T Rowe Correlations
| TRHZX Fund | USD 158.89 0.79 0.49% |
The current 90-days correlation between T Rowe Price and Nuveen Short Term is 0.07 (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
Weak diversification
The correlation between T Rowe Price and DJI is 0.36 (i.e., 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.
TRHZX |
Moving together with TRHZX Mutual Fund
| 0.96 | TEEFX | T Rowe Price | PairCorr |
| 0.86 | PGLOX | T Rowe Price | PairCorr |
| 0.73 | TFRRX | Target 2005 Fund | PairCorr |
| 0.85 | PGTIX | T Rowe Price | PairCorr |
| 0.68 | RPFDX | T Rowe Price | PairCorr |
| 0.76 | RPGAX | T Rowe Price | PairCorr |
| 0.85 | RPGIX | T Rowe Price | PairCorr |
| 0.93 | RPGEX | T Rowe Price | PairCorr |
| 0.68 | RPIHX | T Rowe Price | PairCorr |
| 0.68 | RPOIX | T Rowe Price | PairCorr |
| 0.8 | PHEIX | T Rowe Price | PairCorr |
| 0.68 | RPSIX | Spectrum Income | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between TRHZX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSHAX | 0.05 | 0.00 | (0.44) | (0.32) | 0.00 | 0.10 | 0.51 | |||
| ASDIX | 0.06 | 0.00 | (0.52) | 2.18 | 0.00 | 0.20 | 0.40 | |||
| ATOAX | 0.03 | 0.00 | 0.00 | (0.25) | 0.00 | 0.10 | 0.40 | |||
| SUSAX | 0.06 | 0.01 | (0.57) | (0.45) | 0.00 | 0.10 | 0.51 | |||
| TAAQX | 0.08 | 0.01 | (0.50) | (0.24) | 0.00 | 0.21 | 0.62 | |||
| VMSSX | 0.08 | 0.01 | (0.23) | (0.72) | 0.00 | 0.22 | 0.89 | |||
| DULTX | 0.04 | 0.01 | 0.00 | (0.54) | 0.00 | 0.10 | 0.71 |