Templeton Foreign Correlations

Mutual Funds . USA . 
Fund . Templeton Foreign Fund
TEFRX Fund  USD 8.80  0.01  0.11%   
The current 90-days correlation between Templeton Foreign and Franklin Mutual Beacon is -0.08 (i.e., Good 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

Poor diversification

The correlation between Templeton Foreign Fund and DJI is 0.66 (i.e., Poor 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 metropolitan statistical area.

Moving together with Templeton Mutual Fund

  0.98TEBIX Franklin Mutual BeaconPairCorr
  0.97TEDMX Templeton DevelopingPairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.98TEDSX Franklin Mutual GlobalPairCorr
  0.99TEDRX Franklin Mutual GlobalPairCorr
  0.98TEFTX Templeton ForeignPairCorr
  0.9TEGBX Templeton Global BondPairCorr
  0.99TEGRX Templeton GrowthPairCorr
  0.98TEMFX Templeton ForeignPairCorr
  0.98TEMGX Templeton Global SmallerPairCorr
  0.98TEMEX Franklin Mutual BeaconPairCorr
  0.98TEMMX Templeton EmergingPairCorr
  0.98TEMIX Franklin Mutual EuropeanPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.97TEMTX Franklin Mutual SharesPairCorr
  0.99TEMQX Mutual QuestPairCorr
  0.95SAIFX Clearbridge Large CapPairCorr
  0.98SAGYX Clearbridge AggressivePairCorr
  0.99TEMZX Templeton EmergingPairCorr
  0.94FQEMX Franklin Templeton SmacsPairCorr
  0.99TEQIX Franklin Mutual QuestPairCorr
  0.97TEPLX Templeton GrowthPairCorr
  0.98TWDAX Templeton WorldPairCorr
  0.97TESIX Franklin Mutual SharesPairCorr
  0.99TESGX Templeton Global SmallerPairCorr
  0.97TESRX Franklin Mutual SharesPairCorr
  0.93LGGAX Clearbridge InternationalPairCorr
  0.98TEURX Franklin Mutual EuropeanPairCorr
  0.96LGIEX Qs International EquityPairCorr
  0.97TEWTX Templeton WorldPairCorr
  0.98SAPYX Clearbridge AppreciationPairCorr
  0.97SASMX Clearbridge Small CapPairCorr
  0.92WAADX Western Asset SmashPairCorr
  0.81WAARX Western Asset TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEBIX  0.57  0.20  0.08 (2.03) 0.43 
(0.63)
 1.43 
(1.12)
 3.58 
TEDMX  0.59  0.31  0.25 (21.71) 0.00 
(0.75)
 1.58 
(1.27)
 4.48 
TEDIX  0.51  0.18  0.05 (2.16) 0.46 
(0.54)
 1.12 
(1.33)
 3.32 
TEDSX  0.51  0.18  0.05 (1.98) 0.46 
(0.54)
 1.15 
(1.32)
 3.37 
TEDRX  0.51  0.07  0.02  0.24  0.51 
(0.53)
 1.12 
(1.33)
 3.36 
TEFRX  0.66  0.14  0.11  0.37  0.46 
(0.82)
 1.76 
(1.39)
 4.25 
TEFTX  0.66  0.25  0.13 (2.34) 0.45 
(0.83)
 1.71 
(1.35)
 4.24 
TEGBX  0.34  0.08 (0.11) 4.98  0.16 
(0.47)
 0.88 
(0.43)
 2.11 
TEGRX  0.54  0.16  0.16  0.35  0.25 
(0.62)
 1.83 
(1.01)
 3.53 
TEMFX  0.67  0.25  0.14 (2.22) 0.41 
(0.81)
 1.72 
(1.35)
 4.14 

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