Templeton China World Fund Market Value
| TCWAX Fund | USD 6.98 0.15 2.20% |
| Symbol | Templeton |
Templeton China '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 China's mutual 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 China.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Templeton China on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Templeton China World or generate 0.0% return on investment in Templeton China over 30 days. Templeton China is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. The fund invests at least 80 percent of its net assets in securities of China companies More
Templeton China 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 China's mutual 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 China World upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.0129 | |||
| Maximum Drawdown | 7.59 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.08 |
Templeton China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Templeton China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Templeton China's standard deviation. In reality, there are many statistical measures that can use Templeton China historical prices to predict the future Templeton China's volatility.| Risk Adjusted Performance | 0.0514 | |||
| Jensen Alpha | 0.0467 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0133 | |||
| Treynor Ratio | 0.151 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Templeton China'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 China World Backtested Returns
We consider Templeton China not too volatile. Templeton China World owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0396, which indicates the fund had a 0.0396% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Templeton China World, which you can use to evaluate the volatility of the fund. Please validate Templeton China's Semi Deviation of 1.19, risk adjusted performance of 0.0514, and Coefficient Of Variation of 1334.83 to confirm if the risk estimate we provide is consistent with the expected return of 0.0513%. The entity has a beta of 0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Templeton China's returns are expected to increase less than the market. However, during the bear market, the loss of holding Templeton China is expected to be smaller as well.
Auto-correlation | -0.86 |
Excellent reverse predictability
Templeton China World has excellent reverse predictability. Overlapping area represents the amount of predictability between Templeton China time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 China World price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Templeton China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Templeton China World lagged returns against current returns
Autocorrelation, which is Templeton China mutual 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 China's mutual fund expected returns. We can calculate the autocorrelation of Templeton China returns to help us make a trade decision. For example, suppose you find that Templeton China has exhibited high autocorrelation historically, and you observe that the mutual 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 China 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 China mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Templeton China mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Templeton China mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Templeton China Lagged Returns
When evaluating Templeton China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Templeton China mutual fund have on its future price. Templeton China 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 China autocorrelation shows the relationship between Templeton China mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Templeton China World.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Templeton China Correlation, Templeton China Volatility and Templeton China Alpha and Beta module to complement your research on Templeton China. Note that the Templeton China World information on this page should be used as a complementary analysis to other Templeton China's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Templeton China technical mutual 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.