Templeton Global Smaller Fund Market Value
| TGSAX Fund | USD 9.23 0.04 0.43% |
| Symbol | Templeton |
Templeton Global '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 Global'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 Global.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Templeton Global on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Templeton Global Smaller or generate 0.0% return on investment in Templeton Global over 90 days. Templeton Global is related to or competes with Franklin Mutual, Templeton Developing, Franklin Mutual, Franklin Mutual, Franklin Mutual, Templeton Foreign, and Templeton Foreign. The fund normally invests at least 80 percent of its net assets in securities of smaller companies located anywhere in t... More
Templeton Global 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 Global'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 Global Smaller upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9249 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.08 |
Templeton Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Templeton Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Templeton Global's standard deviation. In reality, there are many statistical measures that can use Templeton Global historical prices to predict the future Templeton Global's volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Templeton Global'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 Global Smaller Backtested Returns
We consider Templeton Global very steady. Templeton Global Smaller owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0216, which indicates the fund had a 0.0216% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Templeton Global Smaller, which you can use to evaluate the volatility of the fund. Please validate Templeton Global's Semi Deviation of 0.8593, risk adjusted performance of 0.0099, and Coefficient Of Variation of 8274.73 to confirm if the risk estimate we provide is consistent with the expected return of 0.0172%. The entity has a beta of 0.0399, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Templeton Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Templeton Global is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
Templeton Global Smaller has modest reverse predictability. Overlapping area represents the amount of predictability between Templeton Global time series from 20th of January 2024 to 5th of March 2024 and 5th of March 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 Global Smaller price movement. The serial correlation of -0.46 indicates that about 46.0% of current Templeton Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Templeton Global Smaller lagged returns against current returns
Autocorrelation, which is Templeton Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Templeton Global returns to help us make a trade decision. For example, suppose you find that Templeton Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Templeton Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Templeton Global Lagged Returns
When evaluating Templeton Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Templeton Global mutual fund have on its future price. Templeton Global 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 Global autocorrelation shows the relationship between Templeton Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Templeton Global Smaller.
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 Global 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 Global's short interest history, or implied volatility extrapolated from Templeton Global options trading.
Currently Active Assets on Macroaxis
Check out Templeton Global Correlation, Templeton Global Volatility and Templeton Global Alpha and Beta module to complement your research on Templeton Global. Note that the Templeton Global Smaller information on this page should be used as a complementary analysis to other Templeton Global'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 Global 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.