T Rowe Correlations
TCELX Fund | USD 12.60 0.07 0.56% |
The current 90-days correlation between T Rowe Price and T Rowe Price is -0.16 (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
Weak diversification
The correlation between T Rowe Price and DJI is 0.35 (i.e., 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
0.91 | PEXMX | T Rowe Price | PairCorr |
0.89 | TEEFX | T Rowe Price | PairCorr |
0.81 | TECIX | T Rowe Price | PairCorr |
0.75 | TEIMX | T Rowe Price | PairCorr |
0.81 | PFFRX | T Rowe Price | PairCorr |
0.81 | TEUIX | T Rowe Price | PairCorr |
0.8 | OTCFX | T Rowe Price | PairCorr |
0.88 | TFAIX | T Rowe Price | PairCorr |
0.81 | TWRRX | Target 2030 Fund | PairCorr |
0.75 | TFHAX | T Rowe Price | PairCorr |
0.79 | TFIFX | T Rowe Price | PairCorr |
0.62 | PGLOX | T Rowe Price | PairCorr |
0.81 | TFRRX | Target 2005 Fund | PairCorr |
0.92 | PGTIX | T Rowe Price | PairCorr |
0.79 | RPFDX | T Rowe Price | PairCorr |
0.79 | RPGAX | T Rowe Price | PairCorr |
0.82 | RPELX | T Rowe Price | PairCorr |
0.7 | RPEIX | T Rowe Price | PairCorr |
0.69 | RPIEX | T Rowe Price | PairCorr |
0.89 | RPIDX | T Rowe Price | PairCorr |
0.81 | RPIFX | T Rowe Price | PairCorr |
0.8 | RPGEX | T Rowe Price | PairCorr |
0.9 | TGAFX | T Rowe Price | PairCorr |
0.88 | RPIHX | T Rowe Price | PairCorr |
0.89 | RPOIX | T Rowe Price | PairCorr |
0.81 | PHEIX | T Rowe Price | PairCorr |
0.89 | TGIPX | T Rowe Price | PairCorr |
0.86 | RPSIX | Spectrum Income | PairCorr |
0.77 | RPTIX | T Rowe Price | PairCorr |
Moving against TCELX Mutual Fund
Related Correlations Analysis
0.98 | 0.87 | 0.82 | 0.43 | TRAOX | ||
0.98 | 0.87 | 0.88 | 0.42 | RPGEX | ||
0.87 | 0.87 | 0.72 | 0.51 | TRGOX | ||
0.82 | 0.88 | 0.72 | 0.37 | PGLOX | ||
0.43 | 0.42 | 0.51 | 0.37 | 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 | 0.49 | 0.24 | (0.04) | (1.83) | 0.00 | 0.98 | 4.50 | |||
RPGEX | 0.41 | 0.19 | (0.09) | (4.45) | 0.00 | 1.31 | 3.69 | |||
TRGOX | 0.65 | 0.09 | 0.04 | 0.36 | 0.27 | 1.44 | 5.66 | |||
PGLOX | 0.50 | 0.13 | (0.20) | (1.03) | 0.45 | 1.07 | 4.67 | |||
RPGIX | 0.80 | 0.39 | 0.13 | (1.79) | 0.31 | 2.11 | 5.29 |