T Rowe Correlations
TTMIX Fund | USD 168.58 1.41 0.83% |
The current 90-days correlation between T Rowe Price and T Rowe Price is 0.43 (i.e., Very weak 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 -0.11 (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.
TTMIX |
Moving together with TTMIX Mutual Fund
0.95 | PEXMX | T Rowe Price | PairCorr |
0.96 | TEEFX | T Rowe Price | PairCorr |
0.91 | TECIX | T Rowe Price | PairCorr |
0.92 | TEIMX | T Rowe Price | PairCorr |
0.95 | PFFRX | T Rowe Price | PairCorr |
0.96 | TEUIX | T Rowe Price | PairCorr |
0.95 | OTCFX | T Rowe Price | PairCorr |
0.95 | TFAIX | T Rowe Price | PairCorr |
0.97 | TWRRX | Target 2030 Fund | PairCorr |
0.93 | OTIIX | T Rowe Price | PairCorr |
0.92 | TFHAX | T Rowe Price | PairCorr |
0.94 | TFIFX | T Rowe Price | PairCorr |
0.9 | PGLOX | T Rowe Price | PairCorr |
0.94 | TFRRX | Target 2005 Fund | PairCorr |
0.71 | PGMSX | T Rowe Price | PairCorr |
0.97 | RPBAX | T Rowe Price | PairCorr |
0.94 | PGTIX | T Rowe Price | PairCorr |
0.96 | RPFDX | T Rowe Price | PairCorr |
0.97 | RPGAX | T Rowe Price | PairCorr |
0.92 | RPELX | T Rowe Price | PairCorr |
0.89 | RPEIX | T Rowe Price | PairCorr |
0.89 | RPIEX | T Rowe Price | PairCorr |
0.91 | RPIDX | T Rowe Price | PairCorr |
0.95 | RPIFX | T Rowe Price | PairCorr |
0.67 | RPIBX | T Rowe Price | PairCorr |
0.96 | RPGIX | T Rowe Price | PairCorr |
0.96 | RPGEX | T Rowe Price | PairCorr |
0.97 | TGAFX | T Rowe Price | PairCorr |
0.97 | RPGRX | T Rowe Price | PairCorr |
0.95 | RPIHX | T Rowe Price | PairCorr |
0.67 | RPISX | T Rowe Price | PairCorr |
0.95 | RPMGX | T Rowe Price | PairCorr |
0.68 | RPLCX | T Rowe Price | PairCorr |
0.94 | RPOIX | T Rowe Price | PairCorr |
0.95 | PHEIX | T Rowe Price | PairCorr |
0.97 | TGIPX | T Rowe Price | PairCorr |
0.91 | RPSIX | Spectrum Income | PairCorr |
Related Correlations Analysis
0.22 | 0.15 | 0.22 | 0.23 | THISX | ||
0.22 | 0.99 | 0.95 | 0.99 | TSNIX | ||
0.15 | 0.99 | 0.95 | 0.98 | PGTIX | ||
0.22 | 0.95 | 0.95 | 0.97 | PRJIX | ||
0.23 | 0.99 | 0.98 | 0.97 | TRAIX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between TTMIX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
THISX | 0.91 | 0.07 | (0.14) | (0.08) | 1.29 | 1.59 | 5.98 | |||
TSNIX | 0.93 | 0.50 | 0.26 | (2.01) | 0.39 | 2.56 | 6.16 | |||
PGTIX | 0.93 | 0.28 | 0.27 | 0.50 | 0.36 | 2.56 | 6.14 | |||
PRJIX | 0.89 | 0.29 | 0.01 | (0.70) | 0.86 | 2.06 | 7.29 | |||
TRAIX | 0.41 | 0.18 | (0.10) | (1.33) | 0.00 | 1.26 | 3.07 |