Templeton China Correlations

Summary

TACWXDelisted Fund

USD 8.23 0.00 0.00%

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 -0.18 (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
0.68	FSAWX	Fidelity Sai Convertible	Pair Corr
0.66	USIAX	Ubs Ultra Short	Pair Corr
0.64	TSDIX	Touchstone Ultra Short	Pair Corr
0.65	MURSX	Msif Real Estate	Pair Corr
0.76	AQMIX	Aqr Managed Futures	Pair Corr

Moving against Templeton Mutual Fund

0.66	BTMPX	Ishares Msci Eafe	Pair Corr
0.66	MDIIX	Blackrock Intern Index	Pair Corr
0.63	BTMKX	Blackrock International	Pair Corr
0.51	MICFX	Matthews China	Pair Corr
0.51	MCHFX	Matthews China	Pair Corr
0.43	FHKTX	Fidelity China Region	Pair Corr
0.43	FCHKX	Fidelity China Region	Pair Corr
0.43	FHKAX	Fidelity China Region	Pair Corr
0.42	FHKIX	Fidelity China Region	Pair Corr
0.42	FIQFX	Fidelity China Region	Pair Corr
0.42	FHKCX	Fidelity China Region	Pair Corr
0.58	IENSX	Invesco Energy	Pair Corr
0.45	JCRAX	Alps/corecommodity	Pair Corr

Related Correlations Analysis

	ROGSX	VITAX	CMTFX	BSTSX	RAGTX	HTECX	ITYYX
ROGSX		0.59	0.41	0.68	0.49	0.65	0.55	ROGSX
VITAX	0.59		0.86	0.67	0.97	0.59	0.35	VITAX
CMTFX	0.41	0.86		0.48	0.88	0.4	0.23	CMTFX
BSTSX	0.68	0.67	0.48		0.54	0.85	0.78	BSTSX
RAGTX	0.49	0.97	0.88	0.54		0.49	0.26	RAGTX
HTECX	0.65	0.59	0.4	0.85	0.49		0.81	HTECX
ITYYX	0.55	0.35	0.23	0.78	0.26	0.81		ITYYX
	ROGSX	VITAX	CMTFX	BSTSX	RAGTX	HTECX	ITYYX

Click cells to compare fundamentals

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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
ROGSX	0.95	(0.05)	0.00	(0.16)	0.00	0.00	1.70	(2.51)	8.31
VITAX	0.96	0.04	0.03	0.12	1.34	(0.91)	1.98	(2.19)	6.47
CMTFX	0.98	0.05	0.04	2.86	1.34	(0.99)	1.96	(2.47)	5.99
BSTSX	1.11	0.00	0.00	(0.01)	1.77	(1.06)	2.16	(2.50)	8.24
RAGTX	1.05	0.08	0.05	0.28	1.46	(1.02)	2.20	(2.43)	7.50
HTECX	1.03	0.01	0.01	0.02	1.56	(0.94)	1.67	(2.15)	9.04
ITYYX	1.24	(0.03)	0.00	(0.05)	0.00	0.00	2.38	(2.56)	12.95

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.

Red Oak Technology Vanguard Information Technology Columbia Global Technology Blackrock Science Technology Allianzgi Technology Fund Hennessy Technology Fund Invesco Technology 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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