T Rowe Correlations
| PRIJX Fund | USD 14.33 0.04 0.28% |
The current 90-days correlation between T Rowe Price and T Rowe Price is 0.92 (i.e., Almost no 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
Weak diversification
The correlation between T Rowe Price and DJI is 0.3 (i.e., Weak 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.
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Moving together with PRIJX Mutual Fund
Related Correlations Analysis
| 0.65 | 0.06 | 0.84 | 0.55 | TRAOX | ||
| 0.65 | 0.7 | 0.78 | 0.92 | RPGIX | ||
| 0.06 | 0.7 | 0.27 | 0.82 | TQSMX | ||
| 0.84 | 0.78 | 0.27 | 0.68 | PRAFX | ||
| 0.55 | 0.92 | 0.82 | 0.68 | RPGEX | ||
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Risk-Adjusted Indicators
There is a big difference between PRIJX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRAOX | 0.82 | 0.00 | (0.06) | 0.10 | 1.04 | 1.99 | 6.16 | |||
| RPGIX | 0.72 | (0.06) | (0.05) | 0.04 | 1.01 | 1.40 | 4.64 | |||
| TQSMX | 0.70 | (0.01) | 0.01 | 0.10 | 0.76 | 1.63 | 5.66 | |||
| PRAFX | 0.58 | (0.05) | (0.12) | 0.01 | 0.75 | 1.31 | 3.19 | |||
| RPGEX | 0.51 | (0.01) | (0.06) | 0.08 | 0.67 | 1.15 | 3.68 |