Templeton Foreign Correlations

TFFAX Fund

USD 7.99 0.04 0.50%

The current 90-days correlation between Templeton Foreign and Mesirow Financial Small is 0.45 (i.e., Very weak 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

Weak diversification

The correlation between Templeton Foreign Fund and DJI is 0.35 (i.e., Weak 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Templeton Foreign Fund. 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 nation.

Moving together with Templeton Mutual Fund

0.68	TEDIX	Franklin Mutual Global	Pair Corr
0.71	TEDSX	Franklin Mutual Global	Pair Corr
0.69	TEDRX	Franklin Mutual Global	Pair Corr
1.0	TEFRX	Templeton Foreign	Pair Corr
1.0	TEFTX	Templeton Foreign	Pair Corr
0.75	TEGBX	Templeton Global Bond	Pair Corr
1.0	TEMFX	Templeton Foreign	Pair Corr
0.73	TEMGX	Templeton Global Smaller	Pair Corr
0.96	TEMMX	Templeton Emerging	Pair Corr
0.96	TEMIX	Franklin Mutual European	Pair Corr
0.94	LGIEX	Qs International Equity	Pair Corr
0.7	WAFAX	Western Asset Inflation	Pair Corr
0.75	FGBRX	Templeton Global Bond	Pair Corr
0.88	DOXFX	Dodge Cox International	Pair Corr
0.97	OANIX	Oakmark International	Pair Corr

Moving against Templeton Mutual Fund

0.51	TEMTX	Franklin Mutual Shares	Pair Corr
0.5	LBWAX	Legg Mason Bw	Pair Corr
0.42	SOPYX	Clearbridge Dividend	Pair Corr
0.31	LANIX	Qs Growth Fund	Pair Corr

Related Correlations Analysis

	MSVIX	VFAIX	ICFAX	IAAEX	PFSQX
MSVIX		0.83	0.9	0.92	0.86	MSVIX
VFAIX	0.83		0.92	0.88	1.0	VFAIX
ICFAX	0.9	0.92		0.94	0.94	ICFAX
IAAEX	0.92	0.88	0.94		0.89	IAAEX
PFSQX	0.86	1.0	0.94	0.89		PFSQX
	MSVIX	VFAIX	ICFAX	IAAEX	PFSQX

Click cells to compare fundamentals

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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
MSVIX	0.79	(0.06)	(0.03)	0.07	0.84	(0.88)	1.78	(1.41)	5.71
VFAIX	0.78	0.08	0.14	0.17	0.51	(0.91)	1.77	(1.22)	8.51
ICFAX	0.72	(0.02)	0.00	0.10	0.74	(0.89)	1.43	(1.21)	5.10
IAAEX	0.54	(0.02)	(0.09)	0.08	0.52	(0.61)	1.03	(0.98)	3.17
PFSQX	0.80	0.06	0.13	0.16	0.51	(1.01)	1.58	(1.42)	8.34

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