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.
RPGIX |
Moving together with RPGIX Mutual Fund
0.86 | J | Jacobs Solutions | PairCorr |
0.78 | R | Ryder System | PairCorr |
0.78 | AL | Air Lease | PairCorr |
0.66 | AP | Ampco Pittsburgh | PairCorr |
0.75 | BA | Boeing | PairCorr |
0.67 | BR | Broadridge Financial | PairCorr |
0.68 | BV | BrightView Holdings | PairCorr |
0.74 | BW | Babcock Wilcox Enter Buyout Trend | PairCorr |
0.77 | CP | Canadian Pacific Railway | PairCorr |
0.83 | CR | Crane Company | PairCorr |
0.73 | CW | Curtiss Wright | PairCorr |
0.88 | DE | Deere Company | PairCorr |
0.66 | DY | Dycom Industries | PairCorr |
0.63 | FA | First Advantage Corp | PairCorr |
0.81 | GE | GE Aerospace | PairCorr |
0.87 | IR | Ingersoll Rand | PairCorr |
0.75 | LZ | LegalZoom | PairCorr |
0.9 | PH | Parker Hannifin | PairCorr |
0.73 | SB | Safe Bulkers | PairCorr |
0.89 | ST | Sensata Technologies | PairCorr |
0.66 | TG | Tredegar | PairCorr |
Moving against RPGIX Mutual Fund
0.45 | MG | Mistras Group | PairCorr |
0.36 | G | Genpact Limited | PairCorr |
0.6 | CODI-PC | Compass Diversified | PairCorr |
0.59 | CODI-PB | Compass Diversified | PairCorr |
0.55 | CODI-PA | Compass Diversified | PairCorr |
Related Correlations Analysis
0.89 | 0.91 | 0.86 | 0.89 | PGLOX | ||
0.89 | 0.97 | 0.98 | 0.97 | RPGEX | ||
0.91 | 0.97 | 0.95 | 0.99 | TRAOX | ||
0.86 | 0.98 | 0.95 | 0.96 | PRISX | ||
0.89 | 0.97 | 0.99 | 0.96 | PRIJX | ||
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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 | 1.49 | 8.61 | |||
RPGEX | 0.95 | 0.10 | 0.06 | 0.12 | 1.57 | 1.98 | 10.26 | |||
TRAOX | 0.87 | 0.09 | 0.06 | 0.15 | 1.27 | 1.86 | 6.03 | |||
PRISX | 1.16 | 0.13 | 0.06 | 0.13 | 1.90 | 2.56 | 11.67 | |||
PRIJX | 0.87 | 0.10 | 0.06 | 0.17 | 1.37 | 2.02 | 7.20 |