Templeton Dragon Correlations

Funds . USA . 
Fund . Templeton Dragon Closed
TDF Fund  USD 10.25  0.15  1.49%   
The current 90-days correlation between Templeton Dragon Closed and Templeton Emerging Markets is 0.62 (i.e., Poor diversification). The correlation of Templeton Dragon 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.

Templeton Dragon Correlation With Market

Weak diversification

The correlation between Templeton Dragon Closed and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Dragon Closed 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 Dragon Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Templeton Fund

  0.74NHS Neuberger Berman HighPairCorr
  0.94GCMDX Goldman Sachs LocalPairCorr
  0.89GPPSX Goldman Sachs ShortPairCorr
  0.92ADNIX Amer Beacon Ark Steady GrowthPairCorr
  0.74VRREX Virtus Real EstatePairCorr
  0.97FLCNX Fidelity ContrafundPairCorr
  0.92FTZFX Fuller Thaler BehavioralPairCorr
  0.96NWOBX Nationwide DestinationPairCorr
  0.96QIBGX Federated Mdt BalancedPairCorr
  0.66IORLX Aim Taxexempt FundsPairCorr
  0.81FUFRX Franklin UtilitiesPairCorr
  0.95CHY Calamos Convertible AndPairCorr
  0.96TWGIX Growth Fund IPairCorr
  0.73KAMCX Kensington Managed IncomePairCorr
  0.94OAZMX Oakmark Fund R6PairCorr
  0.96JGMCX Janus TritonPairCorr
  0.93AONIX One Choice PortfolioPairCorr
  0.96BLARX Lord Abbett BalancedPairCorr
  0.96EISIX Eagle International StockPairCorr
  0.93TNBIX 1290 Smartbeta EquityPairCorr
  0.96CSGCX Calvert Balanced PorPairCorr
  0.95ETIMX Eventide Multi AssetPairCorr
  0.96MISMX Matthews Asia SmallPairCorr
  0.96OPTIX Oppenheimer CapitalPairCorr
  0.92BUBSX Baird Ultra ShortPairCorr
  0.93NBPIX Neuberger Berman LargePairCorr
  0.94ETJ Eaton Vance RiskPairCorr
  0.92FEFAX First Eagle FundPairCorr
  0.62BGHSX Brandywineglobal HighPairCorr
  0.96CLREX Columbia BalancedPairCorr
  0.94DPRRX Delaware ReitPairCorr
  0.95PGBEX Blue Chip FundPairCorr
  0.97APDMX Artisan Mid CapPairCorr
  0.98TEMUX Emerging Markets EquityPairCorr
  0.95FAHYX Fidelity Advisor HighPairCorr
  0.87PEO Adams Natural ResourcesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Templeton Fund performing well and Templeton Dragon 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 Dragon'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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