Templeton Growth Fund Market Value
| TEGRX Fund | USD 26.09 0.27 1.05% |
| Symbol | Templeton |
Templeton Growth '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 Growth'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 Growth.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Templeton Growth on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding Templeton Growth Fund or generate 0.0% return on investment in Templeton Growth over 720 days. Templeton Growth is related to or competes with Eaton Vance, Artisan Global, Sit International, Global Stock, and Dreyfus Worldwide. The fund invests predominantly in the equity securities of companies located anywhere in the world, including developing... More
Templeton Growth 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 Growth'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 Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7319 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.26 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 0.9331 |
Templeton Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Templeton Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Templeton Growth's standard deviation. In reality, there are many statistical measures that can use Templeton Growth historical prices to predict the future Templeton Growth's volatility.| Risk Adjusted Performance | 0.0689 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0642 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Templeton Growth'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 Growth Backtested Returns
We consider Templeton Growth very steady. Templeton Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Templeton Growth Fund, which you can use to evaluate the volatility of the fund. Please validate Templeton Growth's Coefficient Of Variation of 905.56, semi deviation of 0.6366, and Risk Adjusted Performance of 0.0689 to confirm if the risk estimate we provide is consistent with the expected return of 0.079%. The entity has a beta of 1.0, which indicates a somewhat significant risk relative to the market. Templeton Growth returns are very sensitive to returns on the market. As the market goes up or down, Templeton Growth is expected to follow.
Auto-correlation | 0.76 |
Good predictability
Templeton Growth Fund has good predictability. Overlapping area represents the amount of predictability between Templeton Growth time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th 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 Growth price movement. The serial correlation of 0.76 indicates that around 76.0% of current Templeton Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1.71 |
Templeton Growth lagged returns against current returns
Autocorrelation, which is Templeton Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Templeton Growth returns to help us make a trade decision. For example, suppose you find that Templeton Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Templeton Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Templeton Growth Lagged Returns
When evaluating Templeton Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Templeton Growth mutual fund have on its future price. Templeton Growth 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 Growth autocorrelation shows the relationship between Templeton Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Templeton Growth Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Templeton Growth Correlation, Templeton Growth Volatility and Templeton Growth Alpha and Beta module to complement your research on Templeton Growth. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Templeton Growth 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.