Templeton Emerging Markets Income Fund (TEI) Correlation Distribution
Across 6,809 rolling correlation observations between Templeton Emerging Markets Income Fund (TEI) and other NASDAQ-listed stocks, 67.2% are positive and 32.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.289, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.3% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,809
- Mean correlation
- 0.289
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.2%
- Strong positive (≥0.7)
- 34.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 95 | 1.4% | |
| -0.8 to -0.7 | 95 | 1.4% | |
| -0.7 to -0.6 | 276 | 4.1% | |
| -0.6 to -0.5 | 276 | 4.1% | |
| -0.5 to -0.4 | 327 | 4.8% | |
| -0.4 to -0.3 | 327 | 4.8% | |
| -0.3 to -0.2 | 295 | 4.3% | |
| -0.2 to -0.1 | 294 | 4.3% | |
| -0.1 to 0.0 | 241 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 245 | 3.6% | |
| 0.2 to 0.3 | 244 | 3.6% | |
| 0.3 to 0.4 | 303 | 4.4% | |
| 0.4 to 0.5 | 302 | 4.4% | |
| 0.5 to 0.6 | 455 | 6.7% | |
| 0.6 to 0.7 | 455 | 6.7% | |
| 0.7 to 0.8 | 908 | 13.3% | |
| 0.8 to 0.9 | 908 | 13.3% | |
| 0.9 to 1.0 | 519 | 7.6% |
Frequently asked questions
What is the average correlation of TEI?
Templeton Emerging Markets Income Fund (TEI) has an average correlation of about 0.289 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TEI positively correlated with other stocks?
Mostly yes — 67.2% of pairs are positive and 32.8% are negative. Strong positive correlations (≥0.7) make up 34.3%.
What is the most common correlation range for TEI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for TEI.
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