Templeton Global Correlations

TEMGX Fund

USD 10.12 0.03 0.30%

The current 90-days correlation between Templeton Global Smaller and Franklin Moderate Allocation is 0.82 (i.e., Very poor diversification). The correlation of Templeton Global 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 Global Correlation With Market

Poor diversification

The correlation between Templeton Global Smaller and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Global Smaller 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 Global Smaller. 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 price.

Moving together with Templeton Mutual Fund

0.92	TEDIX	Franklin Mutual Global	Pair Corr
0.92	TEDSX	Franklin Mutual Global	Pair Corr
0.92	TEDRX	Franklin Mutual Global	Pair Corr
0.73	TEFRX	Templeton Foreign	Pair Corr
0.72	TEFTX	Templeton Foreign	Pair Corr
0.78	TEGRX	Templeton Growth	Pair Corr
0.72	TEMFX	Templeton Foreign	Pair Corr
0.7	TEMMX	Templeton Emerging	Pair Corr
0.7	TEMIX	Franklin Mutual European	Pair Corr
0.64	TEMQX	Mutual Quest	Pair Corr
0.7	TEMZX	Templeton Emerging	Pair Corr
0.65	FQEMX	Franklin Templeton Smacs	Pair Corr
0.61	TEQIX	Franklin Mutual Quest	Pair Corr
0.78	TEPLX	Templeton Growth	Pair Corr
1.0	TESGX	Templeton Global Smaller	Pair Corr
0.74	LGGAX	Clearbridge International	Pair Corr
0.69	TEURX	Franklin Mutual European	Pair Corr
0.69	LGIEX	Qs International Equity	Pair Corr

Related Correlations Analysis

	FMTIX	RERPX	HBAIX	URFRX	JTSQX
FMTIX		0.7	0.9	0.89	0.88	FMTIX
RERPX	0.7		0.8	0.79	0.73	RERPX
HBAIX	0.9	0.8		0.99	0.98	HBAIX
URFRX	0.89	0.79	0.99		0.99	URFRX
JTSQX	0.88	0.73	0.98	0.99		JTSQX
	FMTIX	RERPX	HBAIX	URFRX	JTSQX

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Risk-Adjusted Indicators

There is a big difference between Templeton Mutual Fund performing well and Templeton Global 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 Global'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
FMTIX	0.35	(0.02)	(0.18)	0.06	0.42	(0.37)	0.75	(0.75)	2.01
RERPX	0.26	0.00	(0.27)	0.36	0.31	(0.29)	0.55	(0.62)	1.57
HBAIX	0.35	0.03	(0.17)	1.30	0.42	(0.38)	0.83	(0.68)	2.05
URFRX	0.43	0.03	(0.15)	1.25	0.51	(0.48)	0.95	(0.80)	2.44
JTSQX	0.50	0.04	(0.11)	(9.15)	0.63	(0.52)	1.12	(0.93)	3.11

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Templeton Global Correlations

Templeton Global Correlation With Market

Poor diversification

Moving together with Templeton Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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