T Rowe Correlations

PRIPX Fund

USD 10.28 0.01 0.1%

The current 90-days correlation between T Rowe Price and Duff And Phelps is 0.1 (i.e., Average 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

Good diversification

The correlation between T Rowe Price and DJI is -0.18 (i.e., Good 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in T Rowe Price. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with PRIPX Mutual Fund

0.95	VIPIX	Vanguard Inflation-protec	Pair Corr
0.94	VAIPX	Vanguard Inflation	Pair Corr
0.95	VIPSX	Vanguard Inflation-protec	Pair Corr
0.95	BFICX	American Funds Inflation	Pair Corr
0.9	BFIAX	American Funds Inflation	Pair Corr
0.91	BFIFX	American Funds Inflation	Pair Corr
0.77	FLIBX	American Funds Inflation	Pair Corr
0.83	FIBLX	American Funds Inflation	Pair Corr
0.89	FSPWX	Fidelity Sai Inflation	Pair Corr
0.94	FSTDX	Fidelity Series 5	Pair Corr

Moving against PRIPX Mutual Fund

0.44	JGMNX	Janus Triton	Pair Corr
0.38	SAPYX	Clearbridge Appreciation	Pair Corr
0.37	BUFBX	Buffalo Flexible Income	Pair Corr

Related Correlations Analysis

	CPTNX	PZCRX	PCARX	DBMIX	JPDVX	TGDVX	BMEZ	HESAX	NMIAX	DPG
CPTNX		0.72	0.72	0.98	0.5	0.59	0.62	0.61	0.45	0.26	CPTNX
PZCRX	0.72		1.0	0.7	0.78	0.77	0.69	0.72	0.73	0.35	PZCRX
PCARX	0.72	1.0		0.71	0.77	0.77	0.69	0.71	0.72	0.35	PCARX
DBMIX	0.98	0.7	0.71		0.48	0.6	0.66	0.61	0.44	0.22	DBMIX
JPDVX	0.5	0.78	0.77	0.48		0.83	0.63	0.63	0.93	0.29	JPDVX
TGDVX	0.59	0.77	0.77	0.6	0.83		0.82	0.85	0.87	0.38	TGDVX
BMEZ	0.62	0.69	0.69	0.66	0.63	0.82		0.71	0.64	0.36	BMEZ
HESAX	0.61	0.72	0.71	0.61	0.63	0.85	0.71		0.7	0.24	HESAX
NMIAX	0.45	0.73	0.72	0.44	0.93	0.87	0.64	0.7		0.14	NMIAX
DPG	0.26	0.35	0.35	0.22	0.29	0.38	0.36	0.24	0.14		DPG
	CPTNX	PZCRX	PCARX	DBMIX	JPDVX	TGDVX	BMEZ	HESAX	NMIAX	DPG

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Risk-Adjusted Indicators

There is a big difference between PRIPX 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
CPTNX	0.14	0.00	(0.23)	(0.02)	0.11	(0.18)	0.32	(0.21)	0.64
PZCRX	0.09	0.01	(0.16)	0.15	0.00	(0.13)	0.21	(0.20)	0.61
PCARX	0.08	0.01	(0.20)	0.22	0.00	(0.13)	0.21	(0.10)	0.51
DBMIX	0.13	(0.01)	(0.23)	(0.05)	0.12	(0.17)	0.22	(0.33)	0.66
JPDVX	0.57	0.18	0.28	0.43	0.00	(0.74)	0.82	(0.73)	14.15
TGDVX	0.62	0.03	0.03	0.08	0.67	(0.68)	1.32	(1.26)	3.30
BMEZ	0.73	0.03	0.01	0.09	0.70	(0.93)	2.10	(1.27)	4.64
HESAX	0.54	(0.04)	(0.06)	(0.01)	0.82	(0.50)	0.98	(1.19)	3.71
NMIAX	0.74	0.12	0.13	0.15	0.68	(0.88)	1.15	(1.26)	13.61
DPG	0.59	0.07	0.04	0.47	0.69	(0.65)	1.29	(1.10)	3.20

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