T Rowe Correlations

TILCX Fund

USD 24.40 0.15 0.62%

The current 90-days correlation between T Rowe Price and T Rowe Price is 0.55 (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

Very weak diversification

The correlation between T Rowe Price and DJI is 0.4 (i.e., Very 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 various price indices.

Moving together with TILCX Mutual Fund

0.85	VVIAX	Vanguard Value Index	Pair Corr
0.8	DOXGX	Dodge Cox Stock	Pair Corr
0.96	AFMFX	American Mutual	Pair Corr
0.96	FFMMX	American Funds American	Pair Corr
0.96	FFFMX	American Funds American	Pair Corr
0.96	AMRMX	American Mutual	Pair Corr
0.92	AMFFX	American Mutual	Pair Corr
0.92	AMFCX	American Mutual	Pair Corr
0.96	DODGX	Dodge Stock Fund	Pair Corr
0.85	VIVAX	Vanguard Value Index	Pair Corr
0.77	KNPYX	Kinetics Paradigm	Pair Corr
0.81	LSHUX	Horizon Spin Off	Pair Corr
0.78	KNPCX	Kinetics Paradigm	Pair Corr
0.82	LSHCX	Horizon Spin Off	Pair Corr
0.81	LSHAX	Horizon Spin Off	Pair Corr
0.77	WWNPX	Kinetics Paradigm	Pair Corr
0.61	KMKCX	Kinetics Market Oppo	Pair Corr
0.77	KNPAX	Kinetics Paradigm	Pair Corr
0.81	INTC	Intel	Pair Corr
0.88	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.75	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.85	TRV	The Travelers Companies	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.81	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against TILCX Mutual Fund

0.31

WMT

Walmart Aggressive Push

Pair Corr

Related Correlations Analysis

	TRLGX	LADYX	CSRIX	DFFVX	BIGIX
TRLGX		0.76	0.74	0.83	0.82	TRLGX
LADYX	0.76		0.69	0.82	0.66	LADYX
CSRIX	0.74	0.69		0.81	0.86	CSRIX
DFFVX	0.83	0.82	0.81		0.75	DFFVX
BIGIX	0.82	0.66	0.86	0.75		BIGIX
	TRLGX	LADYX	CSRIX	DFFVX	BIGIX

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Risk-Adjusted Indicators

There is a big difference between TILCX 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
TRLGX	0.84	(0.02)	(0.04)	0.06	1.25	(0.81)	1.57	(1.76)	6.15
LADYX	1.25	(0.04)	(0.01)	0.05	1.88	(1.15)	2.24	(2.61)	10.06
CSRIX	0.82	(0.10)	0.00	(0.33)	0.00	0.00	1.51	(1.63)	5.29
DFFVX	0.83	0.01	0.01	0.10	0.88	(1.03)	1.73	(1.25)	10.70
BIGIX	0.63	(0.11)	0.00	(0.19)	0.00	0.00	1.04	(1.23)	6.57

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