T Rowe Correlations

RPGIX Fund

USD 21.53 0.14 0.65%

The current 90-days correlation between T Rowe Price and T Rowe Price is 0.94 (i.e., Almost no 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 0.91 (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.

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 gross domestic product.

Moving together with RPGIX Mutual Fund

0.86	J	Jacobs Solutions	Pair Corr
0.78	R	Ryder System	Pair Corr
0.78	AL	Air Lease	Pair Corr
0.66	AP	Ampco Pittsburgh	Pair Corr
0.75	BA	Boeing	Pair Corr
0.67	BR	Broadridge Financial	Pair Corr
0.68	BV	BrightView Holdings	Pair Corr
0.74	BW	Babcock Wilcox Enter Buyout Trend	Pair Corr
0.77	CP	Canadian Pacific Railway	Pair Corr
0.83	CR	Crane Company	Pair Corr
0.73	CW	Curtiss Wright	Pair Corr
0.88	DE	Deere Company	Pair Corr
0.66	DY	Dycom Industries	Pair Corr
0.63	FA	First Advantage Corp	Pair Corr
0.81	GE	GE Aerospace	Pair Corr
0.87	IR	Ingersoll Rand	Pair Corr
0.75	LZ	LegalZoom	Pair Corr
0.9	PH	Parker Hannifin	Pair Corr
0.73	SB	Safe Bulkers	Pair Corr
0.89	ST	Sensata Technologies	Pair Corr
0.66	TG	Tredegar	Pair Corr

Moving against RPGIX Mutual Fund

0.45	MG	Mistras Group	Pair Corr
0.36	G	Genpact Limited	Pair Corr
0.6	CODI-PC	Compass Diversified	Pair Corr
0.59	CODI-PB	Compass Diversified	Pair Corr
0.55	CODI-PA	Compass Diversified	Pair Corr

Related Correlations Analysis

	PGLOX	RPGEX	TRAOX	PRISX	PRIJX
PGLOX		0.89	0.91	0.86	0.89	PGLOX
RPGEX	0.89		0.97	0.98	0.97	RPGEX
TRAOX	0.91	0.97		0.95	0.99	TRAOX
PRISX	0.86	0.98	0.95		0.96	PRISX
PRIJX	0.89	0.97	0.99	0.96		PRIJX
	PGLOX	RPGEX	TRAOX	PRISX	PRIJX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between RPGIX 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
PGLOX	0.90	0.06	0.04	0.09	1.28	(0.87)	1.49	(1.81)	8.61
RPGEX	0.95	0.10	0.06	0.12	1.57	(0.89)	1.98	(1.72)	10.26
TRAOX	0.87	0.09	0.06	0.15	1.27	(0.93)	1.86	(2.46)	6.03
PRISX	1.16	0.13	0.06	0.13	1.90	(1.18)	2.56	(2.38)	11.67
PRIJX	0.87	0.10	0.06	0.17	1.37	(0.85)	2.02	(2.08)	7.20

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC