Templeton Global Correlations

TGBAX Fund

USD 6.84 0.03 0.44%

The current 90-days correlation between Templeton Global Bond and Columbia Real Estate is 0.26 (i.e., Modest 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

Good diversification

The correlation between Templeton Global Bond and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Global Bond 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 Bond. 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

0.76	TEFRX	Templeton Foreign	Pair Corr
0.76	TEFTX	Templeton Foreign	Pair Corr
1.0	TEGBX	Templeton Global Bond	Pair Corr
0.75	TEMFX	Templeton Foreign	Pair Corr
0.81	TEMMX	Templeton Emerging	Pair Corr
0.78	TEMIX	Franklin Mutual European	Pair Corr
0.87	LGIEX	Qs International Equity	Pair Corr
0.96	WAFAX	Western Asset Inflation	Pair Corr
0.96	FSMFX	Franklin Strategic	Pair Corr
0.99	FTTRX	Templeton Global Total	Pair Corr
1.0	FGBRX	Templeton Global Bond	Pair Corr

Moving against Templeton Mutual Fund

0.77	SAGYX	Clearbridge Aggressive	Pair Corr
0.77	SBLGX	Clearbridge Large Cap	Pair Corr
0.77	SBLYX	Clearbridge Large Cap	Pair Corr
0.76	SAIFX	Clearbridge Large Cap	Pair Corr
0.7	TEMTX	Franklin Mutual Shares	Pair Corr
0.33	TEBIX	Franklin Mutual Beacon	Pair Corr
0.8	LCLAX	Clearbridge Select	Pair Corr
0.79	FISCX	Franklin Convertible	Pair Corr
0.79	LBWAX	Legg Mason Bw	Pair Corr
0.68	FSKKX	K2 Alternative Strategies	Pair Corr
0.68	BCAAX	Brandywineglobal C	Pair Corr
0.68	LANIX	Qs Growth Fund	Pair Corr
0.58	FEMDX	Franklin Emerging Market	Pair Corr
0.46	FLJSX	Franklin Lifesmart 2060	Pair Corr
0.44	FRNRX	Franklin Natural Res	Pair Corr

Related Correlations Analysis

	CREYX	MXREX	CNREX	FIKMX	RRRRX
CREYX		0.96	0.76	0.74	0.91	CREYX
MXREX	0.96		0.7	0.79	0.95	MXREX
CNREX	0.76	0.7		0.75	0.68	CNREX
FIKMX	0.74	0.79	0.75		0.87	FIKMX
RRRRX	0.91	0.95	0.68	0.87		RRRRX
	CREYX	MXREX	CNREX	FIKMX	RRRRX

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 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
CREYX	0.68	0.05	(0.06)	0.35	0.77	(0.74)	1.31	(1.31)	3.61
MXREX	0.66	0.04	(0.07)	0.29	0.73	(0.74)	1.34	(1.06)	3.63
CNREX	0.61	0.03	(0.07)	0.21	0.76	(0.63)	1.22	(1.53)	3.86
FIKMX	0.22	0.02	(0.36)	1.68	0.21	(0.23)	0.49	(0.41)	1.22
RRRRX	0.71	0.05	(0.08)	1.66	0.81	(0.74)	1.35	(1.37)	3.82

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