Templeton Global Correlations

TAGBX Fund

USD 2.48 0.01 0.40%

The current 90-days correlation between Templeton Global Balanced and Lord Abbett Diversified is 0.71 (i.e., Poor 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

Weak diversification

The correlation between Templeton Global Balanced and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Global Balanced 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 bureau of labor statistics.

Moving together with Templeton Mutual Fund

0.76	TEBIX	Franklin Mutual Beacon	Pair Corr
0.78	TEDMX	Templeton Developing	Pair Corr
0.74	TEDIX	Franklin Mutual Global	Pair Corr
0.74	TEDSX	Franklin Mutual Global	Pair Corr
0.74	TEDRX	Franklin Mutual Global	Pair Corr
0.9	TEFRX	Templeton Foreign	Pair Corr
0.9	TEFTX	Templeton Foreign	Pair Corr
0.83	TEGBX	Templeton Global Bond	Pair Corr
0.87	TEGRX	Templeton Growth	Pair Corr
0.9	TEMFX	Templeton Foreign	Pair Corr
0.77	TEMGX	Templeton Global Smaller	Pair Corr
0.76	TEMEX	Franklin Mutual Beacon	Pair Corr
0.9	TEMIX	Franklin Mutual European	Pair Corr
0.66	TEMWX	Templeton World	Pair Corr
0.64	TEMTX	Franklin Mutual Shares	Pair Corr
0.72	TEMQX	Mutual Quest	Pair Corr
0.63	SAIFX	Clearbridge Large Cap	Pair Corr
0.68	SAGYX	Clearbridge Aggressive	Pair Corr
0.69	FQEMX	Franklin Templeton Smacs	Pair Corr
0.7	TEQIX	Franklin Mutual Quest	Pair Corr
0.87	TEPLX	Templeton Growth	Pair Corr
0.63	TESIX	Franklin Mutual Shares	Pair Corr
0.77	TESGX	Templeton Global Smaller	Pair Corr
0.67	TESRX	Franklin Mutual Shares	Pair Corr
0.77	LGGAX	Clearbridge International	Pair Corr
0.87	TEURX	Franklin Mutual European	Pair Corr
0.9	LGIEX	Qs International Equity	Pair Corr
0.65	TEWTX	Templeton World	Pair Corr
0.68	SAPYX	Clearbridge Appreciation	Pair Corr
0.66	SASMX	Clearbridge Small Cap	Pair Corr

Moving against Templeton Mutual Fund

0.53	WAADX	Western Asset Smash	Pair Corr
0.42	SBAYX	Western Asset Adjustable	Pair Corr

Related Correlations Analysis

	LIGFX	GABSX	QDARX	SWSSX	JPDVX	PHTNX	RTOUX
LIGFX		0.75	-0.3	0.88	0.78	0.95	0.82	LIGFX
GABSX	0.75		-0.32	0.82	0.83	0.85	0.82	GABSX
QDARX	-0.3	-0.32		-0.45	-0.38	-0.32	-0.48	QDARX
SWSSX	0.88	0.82	-0.45		0.76	0.86	0.92	SWSSX
JPDVX	0.78	0.83	-0.38	0.76		0.89	0.89	JPDVX
PHTNX	0.95	0.85	-0.32	0.86	0.89		0.86	PHTNX
RTOUX	0.82	0.82	-0.48	0.92	0.89	0.86		RTOUX
	LIGFX	GABSX	QDARX	SWSSX	JPDVX	PHTNX	RTOUX

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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

PHTNX	+ 0.95	LIGFX
RTOUX	+ 0.92	SWSSX
PHTNX	+ 0.89	JPDVX
RTOUX	+ 0.89	JPDVX
SWSSX	+ 0.88	LIGFX
PHTNX	+ 0.86	SWSSX

High negative correlations

RTOUX	- 0.48	QDARX
SWSSX	- 0.45	QDARX
JPDVX	- 0.38	QDARX
PHTNX	- 0.32	QDARX
QDARX	- 0.32	GABSX
QDARX	- 0.3	LIGFX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LIGFX	0.28	0.00	(0.13)	0.09	0.38	(0.28)	0.62	(0.50)	2.04
GABSX	0.83	(0.09)	0.00	(0.10)	0.00	0.00	1.60	(1.35)	9.00
QDARX	0.10	(0.01)	(0.43)	2.10	0.14	(0.15)	0.25	(0.25)	0.74
SWSSX	0.92	0.02	(0.02)	0.12	1.16	(0.98)	1.84	(1.63)	10.26
JPDVX	0.46	(0.02)	0.00	(0.14)	0.00	0.00	0.94	(1.19)	3.40
PHTNX	0.35	(0.01)	(0.10)	0.03	0.55	(0.35)	0.75	(0.68)	2.91
RTOUX	0.79	0.00	(0.05)	0.09	1.05	(0.84)	1.65	(1.35)	8.93

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