Templeton Foreign Correlations

Mutual Funds . USA . 
Fund . Templeton Foreign Fund
TEFTX Fund  USD 9.21  0.06  0.66%   
The current 90-days correlation between Templeton Foreign and Franklin Emerging Market is -0.01 (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

Very weak diversification

The correlation between Templeton Foreign Fund and DJI is 0.45 (i.e., Very weak 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 estimate.

Moving together with Templeton Mutual Fund

  0.99TEBIX Franklin Mutual BeaconPairCorr
  0.98TEDMX Templeton DevelopingPairCorr
  0.99TEDSX Franklin Mutual GlobalPairCorr
  0.99TEDRX Franklin Mutual GlobalPairCorr
  1.0TEFRX Templeton ForeignPairCorr
  0.9TEGBX Templeton Global BondPairCorr
  1.0TEMFX Templeton ForeignPairCorr
  0.99TEMGX Templeton Global SmallerPairCorr
  0.99TEMEX Franklin Mutual BeaconPairCorr
  0.99TEMMX Templeton EmergingPairCorr
  0.98TEMIX Franklin Mutual EuropeanPairCorr
  0.98TEMWX Templeton WorldPairCorr
  0.98TEMTX Franklin Mutual SharesPairCorr
  0.99TEMQX Mutual QuestPairCorr
  0.97SAIFX Clearbridge Large CapPairCorr
  0.98SAGYX Clearbridge Aggressive Potential GrowthPairCorr
  0.99TEMZX Templeton EmergingPairCorr
  0.94FQEMX Franklin Templeton SmacsPairCorr
  0.99TEQIX Franklin Mutual QuestPairCorr
  0.98TEPLX Templeton GrowthPairCorr
  0.98TWDAX Templeton WorldPairCorr
  0.98TESIX Franklin Mutual SharesPairCorr
  0.99TESGX Templeton Global SmallerPairCorr
  0.88TESRX Franklin Mutual SharesPairCorr
  0.94LGGAX Clearbridge InternationalPairCorr
  0.98TEURX Franklin Mutual EuropeanPairCorr
  0.96LGIEX Qs International EquityPairCorr
  0.98TEWTX Templeton WorldPairCorr
  0.98SAPYX Clearbridge AppreciationPairCorr
  0.98SASMX Clearbridge Small CapPairCorr
  0.69FQNCX Franklin North CarolinaPairCorr
  0.82WAADX Western Asset SmashPairCorr
  0.73WAARX Western Asset TotalPairCorr
  0.99FQTEX Franklin Strategic SeriesPairCorr
  0.98FQTIX Franklin Strategic SeriesPairCorr

Related Correlations Analysis

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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.

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