Templeton Foreign Correlations

Mutual Funds . USA . 
Fund . Templeton Foreign Fund
TFFAX Fund  USD 8.16  0.05  0.62%   
The current 90-days correlation between Templeton Foreign and Barings Active Short is 0.07 (i.e., Significant 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

Weak diversification

The correlation between Templeton Foreign Fund and DJI is 0.31 (i.e., 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 nation.

Moving together with Templeton Mutual Fund

  0.73TEDMX Templeton DevelopingPairCorr
  0.66TEDIX Franklin Mutual GlobalPairCorr
  0.66TEDSX Franklin Mutual GlobalPairCorr
  0.65TEDRX Franklin Mutual GlobalPairCorr
  0.76TEFRX Templeton ForeignPairCorr
  0.76TEFTX Templeton ForeignPairCorr
  0.76TEGBX Templeton Global BondPairCorr
  0.78TEGRX Templeton GrowthPairCorr
  0.76TEMFX Templeton ForeignPairCorr
  0.65TEMGX Templeton Global SmallerPairCorr
  0.62TEMWX Templeton WorldPairCorr
  0.79WAFAX Western Asset InflationPairCorr
  0.79SBCPX Qs Defensive GrowthPairCorr
  0.63FRGOX Franklin Gold PreciousPairCorr
  0.78FTCMX Franklin Fund AllocatorPairCorr
  0.74FTCOX Franklin Efolio AlloPairCorr
  0.7FTFZX Franklin Federal LimPairCorr
  0.82FCNBX Templeton InternationalPairCorr
  0.77TINCX Templeton Global BalancedPairCorr
  0.68FCSKX Franklin ConvertiblePairCorr
  0.68FCSZX Franklin ConvertiblePairCorr
  0.74CIABX Western Asset ShortPairCorr
  0.75BEGRX Franklin Mutual BeaconPairCorr

Related Correlations Analysis

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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.

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