T Rowe Correlations
RPISX Fund | USD 7.33 0.02 0.27% |
The current 90-days correlation between T Rowe Price and Pnc International Growth is -0.04 (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 -0.09 (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.
RPISX |
Moving together with RPISX Mutual Fund
0.69 | PFFRX | T Rowe Price | PairCorr |
0.63 | TEUIX | T Rowe Price | PairCorr |
0.62 | OTCFX | T Rowe Price | PairCorr |
0.74 | TWRRX | Target 2030 Fund | PairCorr |
0.63 | OTIIX | T Rowe Price | PairCorr |
0.74 | TFHAX | T Rowe Price | PairCorr |
0.77 | TFRRX | Target 2005 Fund | PairCorr |
0.79 | PGMSX | T Rowe Price | PairCorr |
0.64 | RPBAX | T Rowe Price | PairCorr |
0.7 | RPFDX | T Rowe Price | PairCorr |
0.71 | RPGAX | T Rowe Price | PairCorr |
0.75 | RPELX | T Rowe Price | PairCorr |
0.64 | TGBLX | T Rowe Price | PairCorr |
0.75 | RPIDX | T Rowe Price | PairCorr |
0.88 | RPIBX | T Rowe Price | PairCorr |
0.63 | RPGIX | T Rowe Price | PairCorr |
0.71 | TGAFX | T Rowe Price | PairCorr |
0.62 | RPGRX | T Rowe Price | PairCorr |
0.7 | RPIHX | T Rowe Price | PairCorr |
0.8 | RPLCX | T Rowe Price | PairCorr |
0.77 | RPOIX | T Rowe Price | PairCorr |
0.7 | PHEIX | T Rowe Price | PairCorr |
0.7 | TGIPX | T Rowe Price | PairCorr |
0.76 | RPSIX | Spectrum Income | PairCorr |
0.63 | RPTTX | T Rowe Price | PairCorr |
0.71 | PZHEX | T Rowe Price | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between RPISX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PIGDX | 0.44 | 0.17 | (0.09) | (1.28) | 0.19 | 1.33 | 3.25 | |||
LANIX | 0.44 | 0.20 | (0.03) | (1.50) | 0.15 | 1.18 | 4.08 | |||
NEAIX | 0.90 | 0.44 | 0.17 | (1.33) | 0.54 | 2.64 | 5.88 | |||
PLAAX | 0.55 | 0.22 | 0.00 | (1.62) | 0.28 | 1.48 | 4.32 | |||
GGRYX | 0.35 | 0.16 | (0.12) | (1.62) | 0.00 | 1.12 | 2.84 | |||
LLLRX | 0.44 | 0.20 | (0.03) | (1.99) | 0.07 | 1.13 | 4.06 | |||
AUERX | 0.60 | 0.20 | 0.01 | 7.80 | 0.39 | 1.33 | 3.01 | |||
GETFX | 0.39 | 0.19 | (0.07) | (1.39) | 0.13 | 1.08 | 3.26 |