Templeton Global Bond Fund Market Value
| FGBRX Fund | USD 7.20 0.01 0.14% |
| 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.
| 11/19/2023 |
| 05/17/2024 |
If you would invest 0.00 in Templeton Global on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Templeton Global Bond or generate 0.0% return on investment in Templeton Global over 180 days. Templeton Global is related to or competes with New World, Bond Fund, American High, Europacific Growth, and Capital World. Under normal market conditions, the fund invests at least 80 percent of its net assets in bonds 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 Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.33 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.7184 |
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 | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.04) |
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 Bond Backtested Returns
Templeton Global Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0429, which indicates the fund had a -0.0429% return per unit of risk over the last 3 months. Templeton Global Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Templeton Global's Variance of 0.2777, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,703) to confirm the risk estimate we provide. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. 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 | 0.08 |
Virtually no predictability
Templeton Global Bond has virtually no predictability. Overlapping area represents the amount of predictability between Templeton Global time series from 19th of November 2023 to 17th of February 2024 and 17th of February 2024 to 17th of May 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 Bond price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Templeton Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Templeton Global Bond 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 Bond.
Regressed Prices |
| Timeline |
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Check out Templeton Global Correlation, Templeton Global Volatility and Templeton Global Alpha and Beta module to complement your research on Templeton Global. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.