Templeton World Fund Market Value
| TWDAX Fund | USD 16.18 0.11 0.68% |
| Symbol | Templeton |
Templeton World '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 World'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 World.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Templeton World on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Templeton World Fund or generate 0.0% return on investment in Templeton World over 30 days. Templeton World is related to or competes with Commonwealth Real, Gamco Global, HUMANA, Thrivent High, Via Renewables, T Rowe, and Victory Sophus. The fund invests predominantly in the equity securities of companies located anywhere in the world, including developing... More
Templeton World 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 World'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 World Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8233 | |||
| Information Ratio | 0.0768 | |||
| Maximum Drawdown | 4.56 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.42 |
Templeton World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Templeton World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Templeton World's standard deviation. In reality, there are many statistical measures that can use Templeton World historical prices to predict the future Templeton World's volatility.| Risk Adjusted Performance | 0.0981 | |||
| Jensen Alpha | 0.1236 | |||
| Total Risk Alpha | 0.0425 | |||
| Sortino Ratio | 0.0832 | |||
| Treynor Ratio | 2.11 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Templeton World'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 World Backtested Returns
We consider Templeton World very steady. Templeton World owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Templeton World Fund, which you can use to evaluate the volatility of the fund. Please validate Templeton World's Coefficient Of Variation of 650.67, semi deviation of 0.6881, and Risk Adjusted Performance of 0.0981 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 0.0601, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Templeton World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Templeton World is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
Templeton World Fund has insignificant predictability. Overlapping area represents the amount of predictability between Templeton World time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 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 World price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Templeton World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Templeton World lagged returns against current returns
Autocorrelation, which is Templeton World 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 World's mutual fund expected returns. We can calculate the autocorrelation of Templeton World returns to help us make a trade decision. For example, suppose you find that Templeton World 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 World 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 World mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Templeton World 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 World mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Templeton World Lagged Returns
When evaluating Templeton World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Templeton World mutual fund have on its future price. Templeton World 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 World autocorrelation shows the relationship between Templeton World mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Templeton World Fund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Templeton World in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Templeton World's short interest history, or implied volatility extrapolated from Templeton World options trading.
Currently Active Assets on Macroaxis
Check out Templeton World Correlation, Templeton World Volatility and Templeton World Alpha and Beta module to complement your research on Templeton World. Note that the Templeton World information on this page should be used as a complementary analysis to other Templeton World'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Templeton World 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.