T Rowe Correlations
TCELX Fund | USD 12.57 0.03 0.24% |
The current 90-days correlation between T Rowe Price and T Rowe Price is -0.11 (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 weak diversification
The correlation between T Rowe Price and DJI is 0.44 (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.
TCELX |
Moving together with TCELX Mutual Fund
0.93 | PEXMX | T Rowe Price | PairCorr |
0.91 | TEEFX | T Rowe Price | PairCorr |
0.92 | TECIX | T Rowe Price | PairCorr |
0.87 | TEIMX | T Rowe Price | PairCorr |
0.9 | PFFRX | T Rowe Price | PairCorr |
0.84 | TEUIX | T Rowe Price | PairCorr |
0.89 | OTCFX | T Rowe Price | PairCorr |
0.9 | TFAIX | T Rowe Price | PairCorr |
0.92 | TWRRX | Target 2030 Fund | PairCorr |
0.9 | OTIIX | T Rowe Price | PairCorr |
0.83 | TFHAX | T Rowe Price | PairCorr |
0.9 | TFIFX | T Rowe Price | PairCorr |
0.77 | PGLOX | T Rowe Price | PairCorr |
0.91 | TFRRX | Target 2005 Fund | PairCorr |
0.74 | PGMSX | T Rowe Price | PairCorr |
0.9 | RPBAX | T Rowe Price | PairCorr |
0.93 | PGTIX | T Rowe Price | PairCorr |
0.92 | RPFDX | T Rowe Price | PairCorr |
0.9 | RPGAX | T Rowe Price | PairCorr |
0.92 | RPELX | T Rowe Price | PairCorr |
0.83 | RPEIX | T Rowe Price | PairCorr |
0.87 | TGBLX | T Rowe Price | PairCorr |
0.81 | RPIEX | T Rowe Price | PairCorr |
0.91 | RPIDX | T Rowe Price | PairCorr |
0.9 | RPIFX | T Rowe Price | PairCorr |
0.88 | RPGIX | T Rowe Price | PairCorr |
0.9 | RPGEX | T Rowe Price | PairCorr |
0.9 | TGAFX | T Rowe Price | PairCorr |
0.9 | RPGRX | T Rowe Price | PairCorr |
0.9 | RPIHX | T Rowe Price | PairCorr |
0.87 | RPMGX | T Rowe Price | PairCorr |
0.66 | RPLCX | T Rowe Price | PairCorr |
0.91 | RPOIX | T Rowe Price | PairCorr |
0.91 | PHEIX | T Rowe Price | PairCorr |
0.91 | TGIPX | T Rowe Price | PairCorr |
Related Correlations Analysis
0.99 | 0.98 | 0.89 | 0.98 | TRAOX | ||
0.99 | 0.98 | 0.93 | 0.99 | RPGEX | ||
0.98 | 0.98 | 0.89 | 0.98 | TRGOX | ||
0.89 | 0.93 | 0.89 | 0.94 | PGLOX | ||
0.98 | 0.99 | 0.98 | 0.94 | RPGIX | ||
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Risk-Adjusted Indicators
There is a big difference between TCELX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TRAOX | 0.53 | 0.28 | 0.05 | (3.57) | 0.00 | 1.66 | 4.50 | |||
RPGEX | 0.49 | 0.27 | 0.01 | (1.71) | 0.00 | 1.54 | 3.69 | |||
TRGOX | 0.73 | 0.17 | 0.22 | 0.41 | 0.00 | 2.58 | 5.66 | |||
PGLOX | 0.55 | 0.19 | (0.13) | (0.72) | 0.48 | 1.23 | 4.67 | |||
RPGIX | 0.80 | 0.39 | 0.13 | (1.79) | 0.31 | 2.11 | 5.29 |