Templeton Foreign Fund Market Value
| TFFAX Fund | USD 7.74 0.02 0.26% |
| Symbol | Templeton |
Templeton Foreign '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 Foreign'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 Foreign.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Templeton Foreign on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Templeton Foreign Fund or generate 0.0% return on investment in Templeton Foreign over 720 days. Templeton Foreign is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Global, and Franklin Mutual. Under normal market conditions, the fund invests at least 80 percent of its net assets in foreign securities More
Templeton Foreign 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 Foreign'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 Foreign Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9547 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.17 |
Templeton Foreign Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Templeton Foreign's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Templeton Foreign's standard deviation. In reality, there are many statistical measures that can use Templeton Foreign historical prices to predict the future Templeton Foreign's volatility.| Risk Adjusted Performance | 0.0512 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0491 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Templeton Foreign'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 Foreign Backtested Returns
We consider Templeton Foreign very steady. Templeton Foreign owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.096, which indicates the fund had a 0.096% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Templeton Foreign Fund, which you can use to evaluate the volatility of the fund. Please validate Templeton Foreign's Coefficient Of Variation of 1260.88, risk adjusted performance of 0.0512, and Semi Deviation of 0.8148 to confirm if the risk estimate we provide is consistent with the expected return of 0.0743%. The entity has a beta of 1.08, which indicates a somewhat significant risk relative to the market. Templeton Foreign returns are very sensitive to returns on the market. As the market goes up or down, Templeton Foreign is expected to follow.
Auto-correlation | 0.60 |
Good predictability
Templeton Foreign Fund has good predictability. Overlapping area represents the amount of predictability between Templeton Foreign time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th 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 Foreign price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Templeton Foreign price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Templeton Foreign lagged returns against current returns
Autocorrelation, which is Templeton Foreign 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 Foreign's mutual fund expected returns. We can calculate the autocorrelation of Templeton Foreign returns to help us make a trade decision. For example, suppose you find that Templeton Foreign 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 Foreign 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 Foreign mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Templeton Foreign 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 Foreign mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Templeton Foreign Lagged Returns
When evaluating Templeton Foreign's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Templeton Foreign mutual fund have on its future price. Templeton Foreign 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 Foreign autocorrelation shows the relationship between Templeton Foreign mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Templeton Foreign Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Templeton Foreign Correlation, Templeton Foreign Volatility and Templeton Foreign Alpha and Beta module to complement your research on Templeton Foreign. Note that the Templeton Foreign information on this page should be used as a complementary analysis to other Templeton Foreign'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Templeton Foreign 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.