T Rowe Correlations

Mutual Funds . USA . 
Fund . T Rowe Price
RPGIX Fund  USD 24.30  0.14  0.58%   
The current 90-days correlation between T Rowe Price and Salient Tactical Growth is 0.38 (i.e., 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 0.59 (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.
  
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 various price indices.

Moving together with RPGIX Mutual Fund

  0.83VINAX Vanguard IndustrialsPairCorr
  0.87FSDAX Defense And AerospacePairCorr
  0.89FCLIX Fidelity Advisor IndPairCorr
  0.9FCLTX Fidelity Advisor IndPairCorr
  0.72FCLCX Fidelity Advisor IndPairCorr
  0.71FCLAX Fidelity Advisor IndPairCorr
  0.64FSLEX Environment And AltePairCorr
  0.63FSRFX Transportation PortfolioPairCorr
  0.89FIKEX Fidelity Advisor IndPairCorr
  0.86PAUIX Pimco All AssetPairCorr
  0.93TRRVX T Rowe PricePairCorr
  0.61AOFAX Alger Small CapPairCorr
  0.86PATRX Pimco All AssetPairCorr
  0.85JHRNX Retirement Living ThroughPairCorr
  0.93PQTNX Pimco Trends ManagedPairCorr
  0.76RRTAX T Rowe PricePairCorr
  0.84FFOLX Fidelity Freedom IndexPairCorr
  0.99PCIEX Pace International EquityPairCorr
  0.99RWICX Capital World GrowthPairCorr
  0.86PAUPX Pimco All AssetPairCorr
  0.65HAVLX Harbor Large CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between RPGIX 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TQGEX  0.54  0.04  0.01  0.16  0.62 
(0.57)
 1.08 
(1.04)
 3.21 
PGUCX  0.46 (0.03)(0.12) 0.02  0.64 
(0.47)
 0.87 
(1.04)
 2.96 
PGIUX  0.57  0.09  0.05  0.35  0.48 
(0.67)
 0.87 
(0.97)
 8.44 
BVAOX  0.80  0.02  0.03  0.11  0.84 
(0.84)
 1.86 
(1.58)
 4.25 
WELNX  0.64  0.03 (0.01) 0.15  0.78 
(0.65)
 1.54 
(1.58)
 3.79 
FFOX  0.81 (0.03)(0.02) 0.07  0.94 
(0.86)
 1.73 
(1.42)
 3.99 
FLRUX  0.25  0.02 (0.19) 0.39  0.19 
(0.31)
 0.51 
(0.41)
 2.12 
WSBFX  0.45  0.13  0.15  0.43  0.00 
(0.59)
 0.90 
(0.57)
 8.26 
NCBVX  0.61  0.02  0.01  0.12  0.57 
(0.71)
 1.57 
(1.26)
 3.36 
FTGWX  0.45  0.05  0.02  0.19  0.44 
(0.47)
 0.96 
(0.93)
 2.59 

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