Templeton Growth Correlations

Mutual Funds . USA . 
Fund . Templeton Growth Fund
TEGRX Fund  USD 29.54  0.04  0.14%   
The current 90-days correlation between Templeton Growth and Ab Bond Inflation is -0.09 (i.e., Good diversification). The correlation of Templeton Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Templeton Growth Fund and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Growth 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 Growth 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
  0.98TEDMX Templeton DevelopingPairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.98TEDSX Franklin Mutual GlobalPairCorr
  0.98TEDRX Franklin Mutual GlobalPairCorr
  0.99TEFRX Templeton ForeignPairCorr
  0.97TEFTX Templeton ForeignPairCorr
  0.92TEGBX Templeton Global BondPairCorr
  0.98TEMFX Templeton ForeignPairCorr
  0.98TEMGX Templeton Global SmallerPairCorr
  0.98TEMEX Franklin Mutual BeaconPairCorr
  0.98TEMMX Templeton EmergingPairCorr
  0.98TEMIX Franklin Mutual EuropeanPairCorr
  0.99TEMWX Templeton WorldPairCorr
  0.98TEMTX Franklin Mutual SharesPairCorr
  0.99TEMQX Mutual QuestPairCorr
  0.96SAIFX Clearbridge Large CapPairCorr
  0.99SAGYX Clearbridge AggressivePairCorr
  0.99TEMZX Templeton EmergingPairCorr
  0.96FQEMX Franklin Templeton SmacsPairCorr
  0.99TEQIX Franklin Mutual QuestPairCorr
  0.99TEPLX Templeton GrowthPairCorr
  1.0TWDAX Templeton WorldPairCorr
  0.98TESIX Franklin Mutual SharesPairCorr
  0.98TESGX Templeton Global SmallerPairCorr
  0.98TESRX Franklin Mutual SharesPairCorr
  0.93LGGAX Clearbridge InternationalPairCorr
  0.98TEURX Franklin Mutual EuropeanPairCorr
  0.95LGIEX Qs International EquityPairCorr
  0.99TEWTX Templeton WorldPairCorr
  1.0SAPYX Clearbridge AppreciationPairCorr
  0.97SASMX Clearbridge Small CapPairCorr
  0.92WAADX Western Asset SmashPairCorr
  0.85WAARX 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 Growth 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 Growth'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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