Templeton Global Correlations

Mutual Funds . USA . 
Fund . Templeton Global Bond
FBNRX Fund  USD 6.79  0.01  0.15%   
The current 90-days correlation between Templeton Global Bond and Templeton Global Bond is -0.1 (i.e., Good 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

Good diversification

The correlation between Templeton Global Bond and DJI is -0.02 (i.e., Good 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 Investing Opportunities 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 metropolitan statistical area.

Moving together with Templeton Mutual Fund

  0.73TEFRX Templeton ForeignPairCorr
  0.98TEGBX Templeton Global BondPairCorr
  0.96WABAX Western Asset EPairCorr
  0.95WAFAX Western Asset InflationPairCorr
  0.73FRCTX Franklin California TaxPairCorr
  0.86SBIEX Clearbridge InternationalPairCorr
  0.83TFSCX Foreign Smaller PaniesPairCorr
  0.68FRORX Franklin Oregon TaxPairCorr
  0.87FRSTX Franklin Strategic IncomePairCorr
  0.97FRUGX Franklin GovernmentPairCorr

Moving against Templeton Mutual Fund

  0.76SAGYX Clearbridge AggressivePairCorr
  0.74SAIFX Clearbridge Large CapPairCorr
  0.66FRAAX Franklin Growth OppoPairCorr
  0.52FRDPX Franklin Rising DividendsPairCorr
  0.52FRDTX Franklin Rising DividendsPairCorr
  0.46TWDAX Templeton WorldPairCorr
  0.43TEWTX Templeton WorldPairCorr
  0.35FQTEX Franklin Strategic SeriesPairCorr
  0.78FROTX Franklin ConvertiblePairCorr
  0.52FRISX Franklin Rising DividendsPairCorr
  0.49FRUAX Franklin UtilitiesPairCorr
  0.41FRLEX Franklin Lifesmart 2050PairCorr
  0.4FRNRX Franklin Natural ResPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FGBRX  0.47 (0.12) 0.00 (1.27) 0.00 
 0.00 
 0.82 
(0.95)
 2.77 
FBNRX  0.47 (0.11) 0.00  6.77  0.00 
 0.00 
 0.73 
(0.94)
 2.98 
FCWBX  0.27 (0.07) 0.00 (1.21) 0.00 
 0.00 
 0.43 
(0.56)
 1.78 
RCWBX  0.26 (0.07) 0.00 (1.16) 0.00 
 0.00 
 0.44 
(0.57)
 1.74 
CCWFX  0.26 (0.06) 0.00  1.08  0.00 
 0.00 
 0.44 
(0.50)
 1.85 
CCWCX  0.26 (0.06) 0.00  1.23  0.00 
 0.00 
 0.44 
(0.50)
 1.79 
RCWEX  0.25 (0.06) 0.00  1.08  0.00 
 0.00 
 0.43 
(0.50)
 1.78 
CCWEX  0.26 (0.06) 0.00  1.19  0.00 
 0.00 
 0.44 
(0.56)
 1.78 
RCWCX  0.27 (0.06) 0.00  1.15  0.00 
 0.00 
 0.44 
(0.56)
 1.78 
RCWGX  0.26 (0.06) 0.00  1.34  0.00 
 0.00 
 0.43 
(0.56)
 1.84 

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