T Rowe Correlations

PRGTX Fund

USD 23.76 0.08 0.34%

The current 90-days correlation between T Rowe Price and T Rowe Price is 0.28 (i.e., Modest 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.

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 estimate.

Moving together with PRGTX Mutual Fund

1.0	VITAX	Vanguard Information	Pair Corr
1.0	FSPTX	Technology Portfolio	Pair Corr
0.99	FSELX	Fidelity Select Semi	Pair Corr
0.95	FSCSX	Software And It	Pair Corr
0.88	VSTSX	Vanguard Total Stock	Pair Corr
0.88	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VITSX	Vanguard Total Stock	Pair Corr
0.88	VFFSX	Vanguard 500 Index	Pair Corr
0.88	VFIAX	Vanguard 500 Index	Pair Corr
0.82	VTISX	Vanguard Total Inter	Pair Corr
0.83	VTSNX	Vanguard Total Inter	Pair Corr
0.96	VTPSX	Vanguard Total Inter	Pair Corr
0.99	VINIX	Vanguard Institutional	Pair Corr
0.87	VTSAX	Vanguard Total Stock	Pair Corr
0.87	CVLOX	Calamos Global Growth	Pair Corr
0.83	MAUKX	Pioneer Multi Asset	Pair Corr
0.96	UIVMX	Mfs Intrinsic Value	Pair Corr
0.67	WATPX	Western Asset Inflation	Pair Corr
0.94	PHK	Pimco High Income	Pair Corr
0.62	INTC	Intel	Pair Corr
0.68	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.64	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against PRGTX Mutual Fund

0.45	TRV	The Travelers Companies	Pair Corr
0.31	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PRHSX	PRMTX	PRNHX	TRBCX	PRDSX
PRHSX		0.17	0.29	0.2	0.25	PRHSX
PRMTX	0.17		0.85	0.94	0.91	PRMTX
PRNHX	0.29	0.85		0.95	0.98	PRNHX
TRBCX	0.2	0.94	0.95		0.97	TRBCX
PRDSX	0.25	0.91	0.98	0.97		PRDSX
	PRHSX	PRMTX	PRNHX	TRBCX	PRDSX

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Risk-Adjusted Indicators

There is a big difference between PRGTX 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
PRHSX	0.89	0.05	0.00	0.05	0.00	0.00	1.60	(2.37)	5.30
PRMTX	0.64	0.17	(0.09)	7.44	0.43	(0.75)	1.38	(0.83)	3.71
PRNHX	0.80	0.22	(0.07)	(0.73)	0.80	(0.89)	1.69	(1.36)	7.29
TRBCX	0.66	0.30	0.08	(7.41)	0.11	(0.80)	1.46	(0.92)	5.73
PRDSX	0.72	0.23	(0.07)	(0.59)	0.70	(0.76)	1.30	(1.30)	5.74

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