T Rowe Correlations
RPIBX Fund | USD 7.41 0.04 0.54% |
The current 90-days correlation between T Rowe Price and Columbia Global Technology is 0.12 (i.e., Average 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
Very weak diversification
The correlation between T Rowe Price and DJI is 0.4 (i.e., Very weak 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.
RPIBX |
Moving together with RPIBX Mutual Fund
0.61 | FGADX | Franklin Gold Precious | PairCorr |
0.61 | FGPMX | Franklin Gold And | PairCorr |
0.65 | BAC | Bank of America | PairCorr |
0.62 | PFE | Pfizer Inc | PairCorr |
0.61 | CSCO | Cisco Systems | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between RPIBX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CMTFX | 1.50 | 0.25 | 0.08 | (3.62) | 2.06 | 3.02 | 18.13 | |||
BSTSX | 1.42 | 0.22 | 0.10 | 0.22 | 1.96 | 2.96 | 17.40 | |||
PGKAX | 1.57 | 0.23 | 0.07 | (4.12) | 2.20 | 3.29 | 18.50 | |||
JAFUX | 1.47 | 0.28 | 0.08 | (0.83) | 2.04 | 2.76 | 16.56 | |||
RAGTX | 1.65 | 0.27 | 0.08 | (3.40) | 2.27 | 3.49 | 19.70 |