T Rowe Correlations
RRTNX Fund | USD 17.26 0.08 0.47% |
The current 90-days correlation between T Rowe Price and T Rowe Price is -0.15 (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
Very poor diversification
The correlation between T Rowe Price and DJI is 0.85 (i.e., Very poor 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.
RRTNX |
Moving together with RRTNX Mutual Fund
0.88 | VTTVX | Vanguard Target Reti | PairCorr |
0.88 | AADTX | American Funds 2025 | PairCorr |
0.99 | CCDTX | American Funds 2025 | PairCorr |
0.88 | FAPTX | American Funds 2025 | PairCorr |
0.88 | FSNPX | Fidelity Freedom 2025 | PairCorr |
0.88 | FFTWX | Fidelity Freedom 2025 | PairCorr |
0.88 | FDTKX | Fidelity Freedom 2025 | PairCorr |
0.87 | TREHX | T Rowe Price | PairCorr |
0.87 | PARJX | T Rowe Price | PairCorr |
0.87 | PFN | Pimco Income Strategy | PairCorr |
0.81 | CIF | Mfs Intermediate High | PairCorr |
0.83 | PCF | Putnam High Income | PairCorr |
0.99 | CVLOX | Calamos Global Growth | PairCorr |
0.93 | MAUKX | Pioneer Multi Asset | PairCorr |
0.61 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
Moving against RRTNX Mutual Fund
0.78 | XDSMX | Dreyfus Strategic | PairCorr |
0.75 | XNBHX | Neuberger Berman Int | PairCorr |
0.61 | XNXJX | Nuveen New Jersey | PairCorr |
0.48 | XPPRX | Voya Prime Rate | PairCorr |
0.49 | TRV | The Travelers Companies | PairCorr |
0.35 | WMT | Walmart | PairCorr |
0.33 | VZ | Verizon Communications Aggressive Push | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between RRTNX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RRTPX | 0.35 | 0.15 | (0.20) | (1.35) | 0.14 | 0.98 | 2.99 | |||
RRTCX | 0.30 | 0.01 | (0.25) | 0.26 | 0.00 | 0.81 | 2.51 | |||
RRTMX | 0.22 | 0.01 | (0.39) | 0.26 | 0.00 | 0.56 | 1.82 | |||
RRTBX | 0.26 | 0.04 | (0.27) | 0.34 | 0.00 | 0.97 | 1.99 | |||
RRTRX | 0.43 | 0.19 | (0.12) | (1.35) | 0.23 | 1.14 | 3.61 |