Templeton Emerging Correlations

Mutual Funds . USA . 
Fund . Templeton Emerging Markets
XTEIX Fund  USD 6.34  0.03  0.48%   
The current 90-days correlation between Templeton Emerging and Fidelity Sai Convertible is 0.01 (i.e., Significant 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

Significant diversification

The correlation between Templeton Emerging Markets and DJI is 0.05 (i.e., Significant 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 Your Current Watchlist 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 gross domestic product.

Moving together with Templeton Mutual Fund

  0.97VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.78NHS Neuberger Berman HighPairCorr
  0.97BDHIX Blackrock High IncomePairCorr
  0.68FCAGX Fidelity Small CapPairCorr
  0.94XUTFX Cohen Steers InfrastPairCorr
  0.83XMSDX Morgan Stanley EmergingPairCorr
  0.76RCWFX Capital World BondPairCorr
  0.97RCRFX Riverpark Floating RatePairCorr
  0.96OTCYX Oppenheimer CapitalPairCorr
  0.99IRCYX International Small CapPairCorr
  0.9WPSGX Ab Centrated GrowthPairCorr
  0.73RRITX T Rowe PricePairCorr
  0.64QBDSX Quantified Managed IncomePairCorr
  0.92SREAX Prudential Select RealPairCorr
  0.95SMVLX Smead Value Fund Potential GrowthPairCorr
  0.97FASIX Fidelity Asset ManagerPairCorr
  0.96PDSAX Prudential Short DurationPairCorr
  0.7RGPAX Rbc Global OpportunitiesPairCorr
  0.7ABLOX Alger Balanced PortfolioPairCorr
  0.9AEGSX Invesco European GrowthPairCorr
  0.97FLKYPX FlkypxPairCorr
  0.73JAACX Alternative AssetPairCorr
  0.61CAF Morgan Stanley ChinaPairCorr
  0.91MVEIX Monteagle Select ValuePairCorr
  0.71WPOPX Partners Iii OpportunityPairCorr
  0.92PWJAX Prudential JennisonPairCorr
  0.91NAN Nuveen New YorkPairCorr
  0.97JNABX Jpmorgan Smartretirement*PairCorr
  0.71JSIZX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
NCIDX
+ 0.99
PCNTX
PCNTX
+ 0.97
FSAWX
GCV
+ 0.97
NCIDX
NCIDX
+ 0.95
FSAWX
GCV
+ 0.95
PCNTX
PBXIX
+ 0.93
PCNTX
  
High negative correlations   
GCV
- 0.34
CCD
NCIDX
- 0.17
CCD
CCD
- 0.13
PCNTX
CCD
- 0.13
FSAWX

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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