Templeton Emerging Correlations

Mutual Funds . USA . 
Fund . Templeton Emerging Markets
TEMMX Fund  USD 14.99  0.10  0.66%   
The current 90-days correlation between Templeton Emerging and Pace Global Real is 0.31 (i.e., 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Templeton Emerging Correlation With Market

Very weak diversification

The correlation between Templeton Emerging Markets and DJI is 0.49 (i.e., Very 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 mutual fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Templeton Mutual Fund

  0.99TEBIX Franklin Mutual BeaconPairCorr
  0.98TEDMX Templeton DevelopingPairCorr
  0.99TEDIX Franklin Mutual GlobalPairCorr
  0.98TEDSX Franklin Mutual GlobalPairCorr
  0.99TEDRX Franklin Mutual GlobalPairCorr
  0.99TEFRX Templeton ForeignPairCorr
  0.99TEFTX Templeton ForeignPairCorr
  0.92TEGBX Templeton Global BondPairCorr
  0.99TEGRX Templeton GrowthPairCorr
  0.99TEMFX Templeton ForeignPairCorr
  0.69TEMGX Templeton Global SmallerPairCorr
  0.74TEMEX Franklin Mutual BeaconPairCorr
  0.76TEMIX Franklin Mutual EuropeanPairCorr
  0.69TEMWX Templeton WorldPairCorr
  0.7TEMTX Franklin Mutual SharesPairCorr
  0.73TEMQX Mutual QuestPairCorr
  0.96SAIFX Clearbridge Large CapPairCorr
  0.98SAGYX Clearbridge AggressivePairCorr
  1.0TEMZX Templeton EmergingPairCorr
  0.64FQEMX Franklin Templeton SmacsPairCorr
  0.98TEQIX Franklin Mutual QuestPairCorr
  0.99TEPLX Templeton GrowthPairCorr
  0.69TWDAX Templeton WorldPairCorr
  0.71TESIX Franklin Mutual SharesPairCorr
  0.71TESGX Templeton Global SmallerPairCorr
  0.7TESRX Franklin Mutual SharesPairCorr
  0.73LGGAX Clearbridge InternationalPairCorr
  0.76TEURX Franklin Mutual EuropeanPairCorr
  0.75LGIEX Qs International EquityPairCorr
  0.69TEWTX Templeton WorldPairCorr
  0.7SAPYX Clearbridge AppreciationPairCorr
  0.71SASMX Clearbridge Small CapPairCorr
  0.65WAADX Western Asset SmashPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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