Templeton Developing Correlations

Mutual Funds . USA . 
Fund . Templeton Developing Markets
FDEVX Fund  USD 31.04  0.60  1.97%   
The current 90-days correlation between Templeton Developing and Templeton Growth Fund is 0.11 (i.e., Average diversification). The correlation of Templeton Developing 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 Developing Correlation With Market

Very poor diversification

The correlation between Templeton Developing Markets and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Developing Markets 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 Developing Markets. 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 persons.

Moving together with Templeton Mutual Fund

  0.92PEYAX Putnam Equity IncomePairCorr
  0.94TEBIX Franklin Mutual BeaconPairCorr
  0.99TEDMX Templeton DevelopingPairCorr
  0.92TEDIX Franklin Mutual GlobalPairCorr
  0.92TEDSX Franklin Mutual GlobalPairCorr
  0.92TEDRX Franklin Mutual GlobalPairCorr
  0.98TEFRX Templeton ForeignPairCorr
  0.98TEFTX Templeton ForeignPairCorr
  0.94TEGBX Templeton Global BondPairCorr
  0.76TEGRX Templeton GrowthPairCorr
  0.98TEMFX Templeton ForeignPairCorr
  0.93TEMGX Templeton Global SmallerPairCorr
  0.94TEMEX Franklin Mutual BeaconPairCorr
  0.94TEMMX Templeton EmergingPairCorr
  0.95TEMIX Franklin Mutual EuropeanPairCorr
  0.76TEMWX Templeton WorldPairCorr
  0.9TEMTX Franklin Mutual SharesPairCorr
  0.95TEMQX Mutual QuestPairCorr
  0.9FQCTX Franklin Necticut TaxPairCorr
  0.9SAIFX Clearbridge Large CapPairCorr
  0.94TEMZX Templeton EmergingPairCorr
  0.88FQCHX Franklin Templeton SmacsPairCorr
  0.99FQEMX Franklin Templeton Smacs Steady GrowthPairCorr
  0.95TEQIX Franklin Mutual QuestPairCorr
  0.9TEPLX Templeton GrowthPairCorr
  0.81TWDAX Templeton WorldPairCorr
  0.91TESIX Franklin Mutual SharesPairCorr
  0.94TESGX Templeton Global SmallerPairCorr
  0.9TESRX Franklin Mutual SharesPairCorr
  0.86LGGAX Clearbridge InternationalPairCorr
  0.95TEURX Franklin Mutual EuropeanPairCorr
  0.9LGIEX Qs International EquityPairCorr
  0.92FQLAX Franklin Louisiana TaxPairCorr
  0.75TEWTX Templeton WorldPairCorr
  0.69SAPYX Clearbridge AppreciationPairCorr
  0.73SASMX Clearbridge Small CapPairCorr
  0.93FQNCX Franklin North CarolinaPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Templeton Mutual Fund performing well and Templeton Developing 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 Developing'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
PEYAX  0.55  0.15  0.07 (1.40) 0.45 
(0.60)
 1.38 
(1.09)
 3.29 
TEBIX  0.47  0.16  0.12 (1.92) 0.10 
(0.58)
 1.20 
(0.80)
 2.90 
TEDMX  0.75  0.29  0.22 (2.09) 0.42 
(0.83)
 1.99 
(1.18)
 3.95 
TEDIX  0.50  0.15  0.09 (2.24) 0.34 
(0.55)
 1.20 
(0.89)
 3.62 
TEDSX  0.49  0.15  0.09 (2.29) 0.35 
(0.54)
 1.21 
(0.88)
 3.60 
TEDRX  0.48  0.10  0.11  0.23  0.30 
(0.54)
 1.22 
(0.88)
 3.63 
TEFRX  0.59  0.13  0.12  0.26  0.51 
(0.67)
 1.58 
(1.38)
 4.00 
TEFTX  0.62  0.20  0.10 (0.88) 0.56 
(0.68)
 1.53 
(1.44)
 3.98 
TEGBX  0.30  0.04 (0.09) 0.36  0.17 
(0.40)
 0.68 
(0.42)
 2.16 
TEGRX  0.79  0.31  0.32  0.68  0.13 
(0.98)
 1.30 
(1.27)
 16.99 

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