T Rowe Correlations
TEEFX Fund | USD 76.98 1.02 1.31% |
The current 90-days correlation between T Rowe Price and North Capital Funds is 0.06 (i.e., Significant 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
Almost no diversification
The correlation between T Rowe Price and DJI is 0.92 (i.e., Almost no 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.
TEEFX |
Moving together with TEEFX Mutual Fund
0.96 | PEXMX | T Rowe Price | PairCorr |
0.81 | TEIMX | T Rowe Price | PairCorr |
0.96 | PFFRX | T Rowe Price | PairCorr |
0.87 | TEUIX | T Rowe Price | PairCorr |
0.82 | OTCFX | T Rowe Price | PairCorr |
0.9 | TFAIX | T Rowe Price | PairCorr |
0.87 | TWRRX | Target 2030 Fund | PairCorr |
0.92 | OTIIX | T Rowe Price | PairCorr |
0.86 | TFIFX | T Rowe Price | PairCorr |
0.97 | PGLOX | T Rowe Price Potential Growth | PairCorr |
0.95 | TFRRX | Target 2005 Fund | PairCorr |
0.64 | PGMSX | T Rowe Price | PairCorr |
0.97 | RPBAX | T Rowe Price | PairCorr |
0.99 | PGTIX | T Rowe Price | PairCorr |
0.88 | RPFDX | T Rowe Price | PairCorr |
0.96 | RPGAX | T Rowe Price | PairCorr |
0.69 | RPELX | T Rowe Price | PairCorr |
0.9 | RPEIX | T Rowe Price | PairCorr |
0.89 | TGBLX | T Rowe Price | PairCorr |
0.9 | RPIEX | T Rowe Price | PairCorr |
0.7 | RPIDX | T Rowe Price | PairCorr |
0.96 | RPIFX | T Rowe Price | PairCorr |
0.9 | RPGIX | T Rowe Price | PairCorr |
0.98 | RPGEX | T Rowe Price | PairCorr |
0.96 | TGAFX | T Rowe Price | PairCorr |
0.96 | RPGRX | T Rowe Price | PairCorr |
0.93 | RPIHX | T Rowe Price | PairCorr |
0.96 | RPMGX | T Rowe Price | PairCorr |
0.88 | RPOIX | T Rowe Price | PairCorr |
0.98 | PHEIX | T Rowe Price | PairCorr |
0.97 | TGIPX | T Rowe Price | PairCorr |
Related Correlations Analysis
1.0 | 1.0 | 1.0 | 0.56 | 0.73 | NCGXX | ||
1.0 | 1.0 | 1.0 | 0.56 | 0.73 | IVMXX | ||
1.0 | 1.0 | 1.0 | 0.56 | 0.73 | FMFXX | ||
1.0 | 1.0 | 1.0 | 0.56 | 0.73 | FODXX | ||
0.56 | 0.56 | 0.56 | 0.56 | 0.49 | FMVFX | ||
0.73 | 0.73 | 0.73 | 0.73 | 0.49 | SWGXX | ||
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Risk-Adjusted Indicators
There is a big difference between TEEFX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
NCGXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
IVMXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
FMFXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
FODXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
FMVFX | 0.10 | 0.01 | (0.14) | (0.66) | 0.00 | 0.21 | 0.66 | |||
SWGXX | 0.03 | 0.01 | 0.00 | (0.53) | 0.00 | 0.00 | 1.01 |