T Rowe Correlations
| TEEFX Fund | USD 85.20 0.19 0.22% |
The current 90-days correlation between T Rowe Price and Government Securities Fund is -0.12 (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
Good diversification
The correlation between T Rowe Price and DJI is -0.01 (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.
TEEFX |
Moving against TEEFX Mutual Fund
| 0.34 | TFBVX | Virginia Tax Free | PairCorr |
| 0.39 | PRFHX | T Rowe Price | PairCorr |
| 0.37 | MDXBX | Maryland Tax Free | PairCorr |
| 0.33 | PRINX | T Rowe Price | PairCorr |
Related Correlations Analysis
| 0.8 | 0.83 | 0.66 | 0.74 | 0.74 | CGTCX | ||
| 0.8 | 0.97 | 0.78 | 0.49 | 0.86 | RGVAX | ||
| 0.83 | 0.97 | 0.72 | 0.46 | 0.92 | RGVJX | ||
| 0.66 | 0.78 | 0.72 | 0.75 | 0.51 | FHNFX | ||
| 0.74 | 0.49 | 0.46 | 0.75 | 0.28 | MSGVX | ||
| 0.74 | 0.86 | 0.92 | 0.51 | 0.28 | UIGSX | ||
Risk-Adjusted Indicators
There is a big difference between TEEFX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CGTCX | 0.12 | (0.01) | (0.44) | (0.02) | 0.10 | 0.25 | 0.58 | |||
| RGVAX | 0.13 | 0.00 | (0.37) | 0.33 | 0.06 | 0.25 | 0.58 | |||
| RGVJX | 0.13 | 0.01 | (0.35) | 0.89 | 0.00 | 0.33 | 0.58 | |||
| FHNFX | 0.14 | 0.00 | (0.34) | 0.09 | 0.10 | 0.33 | 0.65 | |||
| MSGVX | 0.27 | (0.01) | (0.18) | (0.01) | 0.32 | 0.56 | 1.40 | |||
| UIGSX | 0.13 | 0.01 | (0.33) | 0.54 | 0.00 | 0.33 | 0.67 |