Templeton Emerging Correlations

Mutual Funds . USA . 
Fund . Templeton Emerging Markets
TEMZX Fund  USD 14.92  0.19  1.26%   
The current 90-days correlation between Templeton Emerging and Columbia Global Technology is 0.68 (i.e., Poor 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Templeton Emerging Correlation With Market

Poor diversification

The correlation between Templeton Emerging Markets and DJI is 0.69 (i.e., Poor 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 mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Templeton Mutual Fund

  0.93TEBIX Franklin Mutual BeaconPairCorr
  0.97TEDMX Templeton DevelopingPairCorr
  0.87TEDIX Franklin Mutual GlobalPairCorr
  0.86TEDSX Franklin Mutual GlobalPairCorr
  0.86TEDRX Franklin Mutual GlobalPairCorr
  0.9TEFRX Templeton ForeignPairCorr
  0.9TEFTX Templeton ForeignPairCorr
  0.86TEGBX Templeton Global BondPairCorr
  0.95TEGRX Templeton GrowthPairCorr
  0.9TEMFX Templeton ForeignPairCorr
  0.9TEMGX Templeton Global SmallerPairCorr
  0.93TEMEX Franklin Mutual BeaconPairCorr
  0.92TEMMX Templeton EmergingPairCorr
  0.88TEMIX Franklin Mutual EuropeanPairCorr
  0.85TEMWX Templeton WorldPairCorr
  0.72TEMTX Franklin Mutual SharesPairCorr
  0.78TEMQX Mutual QuestPairCorr
  0.71SAIFX Clearbridge Large CapPairCorr
  0.97SAGYX Clearbridge AggressivePairCorr
  0.86FQEMX Franklin Templeton SmacsPairCorr
  0.76TEQIX Franklin Mutual QuestPairCorr
  0.88TEPLX Templeton GrowthPairCorr
  0.85TWDAX Templeton WorldPairCorr
  0.76TESIX Franklin Mutual SharesPairCorr
  0.85TESGX Templeton Global SmallerPairCorr
  0.76TESRX Franklin Mutual SharesPairCorr
  0.97LGGAX Clearbridge InternationalPairCorr
  0.87TEURX Franklin Mutual EuropeanPairCorr
  0.88LGIEX Qs International EquityPairCorr
  0.85TEWTX Templeton WorldPairCorr
  0.95SAPYX Clearbridge AppreciationPairCorr
  0.83SASMX Clearbridge Small CapPairCorr
  0.82WAADX Western Asset SmashPairCorr
  0.76WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Templeton Mutual Fund performing well and Templeton Emerging 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 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.

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