T Rowe Correlations

TGIPX Fund

USD 44.51 0.31 0.70%

The current 90-days correlation between T Rowe Price and Mfs Servative Allocation is 0.05 (i.e., Significant 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

Almost no diversification

The correlation between T Rowe Price and DJI is 0.91 (i.e., Almost no 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 inflation.

Moving together with TGIPX Mutual Fund

0.93	PEXMX	T Rowe Price	Pair Corr
0.91	TECIX	T Rowe Price	Pair Corr
0.9	TEIMX	T Rowe Price	Pair Corr
0.76	PFFRX	T Rowe Price	Pair Corr
0.96	TEUIX	T Rowe Price	Pair Corr
0.94	OTCFX	T Rowe Price	Pair Corr
0.77	TFAIX	T Rowe Price	Pair Corr
0.97	TWRRX	Target 2030 Fund	Pair Corr
0.81	TFBIX	Maryland Tax Free	Pair Corr
0.71	TFBVX	Virginia Tax Free	Pair Corr
0.95	OTIIX	T Rowe Price	Pair Corr
0.9	TFHAX	T Rowe Price	Pair Corr
0.73	TFILX	T Rowe Price	Pair Corr
0.9	TFIFX	T Rowe Price	Pair Corr
0.97	TFRRX	Target 2005 Fund	Pair Corr
0.72	PGMSX	T Rowe Price	Pair Corr
1.0	RPBAX	T Rowe Price	Pair Corr
0.97	RPFDX	T Rowe Price	Pair Corr
0.99	RPGAX	T Rowe Price	Pair Corr
0.75	RPEIX	T Rowe Price	Pair Corr
0.89	TGBLX	T Rowe Price	Pair Corr
0.78	RPIEX	T Rowe Price	Pair Corr
0.79	RPIFX	T Rowe Price	Pair Corr
0.78	RPIBX	T Rowe Price	Pair Corr
0.99	RPGIX	T Rowe Price	Pair Corr
0.97	RPGEX	T Rowe Price	Pair Corr
0.99	TGAFX	T Rowe Price	Pair Corr
0.94	RPGRX	T Rowe Price	Pair Corr
0.92	RPIHX	T Rowe Price	Pair Corr
0.78	RPISX	T Rowe Price	Pair Corr
0.8	RPMGX	T Rowe Price	Pair Corr
0.91	RPOIX	T Rowe Price	Pair Corr
0.93	PHEIX	T Rowe Price	Pair Corr
0.92	RPSIX	Spectrum Income	Pair Corr

Related Correlations Analysis

	SENCX	SFNNX	TRPBX	BARIX	BSCFX	PRSIX	TRRAX	SGRKX	MACFX
SENCX		0.84	0.88	0.84	0.87	0.89	0.89	0.85	0.84	SENCX
SFNNX	0.84		0.93	0.75	0.8	0.94	0.96	0.78	0.82	SFNNX
TRPBX	0.88	0.93		0.9	0.94	1.0	0.97	0.92	0.82	TRPBX
BARIX	0.84	0.75	0.9		0.96	0.89	0.84	0.95	0.72	BARIX
BSCFX	0.87	0.8	0.94	0.96		0.94	0.9	0.96	0.77	BSCFX
PRSIX	0.89	0.94	1.0	0.89	0.94		0.98	0.91	0.82	PRSIX
TRRAX	0.89	0.96	0.97	0.84	0.9	0.98		0.86	0.84	TRRAX
SGRKX	0.85	0.78	0.92	0.95	0.96	0.91	0.86		0.73	SGRKX
MACFX	0.84	0.82	0.82	0.72	0.77	0.82	0.84	0.73		MACFX
	SENCX	SFNNX	TRPBX	BARIX	BSCFX	PRSIX	TRRAX	SGRKX	MACFX

Risk-Adjusted Indicators

There is a big difference between TGIPX 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
SENCX	0.59	0.03	(0.07)	(4.78)	0.76	(0.57)	1.27	(1.34)	3.51
SFNNX	0.62	0.23	0.24	0.42	0.30	(0.73)	1.67	(1.16)	3.52
TRPBX	0.42	0.13	0.16	0.42	0.00	(0.50)	0.78	(0.66)	6.51
BARIX	0.95	0.22	0.21	0.49	0.46	(1.21)	1.64	(1.22)	13.40
BSCFX	1.02	0.09	0.07	0.18	0.88	(1.21)	2.41	(1.79)	12.61
PRSIX	0.28	0.08	0.05	0.38	0.00	(0.35)	0.56	(0.48)	3.87
TRRAX	0.30	0.06	0.01	0.26	0.00	(0.38)	0.62	(0.49)	3.84
SGRKX	1.49	0.42	0.26	0.67	0.82	(1.65)	2.20	(2.24)	38.89
MACFX	0.37	0.03	(0.06)	(6.01)	0.80	(0.42)	0.54	(0.54)	9.34

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T Rowe Correlations

T Rowe Correlation With Market

Almost no diversification

Moving together with TGIPX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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