T Rowe Correlations
PATFX Fund | USD 10.63 0.04 0.37% |
The current 90-days correlation between T Rowe Price and Leader Short Term Bond is -0.03 (i.e., Good 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 0.18 (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.
PATFX |
Moving together with PATFX Mutual Fund
0.69 | PEXMX | T Rowe Price | PairCorr |
0.69 | TEEFX | T Rowe Price | PairCorr |
0.72 | TECIX | T Rowe Price | PairCorr |
0.69 | TEIMX | T Rowe Price | PairCorr |
0.67 | PFFRX | T Rowe Price | PairCorr |
0.72 | TEUIX | T Rowe Price | PairCorr |
0.71 | OTCFX | T Rowe Price | PairCorr |
0.69 | TFAIX | T Rowe Price | PairCorr |
0.72 | TWRRX | Target 2030 Fund | PairCorr |
0.92 | TFBIX | Maryland Tax Free | PairCorr |
0.89 | TFBVX | Virginia Tax Free | PairCorr |
0.71 | OTIIX | T Rowe Price | PairCorr |
0.82 | TFHAX | T Rowe Price | PairCorr |
0.91 | TFILX | T Rowe Price | PairCorr |
0.72 | TFIFX | T Rowe Price | PairCorr |
0.69 | PGLOX | T Rowe Price | PairCorr |
0.72 | TFRRX | Target 2005 Fund | PairCorr |
0.75 | PGMSX | T Rowe Price | PairCorr |
0.72 | RPBAX | T Rowe Price | PairCorr |
0.65 | PGTIX | T Rowe Price | PairCorr |
0.71 | RPFDX | T Rowe Price | PairCorr |
0.72 | RPGAX | T Rowe Price | PairCorr |
0.67 | RPELX | T Rowe Price | PairCorr |
0.61 | RPEIX | T Rowe Price | PairCorr |
0.74 | TGBLX | T Rowe Price | PairCorr |
0.62 | RPIEX | T Rowe Price | PairCorr |
0.67 | RPIDX | T Rowe Price | PairCorr |
0.68 | RPIFX | T Rowe Price | PairCorr |
0.69 | RPGIX | T Rowe Price | PairCorr |
0.69 | RPGEX | T Rowe Price | PairCorr |
0.72 | TGAFX | T Rowe Price | PairCorr |
0.72 | RPGRX | T Rowe Price | PairCorr |
0.7 | RPIHX | T Rowe Price | PairCorr |
0.73 | RPMGX | T Rowe Price | PairCorr |
0.68 | RPLCX | T Rowe Price | PairCorr |
0.7 | RPOIX | T Rowe Price | PairCorr |
0.7 | PHEIX | T Rowe Price | PairCorr |
0.72 | TGIPX | T Rowe Price | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between PATFX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LCCMX | 0.12 | 0.05 | (0.57) | 4.90 | 0.00 | 0.51 | 1.00 | |||
AAEZX | 0.23 | 0.04 | (0.15) | 0.31 | 0.00 | 0.61 | 1.83 | |||
GHVIX | 0.18 | 0.09 | (0.23) | (1.40) | 0.00 | 0.61 | 1.35 | |||
ANBIX | 0.15 | 0.04 | (0.36) | (1.84) | 0.00 | 0.38 | 1.17 | |||
ABNTX | 0.14 | 0.03 | (0.41) | (2.05) | 0.00 | 0.29 | 1.08 | |||
BXHCX | 0.17 | 0.09 | (0.23) | (2.74) | 0.00 | 0.63 | 1.16 | |||
DODLX | 0.22 | 0.03 | (0.30) | 0.90 | 0.10 | 0.46 | 1.21 | |||
MSTBX | 0.11 | 0.02 | (0.79) | 4.03 | 0.00 | 0.21 | 0.62 |