Templeton Emerging Correlations

Mutual Funds . USA . 
Fund . Templeton Emerging Markets
TEMZX Fund  USD 15.04  0.30  2.04%   
The current 90-days correlation between Templeton Emerging and Goldman Sachs High is 0.34 (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

Modest diversification

The correlation between Templeton Emerging Markets and DJI is 0.2 (i.e., Modest 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 nation.

Moving together with Templeton Mutual Fund

  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.92VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.95NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.95NEWCX New World FundPairCorr
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.97BTMKX Blackrock InternationalPairCorr
  0.97MDIIX Blackrock Intern IndexPairCorr
  0.81IBM International BusinessPairCorr
  0.83MSFT Microsoft Aggressive PushPairCorr
  0.83CSCO Cisco Systems Aggressive PushPairCorr
  0.92BAC Bank of America Aggressive PushPairCorr
  0.9BA BoeingPairCorr
  0.74TRV The Travelers CompaniesPairCorr
  0.87DIS Walt DisneyPairCorr
  0.89GE GE AerospacePairCorr

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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