Templeton Dragon Correlations

TDF Fund

USD 8.34 0.21 2.46%

The current 90-days correlation between Templeton Dragon Closed and Mexico Closed is 0.47 (i.e., Very weak diversification). The correlation of Templeton Dragon 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.

Templeton Dragon Correlation With Market

Significant diversification

The correlation between Templeton Dragon Closed and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Dragon Closed 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 Dragon Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Templeton Fund

0.61	SMPIX	Semiconductor Ultrasector	Pair Corr
0.61	SMPSX	Semiconductor Ultrasector	Pair Corr
0.81	RSNRX	Victory Global Natural	Pair Corr
0.81	RSNYX	Victory Global Natural	Pair Corr
0.65	FIKGX	Fidelity Advisor Sem	Pair Corr
0.81	RGNCX	Victory Global Natural	Pair Corr
0.7	LLPFX	Longleaf Partners	Pair Corr
0.78	RQECX	Resq Dynamic Allocation	Pair Corr
0.86	RIV	Rivernorth Opportunities	Pair Corr
0.73	FEMDX	Franklin Emerging Market	Pair Corr

Related Correlations Analysis

	MXF	NXG	CEE	JOF	MCR	EEA	JEQ	KF	SWZ	GF
MXF		-0.66	-0.7	0.83	0.65	0.85	0.81	0.71	0.92	0.72	MXF
NXG	-0.66		0.7	-0.62	-0.1	-0.89	-0.53	-0.92	-0.78	-0.38	NXG
CEE	-0.7	0.7		-0.52	-0.39	-0.75	-0.47	-0.7	-0.81	-0.65	CEE
JOF	0.83	-0.62	-0.52		0.67	0.84	0.96	0.67	0.87	0.61	JOF
MCR	0.65	-0.1	-0.39	0.67		0.48	0.69	0.16	0.62	0.77	MCR
EEA	0.85	-0.89	-0.75	0.84	0.48		0.78	0.87	0.95	0.66	EEA
JEQ	0.81	-0.53	-0.47	0.96	0.69	0.78		0.64	0.83	0.63	JEQ
KF	0.71	-0.92	-0.7	0.67	0.16	0.87	0.64		0.81	0.4	KF
SWZ	0.92	-0.78	-0.81	0.87	0.62	0.95	0.83	0.81		0.76	SWZ
GF	0.72	-0.38	-0.65	0.61	0.77	0.66	0.63	0.4	0.76		GF
	MXF	NXG	CEE	JOF	MCR	EEA	JEQ	KF	SWZ	GF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

JEQ	+ 0.96	JOF
SWZ	+ 0.95	EEA
SWZ	+ 0.92	MXF
SWZ	+ 0.87	JOF
KF	+ 0.87	EEA
EEA	+ 0.85	MXF

High negative correlations

KF	- 0.92	NXG
EEA	- 0.89	NXG
SWZ	- 0.81	CEE
SWZ	- 0.78	NXG
EEA	- 0.75	CEE
KF	- 0.7	CEE

Risk-Adjusted Indicators

There is a big difference between Templeton Fund performing well and Templeton Dragon 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 Dragon'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
MXF	0.93	(0.22)	0.00	(0.36)	0.00	0.00	2.23	(1.85)	5.24
NXG	0.75	0.32	0.29	0.72	0.00	(0.85)	2.57	(0.94)	5.18
CEE	1.08	0.10	0.07	0.23	1.07	(1.23)	2.52	(1.75)	13.97
JOF	0.72	(0.11)	0.00	(0.13)	0.00	0.00	1.72	(1.33)	4.31
MCR	0.34	(0.03)	(0.27)	(0.02)	0.41	(0.37)	0.65	(0.65)	1.88
EEA	0.66	(0.14)	0.00	(1.21)	0.00	0.00	1.12	(1.70)	4.08
JEQ	0.88	(0.14)	0.00	(0.08)	0.00	0.00	1.83	(1.79)	5.41
KF	0.98	(0.38)	0.00	(0.97)	0.00	0.00	1.28	(3.05)	7.70
SWZ	0.64	(0.19)	0.00	(0.56)	0.00	0.00	1.37	(1.84)	3.70
GF	0.73	(0.09)	0.00	(9.90)	0.00	0.00	1.42	(1.38)	6.29

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC