T Rowe Correlations
| PRCIX Fund | USD 8.04 0.01 0.12% |
The current 90-days correlation between T Rowe Price and Vanguard Growth And is -0.06 (i.e., Good 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
Significant diversification
The correlation between T Rowe Price and DJI is 0.06 (i.e., Significant 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.
PRCIX |
Moving against PRCIX Mutual Fund
Related Correlations Analysis
| 1.0 | 0.88 | 0.86 | 0.78 | 0.77 | 0.82 | VGIAX | ||
| 1.0 | 0.88 | 0.86 | 0.78 | 0.77 | 0.82 | VQNPX | ||
| 0.88 | 0.88 | 0.91 | 0.9 | 0.86 | 0.82 | CIVVX | ||
| 0.86 | 0.86 | 0.91 | 0.85 | 0.77 | 0.83 | SMGIX | ||
| 0.78 | 0.78 | 0.9 | 0.85 | 0.79 | 0.82 | TADGX | ||
| 0.77 | 0.77 | 0.86 | 0.77 | 0.79 | 0.64 | DODBX | ||
| 0.82 | 0.82 | 0.82 | 0.83 | 0.82 | 0.64 | NOSIX | ||
Risk-Adjusted Indicators
There is a big difference between PRCIX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VGIAX | 0.74 | 0.17 | 0.15 | 0.31 | 0.69 | 1.69 | 10.32 | |||
| VQNPX | 0.74 | 0.17 | 0.15 | 0.31 | 0.69 | 1.69 | 10.31 | |||
| CIVVX | 0.61 | 0.06 | 0.06 | 0.16 | 0.58 | 1.60 | 3.99 | |||
| SMGIX | 0.70 | 0.10 | 0.08 | 0.21 | 0.75 | 1.45 | 8.45 | |||
| TADGX | 0.49 | 0.00 | (0.04) | 0.08 | 0.54 | 0.98 | 2.18 | |||
| DODBX | 0.49 | 0.01 | (0.04) | 0.10 | 0.86 | 0.76 | 8.56 | |||
| NOSIX | 0.60 | 0.06 | (0.02) | 0.43 | 0.79 | 1.54 | 3.44 |