T Rowe Correlations
| TRFGXDelisted Fund | USD 12.14 0.00 0.00% |
The current 90-days correlation between T Rowe Price and Guidepath Managed Futures is 0.09 (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
Good diversification
The correlation between T Rowe Price and DJI is -0.05 (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.
TRFGX |
Moving together with TRFGX Mutual Fund
| 0.9 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
| 0.9 | LSHCX | Horizon Spin Off | PairCorr |
| 0.86 | SPMPX | Invesco Steelpath Mlp | PairCorr |
| 0.9 | WWNPX | Kinetics Paradigm | PairCorr |
| 0.9 | LSHEX | Kinetics Spin Off | PairCorr |
| 0.86 | SPMJX | Invesco Steelpath Mlp | PairCorr |
| 0.9 | KNPCX | Kinetics Paradigm | PairCorr |
| 0.86 | OSPPX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.9 | LSHAX | Horizon Spin Off Steady Growth | PairCorr |
| 0.9 | KNPYX | Kinetics Paradigm | PairCorr |
| 0.85 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.87 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.78 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.81 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.79 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.78 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.81 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.86 | DIS | Walt Disney Aggressive Push | PairCorr |
Moving against TRFGX Mutual Fund
| 0.81 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.78 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.72 | 0.38 | -0.37 | 0.78 | 0.4 | GPMFX | ||
| 0.72 | 0.27 | 0.14 | 0.97 | 0.29 | ABNTX | ||
| 0.38 | 0.27 | 0.07 | 0.13 | 0.99 | AQMIX | ||
| -0.37 | 0.14 | 0.07 | 0.02 | 0.07 | FIFGX | ||
| 0.78 | 0.97 | 0.13 | 0.02 | 0.15 | FIBLX | ||
| 0.4 | 0.29 | 0.99 | 0.07 | 0.15 | QMHIX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between TRFGX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GPMFX | 0.42 | (0.09) | 0.00 | (0.11) | 0.00 | 0.75 | 2.31 | |||
| ABNTX | 0.14 | (0.01) | (0.52) | (0.47) | 0.18 | 0.29 | 0.88 | |||
| AQMIX | 0.41 | (0.02) | (0.18) | 0.05 | 0.57 | 0.81 | 2.76 | |||
| FIFGX | 0.90 | 0.01 | (0.10) | 0.01 | 1.18 | 1.72 | 4.96 | |||
| FIBLX | 0.21 | (0.01) | 0.00 | (1.13) | 0.00 | 0.32 | 1.26 | |||
| QMHIX | 0.60 | (0.04) | (0.12) | 0.05 | 0.80 | 1.21 | 3.83 |
T Rowe Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with T Rowe mutual fund to make a market-neutral strategy. Peer analysis of T Rowe could also be used in its relative valuation, which is a method of valuing T Rowe by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in T Rowe Price?
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