Templeton Emerging Correlations

TEI Fund

USD 5.22 0.03 0.57%

The current 90-days correlation between Templeton Emerging and Franklin Templeton Limited is 0.46 (i.e., Very weak 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.

Templeton Emerging Correlation With Market

Weak diversification

The correlation between Templeton Emerging Markets and DJI is 0.34 (i.e., Weak 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 fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Templeton Fund

0.83	KF	Korea Closed	Pair Corr
0.65	TDF	Templeton Dragon Closed	Pair Corr
0.66	UTF	Cohen And Steers	Pair Corr
0.82	RNP	Cohen Steers Reit	Pair Corr

Moving against Templeton Fund

0.86	CUSHX	Columbia Ultra Short	Pair Corr
0.76	PFFRX	T Rowe Price	Pair Corr
0.76	IIXIX	Catalyst Insider Income	Pair Corr
0.74	IFRRX	Voya Floating Rate	Pair Corr
0.73	BXSL	Blackstone Secured	Pair Corr
0.73	LFROX	Lord Abbett Floating	Pair Corr
0.7	BTCFX	Bitcoin Strategy Profund Steady Growth	Pair Corr
0.65	RYIFX	Guggenheim Managed	Pair Corr
0.64	DRGTX	Allianzgi Technology	Pair Corr
0.58	VIGRX	Vanguard Growth Index	Pair Corr
0.58	VIGAX	Vanguard Growth Index	Pair Corr
0.5	BUMGX	Cboe Vest Sp	Pair Corr
0.41	AOFAX	Alger Small Cap	Pair Corr
0.39	CSAIX	Credit Suisse Managed	Pair Corr
0.38	GCPYX	Gateway Equity Call	Pair Corr
0.84	PQTAX	Pimco Trends Managed	Pair Corr
0.81	CREMX	Redwood Real Estate	Pair Corr
0.8	DBFRX	Doubleline Floating Rate	Pair Corr
0.79	SRDAX	Stone Ridge Diversified	Pair Corr
0.75	MSULX	Us Real Estate	Pair Corr
0.72	QLENX	Aqr Long Short	Pair Corr
0.71	FHQFX	Fidelity Series Treasury	Pair Corr
0.7	CNEIX	Alger Concentrated Equity	Pair Corr
0.69	BITW	Bitwise 10 Crypto	Pair Corr
0.68	FULAX	Federated Ultrashort Bond	Pair Corr
0.64	FFRDX	Franklin Floating Rate	Pair Corr

Related Correlations Analysis

	FTF	EHI	MMT	FAX	IAF	JEQ	EDF	TDF	NMI	IGI
FTF		0.76	0.11	-0.37	0.21	0.38	0.42	-0.53	0.07	-0.07	FTF
EHI	0.76		0.17	-0.08	0.28	0.41	0.49	-0.18	0.07	0.09	EHI
MMT	0.11	0.17		0.66	0.34	0.58	0.29	0.46	0.67	0.75	MMT
FAX	-0.37	-0.08	0.66		0.49	0.3	0.18	0.77	0.59	0.79	FAX
IAF	0.21	0.28	0.34	0.49		0.53	0.36	0.15	0.38	0.55	IAF
JEQ	0.38	0.41	0.58	0.3	0.53		0.16	0.25	0.32	0.58	JEQ
EDF	0.42	0.49	0.29	0.18	0.36	0.16		-0.1	0.35	0.07	EDF
TDF	-0.53	-0.18	0.46	0.77	0.15	0.25	-0.1		0.33	0.57	TDF
NMI	0.07	0.07	0.67	0.59	0.38	0.32	0.35	0.33		0.6	NMI
IGI	-0.07	0.09	0.75	0.79	0.55	0.58	0.07	0.57	0.6		IGI
	FTF	EHI	MMT	FAX	IAF	JEQ	EDF	TDF	NMI	IGI

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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

IGI	+ 0.79	FAX
TDF	+ 0.77	FAX
EHI	+ 0.76	FTF
IGI	+ 0.75	MMT
NMI	+ 0.67	MMT
FAX	+ 0.66	MMT

High negative correlations

TDF	- 0.53	FTF
FAX	- 0.37	FTF
TDF	- 0.18	EHI
TDF	- 0.1	EDF
FAX	- 0.08	EHI
IGI	- 0.07	FTF

Risk-Adjusted Indicators

There is a big difference between Templeton Fund performing well and Templeton Emerging 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FTF	0.47	0.02	0.00	0.10	0.62	(0.53)	0.94	(0.90)	3.38
EHI	0.59	0.02	0.01	0.09	0.66	(0.67)	1.22	(1.20)	3.03
MMT	0.45	(0.05)	0.00	(0.71)	0.00	0.00	0.66	(1.08)	3.28
FAX	0.64	(0.12)	0.00	(0.44)	0.00	0.00	1.29	(1.42)	4.24
IAF	0.76	(0.05)	0.00	(0.13)	0.00	0.00	1.91	(1.84)	5.29
JEQ	0.78	(0.11)	0.00	(0.32)	0.00	0.00	1.41	(1.71)	4.68
EDF	0.95	0.00	(0.01)	0.04	1.12	(1.18)	2.06	(2.05)	5.63
TDF	1.24	(0.14)	0.00	(0.79)	0.00	0.00	2.41	(3.12)	10.31
NMI	0.36	(0.03)	0.00	(0.21)	0.00	0.00	0.84	(0.84)	2.45
IGI	0.36	(0.06)	0.00	(1.26)	0.00	0.00	0.49	(0.83)	1.98

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