T Rowe Correlations
RBAIX Fund | USD 28.39 0.06 0.21% |
The current 90-days correlation between T Rowe Price and T Rowe Price is -0.11 (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
Almost no diversification
The correlation between T Rowe Price and DJI is 0.9 (i.e., Almost no 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 | PEXMX | T Rowe Price | PairCorr |
0.99 | TEEFX | T Rowe Price | PairCorr |
0.96 | TECIX | T Rowe Price | PairCorr |
0.94 | TEIMX | T Rowe Price | PairCorr |
0.98 | PFFRX | T Rowe Price | PairCorr |
0.95 | TEUIX | T Rowe Price | PairCorr |
0.96 | OTCFX | T Rowe Price | PairCorr |
0.97 | TFAIX | T Rowe Price | PairCorr |
1.0 | TWRRX | Target 2030 Fund | PairCorr |
0.98 | OTIIX | T Rowe Price | PairCorr |
0.93 | TFHAX | T Rowe Price | PairCorr |
0.97 | TFIFX | T Rowe Price | PairCorr |
0.88 | PGLOX | T Rowe Price | PairCorr |
0.98 | TFRRX | Target 2005 Fund | PairCorr |
0.76 | PGMSX | T Rowe Price | PairCorr |
0.98 | RPBAX | T Rowe Price | PairCorr |
0.99 | PGTIX | T Rowe Price | PairCorr |
1.0 | RPFDX | T Rowe Price | PairCorr |
0.98 | RPGAX | T Rowe Price | PairCorr |
0.97 | RPELX | T Rowe Price | PairCorr |
0.88 | RPEIX | T Rowe Price | PairCorr |
0.98 | TGBLX | T Rowe Price | PairCorr |
0.88 | RPIEX | T Rowe Price | PairCorr |
0.97 | RPIDX | T Rowe Price | PairCorr |
0.97 | RPIFX | T Rowe Price | PairCorr |
0.7 | RPIBX | T Rowe Price | PairCorr |
0.97 | RPGIX | T Rowe Price | PairCorr |
0.98 | RPGEX | T Rowe Price | PairCorr |
0.98 | TGAFX | T Rowe Price | PairCorr |
0.98 | RPGRX | T Rowe Price | PairCorr |
0.98 | RPIHX | T Rowe Price | PairCorr |
0.71 | RPISX | T Rowe Price | PairCorr |
0.97 | RPMGX | T Rowe Price | PairCorr |
0.73 | RPLCX | T Rowe Price | PairCorr |
0.98 | RPOIX | T Rowe Price | PairCorr |
0.98 | PHEIX | T Rowe Price | PairCorr |
1.0 | TGIPX | T Rowe Price | PairCorr |
Related Correlations Analysis
0.94 | 0.97 | 0.98 | 0.98 | TRAIX | ||
0.94 | 0.94 | 0.97 | 0.97 | PRJIX | ||
0.97 | 0.94 | 0.96 | 0.96 | TRMIX | ||
0.98 | 0.97 | 0.96 | 1.0 | PNAIX | ||
0.98 | 0.97 | 0.96 | 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 | 0.40 | 0.20 | (0.13) | (0.97) | 0.00 | 1.26 | 3.07 | |||
PRJIX | 0.87 | (0.03) | 0.02 | 0.21 | 0.73 | 2.06 | 7.29 | |||
TRMIX | 0.72 | 0.26 | (0.02) | (1.25) | 0.65 | 1.65 | 5.43 | |||
PNAIX | 0.56 | 0.11 | 0.12 | 0.37 | 0.00 | 1.58 | 4.45 | |||
PRUIX | 0.58 | 0.11 | 0.13 | 0.36 | 0.00 | 2.02 | 4.89 |