Templeton Foreign Fund Market Value
| TEFTX Fund | USD 8.05 0.01 0.12% |
| Symbol | Templeton |
Templeton Foreign 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Templeton Foreign's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Templeton Foreign.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Templeton Foreign on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Templeton Foreign Fund or generate 0.0% return on investment in Templeton Foreign over 60 days. Templeton Foreign is related to or competes with Shelton Emerging, T Rowe, Doubleline Emerging, Pace International, Transamerica Emerging, and Origin Emerging. Under normal market conditions, the fund invests at least 80 percent of its net assets in foreign securities More
Templeton Foreign Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Templeton Foreign's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Templeton Foreign Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 1.87 |
Templeton Foreign Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Templeton Foreign's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Templeton Foreign's standard deviation. In reality, there are many statistical measures that can use Templeton Foreign historical prices to predict the future Templeton Foreign's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Templeton Foreign's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Templeton Foreign Backtested Returns
Templeton Foreign owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0958, which indicates the fund had a -0.0958% return per unit of risk over the last 3 months. Templeton Foreign Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Templeton Foreign's Risk Adjusted Performance of (0.05), variance of 1.19, and Coefficient Of Variation of (1,427) to confirm the risk estimate we provide. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Templeton Foreign's returns are expected to increase less than the market. However, during the bear market, the loss of holding Templeton Foreign is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
Templeton Foreign Fund has good predictability. Overlapping area represents the amount of predictability between Templeton Foreign time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Templeton Foreign price movement. The serial correlation of 0.7 indicates that around 70.0% of current Templeton Foreign price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Templeton Foreign lagged returns against current returns
Autocorrelation, which is Templeton Foreign mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Templeton Foreign's mutual fund expected returns. We can calculate the autocorrelation of Templeton Foreign returns to help us make a trade decision. For example, suppose you find that Templeton Foreign has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Templeton Foreign regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Templeton Foreign mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Templeton Foreign mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Templeton Foreign mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Templeton Foreign Lagged Returns
When evaluating Templeton Foreign's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Templeton Foreign mutual fund have on its future price. Templeton Foreign autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Templeton Foreign autocorrelation shows the relationship between Templeton Foreign mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Templeton Foreign Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Templeton Mutual Fund
Templeton Foreign financial ratios help investors to determine whether Templeton Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Templeton with respect to the benefits of owning Templeton Foreign security.
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