Templeton Developing Correlations

Mutual Funds . USA . 
Fund . Templeton Developing Markets
TDADX Fund  USD 30.07  0.08  0.27%   
The current 90-days correlation between Templeton Developing and Rbc Bluebay Global is 0.25 (i.e., Modest 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 World Market Map 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 small area income & poverty estimates.

Moving together with Templeton Mutual Fund

  0.9PEYAX Putnam Equity IncomePairCorr
  0.89TEBIX Franklin Mutual BeaconPairCorr
  1.0TEDMX Templeton DevelopingPairCorr
  0.89TEDIX Franklin Mutual GlobalPairCorr
  0.87TEDSX Franklin Mutual GlobalPairCorr
  0.87TEDRX Franklin Mutual GlobalPairCorr
  0.98TEFRX Templeton ForeignPairCorr
  0.98TEFTX Templeton ForeignPairCorr
  0.93TEGBX Templeton Global BondPairCorr
  0.74TEGRX Templeton GrowthPairCorr
  0.98TEMFX Templeton ForeignPairCorr
  0.93TEMGX Templeton Global SmallerPairCorr
  0.89TEMEX Franklin Mutual BeaconPairCorr
  0.93TEMMX Templeton EmergingPairCorr
  0.93TEMIX Franklin Mutual EuropeanPairCorr
  0.81TEMWX Templeton WorldPairCorr
  0.86TEMTX Franklin Mutual SharesPairCorr
  0.92TEMQX Mutual QuestPairCorr
  0.88FQCTX Franklin Necticut TaxPairCorr
  0.87SAIFX Clearbridge Large CapPairCorr
  0.93TEMZX Templeton EmergingPairCorr
  0.83FQCHX Franklin Templeton SmacsPairCorr
  1.0FQEMX Franklin Templeton SmacsPairCorr
  0.92TEQIX Franklin Mutual QuestPairCorr
  0.9TEPLX Templeton GrowthPairCorr
  0.81TWDAX Templeton WorldPairCorr
  0.87TESIX Franklin Mutual SharesPairCorr
  0.92TESGX Templeton Global SmallerPairCorr
  0.87TESRX Franklin Mutual SharesPairCorr
  0.84LGGAX Clearbridge InternationalPairCorr
  0.93TEURX Franklin Mutual EuropeanPairCorr
  0.87LGIEX Qs International EquityPairCorr
  0.9FQLAX Franklin Louisiana TaxPairCorr
  0.79TEWTX Templeton WorldPairCorr
  0.69SAPYX Clearbridge AppreciationPairCorr
  0.72SASMX Clearbridge Small CapPairCorr
  0.91FQNCX 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.

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