Templeton Global Correlations

TGBAX Fund  USD 6.73  0.04  0.60%   
The current 90-days correlation between Templeton Global Bond and Arrow Managed Futures 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Templeton Global Correlation With Market

TempletonDowDiversified AwayTempletonDowDiversified Away100%

Significant diversification

The correlation between Templeton Global Bond and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Global Bond 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 Bond. 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

  0.95TEBIX Franklin Mutual BeaconPairCorr
  0.67TEDMX Templeton DevelopingPairCorr
  0.93TEDIX Franklin Mutual GlobalPairCorr
  0.93TEDSX Franklin Mutual GlobalPairCorr
  0.93TEDRX Franklin Mutual GlobalPairCorr
  0.67TEFRX Templeton ForeignPairCorr
  0.73TEFTX Templeton ForeignPairCorr
  0.96TEGBX Templeton Global BondPairCorr
  0.85TEGRX Templeton GrowthPairCorr
  0.67TEMFX Templeton ForeignPairCorr
  0.85TEMGX Templeton Global SmallerPairCorr
  0.95TEMEX Franklin Mutual BeaconPairCorr
  0.87TEMWX Templeton WorldPairCorr
  0.83TEMTX Franklin Mutual SharesPairCorr
  0.71TEMQX Mutual QuestPairCorr
  0.78FQCTX Franklin Necticut TaxPairCorr
  0.78SAIFX Clearbridge Large CapPairCorr
  0.85SAGYX Clearbridge AggressivePairCorr
  0.83FQCHX Franklin Templeton SmacsPairCorr
  0.61TEQIX Franklin Mutual QuestPairCorr
  0.87TEPLX Templeton GrowthPairCorr
  0.88TWDAX Templeton WorldPairCorr
  0.83TESIX Franklin Mutual SharesPairCorr
  0.81TESGX Templeton Global SmallerPairCorr
  0.83TESRX Franklin Mutual SharesPairCorr
  0.68LGGAX Clearbridge InternationalPairCorr
  0.85LGIEX Qs International EquityPairCorr
  0.87FQLAX Franklin Louisiana TaxPairCorr
  0.84TEWTX Templeton WorldPairCorr
  0.79SAPYX Clearbridge AppreciationPairCorr
  0.83SASMX Clearbridge Small CapPairCorr
  0.86FQNCX Franklin North CarolinaPairCorr
  0.82FQMDX Franklin Maryland TaxPairCorr
  0.7WAARX Western Asset TotalPairCorr

Moving against Templeton Mutual Fund

  0.67WAADX 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 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.