T Rowe Correlations

TBCIX Fund

USD 200.92 1.82 0.90%

The current 90-days correlation between T Rowe Price and T Rowe Price is 0.46 (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

Weak diversification

The correlation between T Rowe Price and DJI is 0.31 (i.e., 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 World Market Map 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 gross domestic product.

Moving together with TBCIX Mutual Fund

0.65	TEEFX	T Rowe Price	Pair Corr
0.61	PFFRX	T Rowe Price	Pair Corr
0.63	TFAIX	T Rowe Price	Pair Corr
0.7	TFIFX	T Rowe Price	Pair Corr
0.63	RPIFX	T Rowe Price	Pair Corr
0.61	RPMGX	T Rowe Price	Pair Corr

Moving against TBCIX Mutual Fund

0.37

RPLCX

T Rowe Price

Pair Corr

Related Correlations Analysis

	PMEGX	BPTRX	USNQX	BIMBX	BAMBX	DHLRX	OTCFX
PMEGX		0.68	0.62	0.66	0.67	0.87	0.72	PMEGX
BPTRX	0.68		0.62	0.42	0.41	0.78	0.54	BPTRX
USNQX	0.62	0.62		0.12	0.13	0.52	0.47	USNQX
BIMBX	0.66	0.42	0.12		0.99	0.79	0.8	BIMBX
BAMBX	0.67	0.41	0.13	0.99		0.78	0.8	BAMBX
DHLRX	0.87	0.78	0.52	0.79	0.78		0.8	DHLRX
OTCFX	0.72	0.54	0.47	0.8	0.8	0.8		OTCFX
	PMEGX	BPTRX	USNQX	BIMBX	BAMBX	DHLRX	OTCFX

Risk-Adjusted Indicators

There is a big difference between TBCIX 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
PMEGX	1.12	0.45	0.49	1.00	0.00	(1.35)	1.99	(1.13)	27.92
BPTRX	1.18	0.31	0.26	0.53	0.64	(1.43)	1.62	(1.56)	21.74
USNQX	0.73	0.01	(0.01)	0.13	0.93	(0.74)	1.42	(1.78)	4.76
BIMBX	0.17	0.07	(0.28)	(1.75)	0.00	(0.25)	0.49	(0.19)	1.05
BAMBX	0.17	0.06	(0.31)	5.06	0.00	(0.25)	0.48	(0.20)	1.14
DHLRX	0.67	0.16	0.17	0.36	0.31	(0.81)	1.69	(1.07)	8.00
OTCFX	0.77	0.11	0.12	0.22	0.60	(0.85)	1.91	(1.43)	4.77

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