T Rowe Correlations
TEEFX Fund | USD 77.55 0.11 0.14% |
The current 90-days correlation between T Rowe Price and Voya High Yield is 0.15 (i.e., Average 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 0.94 (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
0.87 | PEXMX | T Rowe Price | PairCorr |
0.81 | TEIMX | T Rowe Price | PairCorr |
0.91 | PFFRX | T Rowe Price | PairCorr |
0.86 | TEUIX | T Rowe Price | PairCorr |
0.79 | OTCFX | T Rowe Price | PairCorr |
0.91 | TFAIX | T Rowe Price | PairCorr |
0.87 | TWRRX | Target 2030 Fund | PairCorr |
0.9 | OTIIX | T Rowe Price | PairCorr |
0.86 | TFIFX | T Rowe Price | PairCorr |
0.96 | PGLOX | T Rowe Price | PairCorr |
0.86 | TFRRX | Target 2005 Fund | PairCorr |
0.88 | RPBAX | T Rowe Price | PairCorr |
0.93 | PGTIX | T Rowe Price | PairCorr |
0.96 | RPFDX | T Rowe Price | PairCorr |
0.87 | RPGAX | T Rowe Price | PairCorr |
0.86 | RPEIX | T Rowe Price | PairCorr |
0.97 | TGBLX | T Rowe Price | PairCorr |
0.86 | RPIEX | T Rowe Price | PairCorr |
0.95 | RPIFX | T Rowe Price | PairCorr |
0.96 | RPGIX | T Rowe Price | PairCorr |
0.89 | RPGEX | T Rowe Price | PairCorr |
0.88 | TGAFX | T Rowe Price | PairCorr |
0.96 | RPGRX | T Rowe Price | PairCorr |
0.88 | RPIHX | T Rowe Price | PairCorr |
0.86 | RPMGX | T Rowe Price | PairCorr |
0.87 | RPOIX | T Rowe Price | PairCorr |
0.87 | PHEIX | T Rowe Price | PairCorr |
0.96 | TGIPX | T Rowe Price | PairCorr |
Related Correlations Analysis
0.97 | 0.97 | 0.98 | 0.98 | 0.99 | IPIMX | ||
0.97 | 0.97 | 0.99 | 0.99 | 0.98 | NMHYX | ||
0.97 | 0.97 | 0.95 | 0.96 | 0.96 | FAGIX | ||
0.98 | 0.99 | 0.95 | 0.99 | 0.99 | CRDOX | ||
0.98 | 0.99 | 0.96 | 0.99 | 0.99 | GSHSX | ||
0.99 | 0.98 | 0.96 | 0.99 | 0.99 | NHIEX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
IPIMX | 0.21 | 0.01 | 0.01 | 0.58 | 0.28 | 0.58 | 1.63 | |||
NMHYX | 0.21 | 0.01 | (0.01) | 0.24 | 0.32 | 0.48 | 1.47 | |||
FAGIX | 0.44 | 0.03 | 0.03 | 4.83 | 0.61 | 0.84 | 3.15 | |||
CRDOX | 0.20 | 0.01 | 0.00 | 0.26 | 0.25 | 0.47 | 1.28 | |||
GSHSX | 0.25 | 0.01 | (0.01) | 0.79 | 0.36 | 0.56 | 1.48 | |||
NHIEX | 0.22 | 0.01 | 0.00 | 0.31 | 0.33 | 0.53 | 1.89 |