T Rowe Correlations
| PRINX Fund | USD 10.73 0.02 0.19% |
The current 90-days correlation between T Rowe Price and Fidelity Money Market is 0.21 (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 -0.12 (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.
PRINX |
Moving together with PRINX Mutual Fund
| 0.61 | TECIX | T Rowe Price | PairCorr |
| 0.88 | TFBIX | Maryland Tax Free | PairCorr |
| 0.88 | TFBVX | Virginia Tax Free | PairCorr |
| 0.66 | TFHAX | T Rowe Price | PairCorr |
| 0.88 | TFILX | T Rowe Price | PairCorr |
| 0.74 | PGMSX | T Rowe Price | PairCorr |
| 0.61 | TGBLX | T Rowe Price | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between PRINX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FZDXX | 0.03 | 0.01 | 0.00 | 4.42 | 0.00 | 0.00 | 1.01 | |||
| PBMXX | 0.03 | 0.01 | 0.00 | 4.42 | 0.00 | 0.00 | 1.01 | |||
| STPXX | 0.03 | 0.00 | 0.00 | 1.43 | 0.00 | 0.00 | 1.01 | |||
| FMVUX | 0.77 | 0.08 | 0.08 | 0.21 | 0.70 | 1.98 | 5.60 | |||
| STSEX | 0.57 | 0.07 | 0.04 | 0.22 | 0.45 | 1.60 | 3.33 | |||
| PCSXX | 0.03 | 0.01 | 0.00 | 4.42 | 0.00 | 0.00 | 1.01 | |||
| QCMMIX | 0.02 | 0.01 | 0.00 | (4.32) | 0.00 | 0.03 | 0.07 | |||
| GABXX | 0.03 | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 | 1.01 |