Templeton Foreign Correlations
| TEFTX Fund | USD 7.82 0.04 0.51% |
The current 90-days correlation between Templeton Foreign and Allianzgi Diversified Income is 0.03 (i.e., Significant diversification). The correlation of Templeton Foreign 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 Foreign Correlation With Market
Modest diversification
The correlation between Templeton Foreign Fund and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Foreign Fund and DJI in the same portfolio, assuming nothing else is changed.
Templeton |
Moving together with Templeton Mutual Fund
| 0.7 | TEBIX | Franklin Mutual Beacon | PairCorr |
| 0.96 | TEDMX | Templeton Developing | PairCorr |
| 0.79 | TEDIX | Franklin Mutual Global | PairCorr |
| 0.79 | TEDSX | Franklin Mutual Global | PairCorr |
| 0.79 | TEDRX | Franklin Mutual Global | PairCorr |
| 1.0 | TEFRX | Templeton Foreign | PairCorr |
| 0.96 | TEGBX | Templeton Global Bond | PairCorr |
| 0.81 | TEGRX | Templeton Growth | PairCorr |
| 1.0 | TEMFX | Templeton Foreign | PairCorr |
| 0.7 | TEMEX | Franklin Mutual Beacon | PairCorr |
| 0.96 | TEMIX | Franklin Mutual European | PairCorr |
| 0.91 | FQEMX | Franklin Templeton Smacs | PairCorr |
| 0.81 | TEPLX | Templeton Growth | PairCorr |
| 0.62 | TESRX | Franklin Mutual Shares | PairCorr |
| 0.8 | LGGAX | Clearbridge International | PairCorr |
| 0.96 | TEURX | Franklin Mutual European | PairCorr |
| 0.62 | LGIEX | Qs International Equity | PairCorr |
| 0.83 | FQTEX | Franklin Strategic Series | PairCorr |
Moving against Templeton Mutual Fund
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Templeton Mutual Fund performing well and Templeton Foreign 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 Foreign'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XACVX | 0.65 | 0.00 | 0.01 | 0.05 | 0.98 | 1.24 | 5.43 | |||
| TRHBX | 0.98 | (0.04) | 0.00 | (0.08) | 0.00 | 1.82 | 10.23 | |||
| DLTZX | 0.08 | 0.00 | 0.03 | 0.05 | 0.00 | 0.26 | 0.64 | |||
| WDIAX | 0.54 | (0.04) | 0.00 | (0.17) | 0.00 | 1.05 | 5.40 | |||
| MBLAX | 0.23 | (0.02) | 0.00 | (0.12) | 0.00 | 0.46 | 1.79 | |||
| FARIX | 0.28 | (0.01) | 0.00 | (0.15) | 0.00 | 0.65 | 2.12 | |||
| NSIDX | 1.00 | (0.05) | 0.00 | (0.12) | 0.00 | 1.81 | 11.20 |