Templeton Foreign Correlations

Mutual Funds . USA . 
Fund . Templeton Foreign Fund
TFFAX Fund  USD 8.86  0.01  0.11%   
The current 90-days correlation between Templeton Foreign and Franklin Mutual Beacon is 0.78 (i.e., Poor 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

Good diversification

The correlation between Templeton Foreign Fund and DJI is -0.03 (i.e., Good 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 nation.

Moving together with Templeton Mutual Fund

  0.86TEBIX Franklin Mutual BeaconPairCorr
  0.75TEDMX Templeton DevelopingPairCorr
  0.72TEDIX Franklin Mutual GlobalPairCorr
  0.72TEDSX Franklin Mutual GlobalPairCorr
  0.72TEDRX Franklin Mutual GlobalPairCorr
  0.72TEFRX Templeton ForeignPairCorr
  0.72TEFTX Templeton ForeignPairCorr
  0.64TEGBX Templeton Global BondPairCorr
  0.77TEGRX Templeton GrowthPairCorr
  0.72TEMFX 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
  0.98SAIFX Clearbridge Large CapPairCorr
  0.98SAGYX Clearbridge AggressivePairCorr
  0.99TEMZX Templeton EmergingPairCorr
  0.94FQEMX Franklin Templeton SmacsPairCorr
  0.76TEQIX Franklin Mutual QuestPairCorr
  0.85TEPLX Templeton GrowthPairCorr
  0.98TWDAX Templeton WorldPairCorr
  0.98TESIX Franklin Mutual SharesPairCorr
  0.99TESGX Templeton Global SmallerPairCorr
  0.98TESRX Franklin Mutual SharesPairCorr
  0.91LGGAX Clearbridge InternationalPairCorr
  0.98TEURX Franklin Mutual EuropeanPairCorr
  0.93LGIEX Qs International EquityPairCorr
  0.98TEWTX Templeton WorldPairCorr
  0.98SAPYX Clearbridge AppreciationPairCorr
  0.98SASMX Clearbridge Small CapPairCorr
  0.89WAADX Western Asset SmashPairCorr
  0.79WAARX Western Asset TotalPairCorr

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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