T Rowe Correlations
| TFHAX Fund | USD 9.75 0.01 0.10% |
The current 90-days correlation between T Rowe Price and Barings Global Floating is 0.11 (i.e., Average 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
Average diversification
The correlation between T Rowe Price and DJI is 0.11 (i.e., Average 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.
TFHAX |
Moving together with TFHAX Mutual Fund
| 0.75 | PEXMX | T Rowe Price | PairCorr |
| 0.63 | TEEFX | T Rowe Price | PairCorr |
| 0.65 | TECIX | T Rowe Price | PairCorr |
| 0.98 | TFBIX | Maryland Tax Free | PairCorr |
| 0.96 | TFBVX | Virginia Tax Free | PairCorr |
| 0.96 | TFILX | T Rowe Price | PairCorr |
| 0.72 | PGLOX | T Rowe Price | PairCorr |
| 0.66 | PGMSX | T Rowe Price | PairCorr |
| 0.62 | RPGAX | T Rowe Price | PairCorr |
| 0.65 | RPGEX | T Rowe Price | PairCorr |
| 0.69 | RPIHX | T Rowe Price | PairCorr |
| 0.69 | RPOIX | T Rowe Price | PairCorr |
| 0.66 | PHEIX | T Rowe Price | PairCorr |
Related Correlations Analysis
| 0.24 | 0.01 | 0.12 | 0.1 | 0.23 | BXFIX | ||
| 0.24 | 0.89 | 0.92 | 0.83 | 0.82 | FSBCX | ||
| 0.01 | 0.89 | 0.75 | 0.79 | 0.79 | MSTGX | ||
| 0.12 | 0.92 | 0.75 | 0.75 | 0.63 | RHSAX | ||
| 0.1 | 0.83 | 0.79 | 0.75 | 0.65 | TAAKX | ||
| 0.23 | 0.82 | 0.79 | 0.63 | 0.65 | ANAGX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between TFHAX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BXFIX | 0.07 | 0.01 | 0.07 | 2.67 | 0.00 | 0.12 | 0.81 | |||
| FSBCX | 0.41 | (0.02) | 0.00 | (0.43) | 0.00 | 0.76 | 3.14 | |||
| MSTGX | 0.25 | (0.02) | 0.00 | (0.25) | 0.00 | 0.54 | 1.83 | |||
| RHSAX | 1.05 | (0.01) | 0.00 | 0.18 | 1.76 | 2.22 | 9.80 | |||
| TAAKX | 0.61 | (0.06) | 0.00 | (0.16) | 0.00 | 1.01 | 6.84 | |||
| ANAGX | 0.19 | (0.02) | 0.00 | (1.25) | 0.00 | 0.44 | 1.16 |