T Rowe Correlations

Mutual Funds . USA . 
Fund . T Rowe Price
PRESX Fund  USD 27.40  0.01  0.04%   
The current 90-days correlation between T Rowe Price and T Rowe Price is -0.13 (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

Good diversification

The correlation between T Rowe Price and DJI is -0.09 (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.
  
Check out Your Equity Center 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 state.

Moving together with PRESX Mutual Fund

  0.83VEUSX Vanguard European StockPairCorr
  1.0VESIX Vanguard European StockPairCorr
  1.0VEUPX Vanguard European StockPairCorr
  1.0VEURX Vanguard European StockPairCorr
  0.95AEDYX Invesco European GrowthPairCorr
  0.95AEDRX Invesco European GrowthPairCorr
  0.98FHJTX Fidelity EuropePairCorr
  0.92RNNEX New Economy FundPairCorr
  0.94ACGCX Income GrowthPairCorr
  0.82FSTRX Federated Mdt LargePairCorr
  0.79BGCWX Baillie Gifford EafePairCorr
  0.75VSORX Victory Sycamore SmallPairCorr
  0.74OTGAX Otg Latin AmericaPairCorr
  0.95PTEFX Principal Lifetime 2050PairCorr
  0.95CCGIX Chautauqua Global GrowthPairCorr
  0.92TLTPX Tiaa Cref LifecyclePairCorr
  0.73GTAPX Long/short PortfolioPairCorr
  0.96BABDX Blackrock Gbl DividendPairCorr
  0.81SEBLX Sentinel BalancedPairCorr
  0.93GEMEX Gmo Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between PRESX 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.

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