Templeton Emerging Correlations

Mutual Funds . USA . 
Fund . Templeton Emerging Markets
TCEMX Fund  USD 14.52  0.08  0.55%   
The current 90-days correlation between Templeton Emerging and Templeton Growth Fund is 0.05 (i.e., Significant diversification). The correlation of Templeton Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Templeton Emerging Markets and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Templeton Emerging 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 state.

Moving together with Templeton Mutual Fund

  0.86PEYAX Putnam Equity IncomePairCorr
  0.83TEBIX Franklin Mutual BeaconPairCorr
  0.93TEDMX Templeton DevelopingPairCorr
  0.85TEDIX Franklin Mutual GlobalPairCorr
  0.8TEDSX Franklin Mutual GlobalPairCorr
  0.8TEDRX Franklin Mutual GlobalPairCorr
  0.91TEFRX Templeton ForeignPairCorr
  0.91TEFTX Templeton ForeignPairCorr
  0.94TEGBX Templeton Global BondPairCorr
  0.63TEGRX Templeton GrowthPairCorr
  0.91TEMFX Templeton ForeignPairCorr
  0.86TEMGX Templeton Global SmallerPairCorr
  0.83TEMEX Franklin Mutual BeaconPairCorr
  1.0TEMMX Templeton EmergingPairCorr
  0.89TEMIX Franklin Mutual EuropeanPairCorr
  0.69TEMWX Templeton WorldPairCorr
  0.81TEMTX Franklin Mutual SharesPairCorr
  0.91TEMQX Mutual QuestPairCorr
  0.91FQCTX Franklin Necticut TaxPairCorr
  0.79SAIFX Clearbridge Large CapPairCorr
  1.0TEMZX Templeton EmergingPairCorr
  0.81FQCHX Franklin Templeton SmacsPairCorr
  0.94FQEMX Franklin Templeton SmacsPairCorr
  0.91TEQIX Franklin Mutual QuestPairCorr
  0.78TEPLX Templeton GrowthPairCorr
  0.69TWDAX Templeton WorldPairCorr
  0.8TESIX Franklin Mutual SharesPairCorr
  0.85TESGX Templeton Global SmallerPairCorr
  0.8TESRX Franklin Mutual SharesPairCorr
  0.73LGGAX Clearbridge InternationalPairCorr
  0.89TEURX Franklin Mutual EuropeanPairCorr
  0.79LGIEX Qs International EquityPairCorr
  0.93FQLAX Franklin Louisiana TaxPairCorr
  0.63TEWTX Templeton WorldPairCorr
  0.91FQNCX Franklin North CarolinaPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Templeton Mutual Fund performing well and Templeton Emerging 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 Emerging'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  0.56  0.08  0.09  0.16  0.49 
(0.59)
 1.38 
(1.09)
 3.29 
TEBIX  0.59  0.18  0.30  0.33  0.00 
(0.75)
 1.36 
(0.87)
 7.37 
TEDMX  0.73  0.18  0.19  0.36  0.50 
(0.80)
 1.95 
(1.18)
 3.95 
TEDIX  0.53  0.10  0.12  0.20  0.43 
(0.57)
 1.20 
(0.96)
 3.62 
TEDSX  0.64  0.20  0.28  0.32  0.16 
(0.75)
 1.44 
(0.95)
 9.53 
TEDRX  0.64  0.21  0.30  0.33  0.08 
(0.78)
 1.46 
(0.95)
 9.82 
TEFRX  0.63  0.13  0.13  0.23  0.57 
(0.72)
 1.58 
(1.38)
 4.00 
TEFTX  0.64  0.13  0.13  0.22  0.60 
(0.72)
 1.53 
(1.44)
 3.98 
TEGBX  0.28  0.05  0.01  0.38  0.09 
(0.40)
 0.68 
(0.42)
 2.16 
TEGRX  0.81  0.26  0.27  0.52  0.44 
(1.00)
 1.30 
(1.41)
 16.99 

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