T Rowe Correlations
PATVX Fund | USD 16.31 0.01 0.06% |
The current 90-days correlation between T Rowe Price and Technology Fund Class is 0.83 (i.e., Very poor diversification). The correlation of T Rowe is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
T Rowe Correlation With Market
Poor diversification
The correlation between T Rowe Price and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding T Rowe Price and DJI in the same portfolio, assuming nothing else is changed.
PATVX |
Moving together with PATVX Mutual Fund
0.82 | OTCFX | T Rowe Price | PairCorr |
0.82 | OTIIX | T Rowe Price | PairCorr |
0.71 | TFIFX | T Rowe Price | PairCorr |
0.99 | RPBAX | T Rowe Price | PairCorr |
0.95 | RPGEX | T Rowe Price | PairCorr |
0.86 | RPMGX | T Rowe Price | PairCorr |
0.99 | TGIPX | T Rowe Price | PairCorr |
0.9 | RPTIX | T Rowe Price | PairCorr |
0.84 | PZHEX | T Rowe Price | PairCorr |
0.84 | RRBGX | T Rowe Price | PairCorr |
0.86 | RRFDX | T Rowe Price | PairCorr |
0.84 | RRGSX | T Rowe Price | PairCorr |
0.86 | RRMGX | T Rowe Price | PairCorr |
0.82 | TILCX | T Rowe Price | PairCorr |
0.92 | RRTDX | T Rowe Price | PairCorr |
1.0 | RRTCX | T Rowe Price | PairCorr |
0.99 | RRTBX | Trowe Price Retirement | PairCorr |
0.9 | RRTLX | T Rowe Price | PairCorr |
0.92 | RRTIX | T Rowe Price | PairCorr |
0.91 | RRTVX | T Rowe Price | PairCorr |
0.9 | PMEGX | T Rowe Price | PairCorr |
0.9 | PNAIX | T Rowe Price | PairCorr |
0.93 | PPIPX | T Rowe Price | PairCorr |
0.93 | TPPAX | T Rowe Price | PairCorr |
0.89 | TQAAX | T Rowe Price | PairCorr |
0.88 | TQAIX | T Rowe Price | PairCorr |
0.88 | PRCOX | T Rowe Price | PairCorr |
0.92 | PRDGX | T Rowe Price | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between PATVX Mutual Fund performing well and T Rowe Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze T Rowe's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
RYTAX | 0.87 | 0.13 | 0.10 | 0.25 | 0.97 | 2.20 | 5.37 | |||
DTEYX | 0.87 | 0.10 | 0.07 | 0.25 | 1.00 | 1.88 | 5.99 | |||
TOWTX | 0.59 | 0.04 | (0.08) | 0.85 | 1.06 | 1.12 | 6.26 | |||
DRGTX | 0.90 | 0.28 | 0.09 | (7.32) | 1.12 | 2.21 | 6.64 | |||
JAGTX | 0.83 | 0.22 | 0.06 | (3.33) | 1.02 | 2.05 | 5.87 | |||
CMTFX | 0.90 | 0.22 | 0.06 | (5.00) | 1.08 | 1.96 | 6.08 | |||
GISTX | 0.82 | 0.29 | 0.12 | (4.89) | 0.83 | 2.54 | 5.44 |