Templeton World 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 World Correlation With Market

Modest diversification

The correlation between Templeton World Fund 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 World 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 World 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

  0.9TEBIX Franklin Mutual BeaconPairCorr
  0.64TEDMX Templeton DevelopingPairCorr
  0.9TEDIX Franklin Mutual GlobalPairCorr
  0.9TEDSX Franklin Mutual GlobalPairCorr
  0.95TEDRX Franklin Mutual GlobalPairCorr
  0.62TEFRX Templeton ForeignPairCorr
  0.63TEFTX Templeton ForeignPairCorr
  0.86TEGBX Templeton Global BondPairCorr
  0.8TEGRX Templeton GrowthPairCorr
  0.62TEMFX Templeton ForeignPairCorr
  0.94TEMGX Templeton Global SmallerPairCorr
  0.91TEMEX Franklin Mutual BeaconPairCorr
  1.0TEMWX Templeton WorldPairCorr
  0.9TEMTX Franklin Mutual SharesPairCorr
  0.91SAIFX Clearbridge Large CapPairCorr
  0.8SAGYX Clearbridge AggressivePairCorr
  0.64TEMZX Templeton EmergingPairCorr
  0.75FQCHX Franklin Templeton SmacsPairCorr
  0.77TEPLX Templeton GrowthPairCorr
  1.0TWDAX Templeton WorldPairCorr
  0.9TESIX Franklin Mutual SharesPairCorr
  0.95TESGX Templeton Global SmallerPairCorr
  0.9TESRX Franklin Mutual SharesPairCorr
  0.77LGIEX Qs International EquityPairCorr
  0.85FQLAX Franklin Louisiana TaxPairCorr
  0.8SAPYX Clearbridge AppreciationPairCorr
  0.78SASMX Clearbridge Small CapPairCorr
  0.81FQNCX Franklin North CarolinaPairCorr
  0.83FQMDX Franklin Maryland TaxPairCorr

Moving against Templeton Mutual Fund

  0.79WAADX Western Asset SmashPairCorr

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 World 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 World'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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