T Rowe Correlations
| TCELX Fund | USD 11.14 0.25 2.19% |
The current 90-days correlation between T Rowe Price and T Rowe Price is -0.04 (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 0.08 (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.
TCELX |
Moving together with TCELX Mutual Fund
| 0.64 | TECIX | T Rowe Price | PairCorr |
| 0.74 | TEIMX | T Rowe Price | PairCorr |
| 0.75 | TEUIX | T Rowe Price | PairCorr |
| 0.63 | TFHAX | T Rowe Price | PairCorr |
| 0.77 | PGLOX | T Rowe Price | PairCorr |
| 0.7 | TFRRX | Target 2005 Fund | PairCorr |
| 0.62 | PGMSX | T Rowe Price | PairCorr |
| 0.7 | RPGAX | T Rowe Price | PairCorr |
| 0.61 | RPELX | T Rowe Price | PairCorr |
| 0.64 | RPIDX | T Rowe Price | PairCorr |
| 0.69 | RPIHX | T Rowe Price | PairCorr |
| 0.68 | RPOIX | T Rowe Price | PairCorr |
Related Correlations Analysis
| 0.57 | 0.36 | 0.72 | 0.48 | TRAOX | ||
| 0.57 | 0.53 | 0.79 | 0.9 | RPGEX | ||
| 0.36 | 0.53 | 0.33 | 0.53 | TRGOX | ||
| 0.72 | 0.79 | 0.33 | 0.68 | PGLOX | ||
| 0.48 | 0.9 | 0.53 | 0.68 | RPGIX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between TCELX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRAOX | 0.65 | (0.01) | 0.00 | (0.08) | 0.00 | 1.37 | 3.83 | |||
| RPGEX | 0.63 | (0.02) | 0.00 | (0.06) | 0.00 | 1.03 | 4.07 | |||
| TRGOX | 0.87 | (0.10) | 0.00 | (0.16) | 0.00 | 1.57 | 5.50 | |||
| PGLOX | 0.57 | 0.06 | 0.08 | 0.09 | 0.77 | 1.10 | 3.93 | |||
| RPGIX | 0.68 | 0.02 | 0.03 | 0.00 | 0.89 | 1.49 | 4.29 |