T Rowe Correlations
RBAIX Fund | USD 28.33 0.06 0.21% |
The current 90-days correlation between T Rowe Price and T Rowe Price is -0.18 (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 -0.19 (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.
RBAIX |
Moving together with RBAIX Mutual Fund
0.99 | FBONX | American Funds American | PairCorr |
0.99 | FBAFX | American Funds American | PairCorr |
0.88 | ABALX | American Balanced | PairCorr |
0.88 | BALCX | American Balanced | PairCorr |
0.99 | BALFX | American Balanced | PairCorr |
0.88 | RLBCX | American Balanced | PairCorr |
0.99 | RLBBX | American Balanced | PairCorr |
0.88 | CLBAX | American Balanced | PairCorr |
0.99 | CLBEX | American Balanced | PairCorr |
0.99 | RLBFX | American Balanced | PairCorr |
1.0 | FTYPX | Fidelity Freedom Index | PairCorr |
1.0 | FFBTX | Fidelity Freedom Blend | PairCorr |
0.83 | GAAVX | Gmo Alternative Allo | PairCorr |
0.8 | GCAVX | Gmo Small Cap | PairCorr |
0.98 | GQLOX | Gmo Quality Fund | PairCorr |
0.99 | GMCQX | Gmo Equity Allocation | PairCorr |
0.62 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
0.63 | CAT | Caterpillar | PairCorr |
Moving against RBAIX Mutual Fund
Related Correlations Analysis
0.81 | 0.95 | 0.86 | 0.87 | TRAIX | ||
0.81 | 0.79 | 0.96 | 0.96 | PRJIX | ||
0.95 | 0.79 | 0.8 | 0.82 | TRMIX | ||
0.86 | 0.96 | 0.8 | 1.0 | PNAIX | ||
0.87 | 0.96 | 0.82 | 1.0 | PRUIX | ||
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Risk-Adjusted Indicators
There is a big difference between RBAIX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TRAIX | 0.34 | 0.02 | (0.26) | 0.28 | 0.00 | 0.98 | 3.07 | |||
PRJIX | 0.79 | 0.22 | (0.06) | (0.67) | 0.82 | 1.64 | 7.29 | |||
TRMIX | 0.65 | (0.03) | (0.05) | 0.20 | 0.61 | 1.58 | 5.43 | |||
PNAIX | 0.51 | 0.23 | (0.03) | (4.14) | 0.21 | 1.35 | 4.44 | |||
PRUIX | 0.52 | 0.25 | (0.01) | (2.13) | 0.04 | 1.12 | 4.89 |