T Rowe Correlations
| PRASX Fund | USD 21.67 0.61 2.90% |
The current 90-days correlation between T Rowe Price and Northern Mid Cap is 0.53 (i.e., Very weak 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
Very weak diversification
The correlation between T Rowe Price and DJI is 0.58 (i.e., Very 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.
PRASX |
Moving together with PRASX Mutual Fund
Related Correlations Analysis
| 0.88 | 0.95 | 0.92 | 0.84 | 0.95 | 0.51 | NOMIX | ||
| 0.88 | 0.8 | 0.83 | 0.88 | 0.82 | 0.36 | HSVRX | ||
| 0.95 | 0.8 | 0.95 | 0.82 | 1.0 | 0.39 | TRPBX | ||
| 0.92 | 0.83 | 0.95 | 0.82 | 0.95 | 0.32 | CHTTX | ||
| 0.84 | 0.88 | 0.82 | 0.82 | 0.85 | 0.33 | BIECX | ||
| 0.95 | 0.82 | 1.0 | 0.95 | 0.85 | 0.37 | PRSIX | ||
| 0.51 | 0.36 | 0.39 | 0.32 | 0.33 | 0.37 | ACINX | ||
Risk-Adjusted Indicators
There is a big difference between PRASX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NOMIX | 0.85 | 0.07 | 0.07 | 0.11 | 0.93 | 1.89 | 7.36 | |||
| HSVRX | 0.87 | 0.02 | 0.04 | 0.07 | 1.07 | 2.09 | 5.28 | |||
| TRPBX | 0.42 | 0.10 | 0.13 | 0.28 | 0.18 | 0.78 | 5.81 | |||
| CHTTX | 0.91 | 0.27 | 0.32 | 0.48 | 0.36 | 2.12 | 15.81 | |||
| BIECX | 0.51 | 0.01 | 0.00 | 0.08 | 0.59 | 1.20 | 2.66 | |||
| PRSIX | 0.28 | 0.06 | 0.06 | 0.25 | 0.00 | 0.52 | 3.34 | |||
| ACINX | 0.65 | (0.04) | (0.05) | 0.01 | 0.94 | 1.07 | 3.89 |