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 0.71 (i.e., Poor 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 -0.08 (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.
TCELX |
Moving together with TCELX Mutual Fund
0.91 | PEXMX | T Rowe Price | PairCorr |
0.89 | TEEFX | T Rowe Price | PairCorr |
0.9 | TECIX | T Rowe Price | PairCorr |
0.83 | TEIMX | T Rowe Price | PairCorr |
0.87 | PFFRX | T Rowe Price | PairCorr |
0.8 | TEUIX | T Rowe Price | PairCorr |
0.88 | OTCFX | T Rowe Price | PairCorr |
0.87 | TFAIX | T Rowe Price | PairCorr |
0.91 | TWRRX | Target 2030 Fund | PairCorr |
0.89 | TFIFX | T Rowe Price | PairCorr |
0.72 | PGLOX | T Rowe Price | PairCorr |
0.91 | TFRRX | Target 2005 Fund | PairCorr |
0.65 | PGMSX | T Rowe Price | PairCorr |
0.89 | RPBAX | T Rowe Price | PairCorr |
0.92 | PGTIX | T Rowe Price | PairCorr |
0.9 | RPFDX | T Rowe Price | PairCorr |
0.9 | RPGAX | T Rowe Price | PairCorr |
0.89 | RPELX | T Rowe Price | PairCorr |
0.76 | RPEIX | T Rowe Price | PairCorr |
0.74 | RPIEX | T Rowe Price | PairCorr |
0.89 | RPIDX | T Rowe Price | PairCorr |
0.87 | 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 |
0.87 | RPIHX | T Rowe Price | PairCorr |
0.85 | RPMGX | T Rowe Price | PairCorr |
0.61 | RPLCX | T Rowe Price | PairCorr |
0.88 | RPOIX | T Rowe Price | PairCorr |
0.92 | PHEIX | T Rowe Price | PairCorr |
0.9 | TGIPX | T Rowe Price | PairCorr |
0.86 | RPSIX | Spectrum Income | PairCorr |
Moving against TCELX Mutual Fund
0.45 | TFBVX | Virginia Tax Free | PairCorr |
0.41 | TFBIX | Maryland Tax Free | PairCorr |
0.39 | TFILX | T Rowe Price | PairCorr |
Related Correlations Analysis
0.98 | 0.98 | 0.82 | 0.97 | TRAOX | ||
0.98 | 1.0 | 0.87 | 0.99 | RPGEX | ||
0.98 | 1.0 | 0.85 | 0.98 | TRGOX | ||
0.82 | 0.87 | 0.85 | 0.89 | PGLOX | ||
0.97 | 0.99 | 0.98 | 0.89 | RPGIX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | 0.50 | 0.24 | 0.03 | (1.74) | 0.00 | 1.25 | 4.50 | |||
RPGEX | 0.40 | 0.20 | (0.03) | (2.15) | 0.00 | 1.31 | 3.69 | |||
TRGOX | 0.64 | 0.28 | 0.10 | (3.72) | 0.26 | 1.44 | 5.66 | |||
PGLOX | 0.50 | 0.11 | (0.17) | (0.91) | 0.48 | 1.07 | 4.67 | |||
RPGIX | 0.73 | 0.27 | 0.07 | (2.89) | 0.43 | 2.09 | 5.29 |