Templeton Emerging Correlations

Funds . USA . 
Fund . Templeton Emerging Markets
TEI Fund  USD 5.85  0.19  3.15%   
The current 90-days correlation between Templeton Emerging and Saba Capital Income is 0.43 (i.e., Very weak diversification). The correlation of Templeton Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Templeton Emerging Markets and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Emerging Markets 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 Emerging Markets. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Templeton Fund

  0.93LIIAX Columbia Porate IncomePairCorr
  0.93SRINX Columbia Porate IncomePairCorr
  0.95WRHIX Ivy High IncomePairCorr
  0.96WHIAX Ivy High IncomePairCorr
  0.96IHIFX Ivy High IncomePairCorr
  0.96IVHIX Ivy High IncomePairCorr
  0.92FIVFX Fidelity InternationalPairCorr
  0.95IEYAX Ivy Energy FundPairCorr
  0.97GBOAX Jpmorgan Global BondPairCorr
  0.93FEIPX Fa529 Eq InPairCorr
  0.81RPNIX Riverpark/next CenturyPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.89FSRFX Transportation Portfolio Potential GrowthPairCorr
  0.96VWENX Vanguard WellingtonPairCorr
  0.94ALCEX Avantis Large CapPairCorr
  0.97VGRLX Vanguard Global ExPairCorr
  0.95IDXNX Voya Index SolutionPairCorr
  0.97HRLTX Hartford GlobalPairCorr
  0.94UINQX Usaa Nasdaq 100PairCorr
  0.9QLEIX Aqr Long ShortPairCorr
  0.93PDIAX Virtus Rampart EnhancedPairCorr
  0.97IOBAX Icon Bond FundPairCorr
  0.85MPIBX Bny Mellon IntermediatePairCorr
  0.77IIBZX Voya Intermediate BondPairCorr
  0.93EMRIX Emerging MarketsPairCorr
  0.86RSVAX Victory Rs ValuePairCorr
  0.96HBADX Hartford ModeratePairCorr
  0.96DIFGX Mfs Diversified IncomePairCorr
  0.94VNEYX Vontobel Global EnviPairCorr
  0.98NPSFX Nuveen Preferred SecPairCorr
  0.96GWPCX American Funds GrowthPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.78FSIGX Fidelity Series InvePairCorr
  0.95SDYAX Simt Dynamic AssetPairCorr
  0.83NWKEX Nationwide Highmark SmallPairCorr
  0.94OTCNX Oppenheimer Cap ApprecPairCorr
  0.92FDAAX Franklin Floating RatePairCorr
  0.9RYEUX Europe 125x StrategyPairCorr
  0.96HCMQX Hcm Dividend SectorPairCorr
  0.96STISX Federated StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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