Templeton Constrained Correlations

FTCAX Fund

USD 9.98 0.01 0.10%

The current 90-days correlation between Templeton Strained Bond and Delaware Emerging Markets is 0.12 (i.e., Average diversification). The correlation of Templeton Constrained 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 Constrained Correlation With Market

Poor diversification

The correlation between Templeton Strained Bond and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton Strained Bond and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Templeton Strained Bond. 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

0.62	VTSAX	Vanguard Total Stock	Pair Corr
0.62	VTSMX	Vanguard Total Stock	Pair Corr
0.62	VITSX	Vanguard Total Stock	Pair Corr
0.62	VSMPX	Vanguard Total Stock	Pair Corr
0.62	VSTSX	Vanguard Total Stock	Pair Corr
0.74	VTIAX	Vanguard Total Inter	Pair Corr
0.82	BRUFX	Bruce Fund Bruce	Pair Corr
0.64	SPGSX	State Street Premier	Pair Corr
0.71	KF	Korea Closed	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.84	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.74	PFE	Pfizer Inc Sell-off Trend	Pair Corr
0.89	MRK	Merck Company	Pair Corr
0.92	DD	Dupont De Nemours	Pair Corr

Moving against Templeton Mutual Fund

0.83	HPQ	HP Inc	Pair Corr
0.66	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	GMAQX	JOEAX	PCEMX	EMDQX	DEDCX
GMAQX		0.97	0.98	0.88	0.83	GMAQX
JOEAX	0.97		0.98	0.91	0.85	JOEAX
PCEMX	0.98	0.98		0.88	0.84	PCEMX
EMDQX	0.88	0.91	0.88		0.9	EMDQX
DEDCX	0.83	0.85	0.84	0.9		DEDCX
	GMAQX	JOEAX	PCEMX	EMDQX	DEDCX

Risk-Adjusted Indicators

There is a big difference between Templeton Mutual Fund performing well and Templeton Constrained 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 Constrained'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GMAQX	0.59	0.24	0.26	0.58	0.21	(0.70)	1.25	(0.93)	5.20
JOEAX	0.69	0.12	0.13	0.27	0.54	(0.80)	1.75	(1.22)	3.76
PCEMX	0.59	0.18	0.21	0.42	0.33	(0.74)	1.60	(0.86)	3.39
EMDQX	0.20	0.03	(0.09)	0.36	0.00	(0.29)	0.41	(0.40)	1.20
DEDCX	0.07	0.01	(0.38)	0.24	0.00	(0.13)	0.13	(0.13)	0.51

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