Templeton Emerging Markets Fund Market Value
| EMF Fund | USD 11.25 0.03 0.27% |
| Symbol | Templeton |
Templeton Emerging 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Templeton Emerging's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Templeton Emerging.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Templeton Emerging on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Templeton Emerging Markets or generate 0.0% return on investment in Templeton Emerging over 30 days. Templeton Emerging is related to or competes with Royce Value, and Tekla Healthcare. Templeton Emerging Markets Fund is a closed-ended equity mutual fund launched by Franklin Resources Inc More
Templeton Emerging Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Templeton Emerging's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Templeton Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.37 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 1.39 |
Templeton Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Templeton Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Templeton Emerging's standard deviation. In reality, there are many statistical measures that can use Templeton Emerging historical prices to predict the future Templeton Emerging's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Templeton Emerging's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Templeton Emerging Backtested Returns
We consider Templeton Emerging very steady. Templeton Emerging owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0487, which indicates the fund had a 0.0487% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Templeton Emerging Markets, which you can use to evaluate the volatility of the fund. Please validate Templeton Emerging's Coefficient Of Variation of (6,351), risk adjusted performance of (0.01), and Variance of 1.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.046%. The entity has a beta of 1.01, which indicates a somewhat significant risk relative to the market. Templeton Emerging returns are very sensitive to returns on the market. As the market goes up or down, Templeton Emerging is expected to follow.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Templeton Emerging Markets has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Templeton Emerging time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Templeton Emerging price movement. The serial correlation of -0.74 indicates that around 74.0% of current Templeton Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Templeton Emerging lagged returns against current returns
Autocorrelation, which is Templeton Emerging fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Templeton Emerging's fund expected returns. We can calculate the autocorrelation of Templeton Emerging returns to help us make a trade decision. For example, suppose you find that Templeton Emerging has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Templeton Emerging regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Templeton Emerging fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Templeton Emerging fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Templeton Emerging fund over time.
Current vs Lagged Prices |
| Timeline |
Templeton Emerging Lagged Returns
When evaluating Templeton Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Templeton Emerging fund have on its future price. Templeton Emerging autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Templeton Emerging autocorrelation shows the relationship between Templeton Emerging fund current value and its past values and can show if there is a momentum factor associated with investing in Templeton Emerging Markets.
Regressed Prices |
| Timeline |
Pair Trading with Templeton Emerging
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Templeton Emerging position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Templeton Emerging will appreciate offsetting losses from the drop in the long position's value.Moving together with Templeton Fund
| 0.92 | TEI | Templeton Emerging | PairCorr |
| 0.86 | PHK | Pimco High Me | PairCorr |
The ability to find closely correlated positions to Templeton Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Templeton Emerging when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Templeton Emerging - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Templeton Emerging Markets to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Templeton Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Templeton Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Templeton Emerging can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Templeton Emerging Correlation, Templeton Emerging Volatility and Templeton Emerging Alpha and Beta module to complement your research on Templeton Emerging. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Templeton Emerging technical fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.