T ROWE Correlations

PRJIX Fund

USD 59.11 0.91 1.56%

Rolling correlation with major benchmarks shows how the stock's diversification benefit shifts over time. Current 90-days correlation between T Rowe Price and Janus Forty Fund is 0.81 (i.e., Very poor diversification).

Market Correlation Summary - T ROWE

Very poor diversification

The correlation between T ROWE and Dow Jones is 0.89, which Macroaxis classifies as Very poor diversification for the selected horizon. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Portfolio construction depends on how individual positions interact with the broader allocation. The diversification view provides additional analytical depth. Sector and industry overlap across positions affects concentration risk. Broader economic conditions can influence T Rowe Price's mutual fund valuation - related indicators include signals in gross domestic product.

Moving together with PRJIX Mutual Fund

0.92	PAMCX	T Rowe Price	Pair Corr
0.92	RRMGX	T Rowe Price	Pair Corr
0.87	TRQZX	T Rowe Price	Pair Corr
0.64	PCBIX	Midcap Fund Institutional	Pair Corr
0.65	PEMGX	Midcap Fund Class	Pair Corr
0.64	PMBCX	Midcap Fund Class	Pair Corr
1.0	TRUZX	T Rowe Price	Pair Corr
0.93	RPMGX	T Rowe Price	Pair Corr
0.98	JGRCX	Janus Enterprise	Pair Corr
0.88	SDLAX	Siit Dynamic Asset	Pair Corr
0.94	FWWMX	American Funds Washington	Pair Corr
0.63	WMT	Walmart	Pair Corr
0.82	BAC	Bank of America	Pair Corr
0.71	MSFT	Microsoft	Pair Corr
0.76	BA	Boeing	Pair Corr
0.83	JPM	JPMorgan Chase	Pair Corr
0.69	AXP	American Express	Pair Corr
0.66	CAT	Caterpillar	Pair Corr

Moving Against PRJIX Mutual Fund

0.63	T	ATT Inc	Pair Corr
0.5	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.4	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	GWPEX	GWPFX	PARKX	TROIX	TROSX	MINJX	MINIX	VASGX	VWNEX	JCAPX
GWPEX		0.95	0.92	0.74	0.78	0.79	0.77	0.94	0.91	0.96	GWPEX
GWPFX	0.95		0.96	0.76	0.77	0.78	0.79	0.99	0.93	0.92	GWPFX
PARKX	0.92	0.96		0.9	0.89	0.9	0.91	0.99	0.97	0.82	PARKX
TROIX	0.74	0.76	0.9		0.98	0.98	0.98	0.84	0.89	0.56	TROIX
TROSX	0.78	0.77	0.89	0.98		0.98	0.97	0.83	0.89	0.59	TROSX
MINJX	0.79	0.78	0.9	0.98	0.98		1.0	0.86	0.9	0.62	MINJX
MINIX	0.77	0.79	0.91	0.98	0.97	1.0		0.86	0.9	0.6	MINIX
VASGX	0.94	0.99	0.99	0.84	0.83	0.86	0.86		0.96	0.87	VASGX
VWNEX	0.91	0.93	0.97	0.89	0.89	0.9	0.9	0.96		0.81	VWNEX
JCAPX	0.96	0.92	0.82	0.56	0.59	0.62	0.6	0.87	0.81		JCAPX
	GWPEX	GWPFX	PARKX	TROIX	TROSX	MINJX	MINIX	VASGX	VWNEX	JCAPX

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Risk-Adjusted Indicators

Strong recent returns in PRJIX Mutual Fund do not always mean T ROWE Mutual Fund is outperforming peers on business quality. Without risk-adjusted context, short-term returns may appear stronger than the volatility required to achieve them would suggest. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GWPEX	0.90	0.13	0.12	0.13	0.91	-0.97	2.10	-1.83	4.68
GWPFX	0.90	0.13	0.12	0.13	0.92	-0.97	2.12	-1.84	4.64
PARKX	0.61	0.05	0.05	0.07	0.70	-0.65	1.23	-1.51	3.39
TROIX	1.02	0.02	0.01	0.02	1.25	-1.18	2.44	-2.18	6.45
TROSX	1.02	0.02	0.01	0.02	1.26	-1.19	2.44	-2.17	6.45
MINJX	0.89	-0.01	-0.01	0.00	1.24	-0.85	1.69	-1.82	4.91
MINIX	0.91	0.02	0.02	0.03	1.20	-0.88	1.76	-1.82	5.12
VASGX	0.65	0.06	0.07	0.09	0.71	-0.72	1.25	-1.50	3.53
VWNEX	0.62	0.03	0.04	0.05	0.77	-0.62	1.46	-1.38	3.68
JCAPX	1.06	0.18	0.14	0.18	1.15	-1.12	2.18	-2.09	5.79