Templeton China Correlations

Summary

TACWXDelisted Fund

USD 8.23 0.00 0.00%

The current 90-days correlation between Templeton China World and Bbh Intermediate Municipal is -0.13 (i.e., Good diversification). The correlation of Templeton China 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 China Correlation With Market

Good diversification

The correlation between Templeton China World and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton China World and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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 housing.

Moving together with TEMPLETON Mutual Fund

1.0	FCWRX	Templeton China World	Pair Corr
0.65	SAGAX	Ridgeworth Innovative	Pair Corr
0.66	ILESX	Fisher Investments	Pair Corr
0.65	AMEIX	Equity Growth	Pair Corr
0.61	VFINX	Vanguard 500 Index	Pair Corr
0.61	VIIIX	Vanguard Institutional	Pair Corr
0.63	MLMAX	Global E Portfolio	Pair Corr
0.65	VSEQX	Vanguard Strategic Equity	Pair Corr
0.64	VFTAX	Vanguard Ftse Social	Pair Corr
0.71	TLCYX	Touchstone Large Cap	Pair Corr

Moving against TEMPLETON Mutual Fund

0.66	CIFRX	Columbia Porate Income	Pair Corr
0.63	LIIAX	Columbia Porate Income	Pair Corr
0.63	SRINX	Columbia Porate Income	Pair Corr
0.36	VEMBX	Vanguard Emerging Markets	Pair Corr

Related Correlations Analysis

	BBINX	IPBAX	MBSAX	MDMTX	USCBX	ARTFX	OKMUX
BBINX		0.09	0.77	0.89	0.92	0.0	0.96	BBINX
IPBAX	0.09		0.4	-0.15	0.19	0.74	-0.02	IPBAX
MBSAX	0.77	0.4		0.67	0.75	0.15	0.76	MBSAX
MDMTX	0.89	-0.15	0.67		0.86	-0.33	0.95	MDMTX
USCBX	0.92	0.19	0.75	0.86		0.13	0.93	USCBX
ARTFX	0.0	0.74	0.15	-0.33	0.13		-0.15	ARTFX
OKMUX	0.96	-0.02	0.76	0.95	0.93	-0.15		OKMUX
	BBINX	IPBAX	MBSAX	MDMTX	USCBX	ARTFX	OKMUX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OKMUX	+ 0.96	BBINX
OKMUX	+ 0.95	MDMTX
OKMUX	+ 0.93	USCBX
USCBX	+ 0.92	BBINX
MDMTX	+ 0.89	BBINX
USCBX	+ 0.86	MDMTX

High negative correlations

ARTFX	- 0.33	MDMTX
OKMUX	- 0.15	ARTFX
MDMTX	- 0.15	IPBAX
OKMUX	- 0.02	IPBAX
ARTFX	- 0.0	BBINX

Risk-Adjusted Indicators

There is a big difference between TEMPLETON Mutual Fund performing well and Templeton China 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 China'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBINX	0.12	0.01	(0.41)	0.01	0.15	(0.19)	0.29	(0.29)	1.07
IPBAX	0.33	(0.02)	(0.18)	0.07	0.33	(0.39)	0.59	(0.58)	1.94
MBSAX	0.21	(0.01)	(0.36)	0.03	0.24	(0.22)	0.37	(0.44)	1.25
MDMTX	0.17	0.01	(0.28)	0.01	0.24	(0.23)	0.38	(0.56)	1.33
USCBX	0.16	0.02	(0.24)	(0.09)	0.22	(0.23)	0.39	(0.29)	1.74
ARTFX	0.12	0.03	(0.56)	0.58	0.00	(0.21)	0.33	(0.22)	1.01
OKMUX	0.15	0.01	(0.23)	0.00	0.23	(0.27)	0.29	(0.47)	1.52

Templeton China Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Templeton China mutual fund to make a market-neutral strategy. Peer analysis of Templeton China could also be used in its relative valuation, which is a method of valuing Templeton China by comparing valuation metrics with similar companies.

Bbh Intermediate Municipal Inflation Protected Bond Fund Multisector Bond Sma Blrc Sgy Mnp California Bond Fund Artisan High Income Oklahoma Municipal Fund American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Still Interested in Templeton China World?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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