T Rowe Correlations
TTMIX Fund | USD 170.53 0.96 0.57% |
The current 90-days correlation between T Rowe Price and T Rowe Price is -0.14 (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
Good diversification
The correlation between T Rowe Price and DJI is -0.16 (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
0.83 | PEXMX | T Rowe Price | PairCorr |
0.86 | TEEFX | T Rowe Price | PairCorr |
0.86 | TECIX | T Rowe Price | PairCorr |
0.89 | TEIMX | T Rowe Price | PairCorr |
0.91 | PFFRX | T Rowe Price | PairCorr |
0.84 | TEUIX | T Rowe Price | PairCorr |
0.88 | OTCFX | T Rowe Price | PairCorr |
0.82 | TFAIX | T Rowe Price | PairCorr |
0.92 | TWRRX | Target 2030 Fund | PairCorr |
0.88 | OTIIX | T Rowe Price | PairCorr |
0.86 | TFHAX | T Rowe Price | PairCorr |
0.9 | TFIFX | T Rowe Price | PairCorr |
0.78 | PGLOX | T Rowe Price | PairCorr |
0.91 | TFRRX | Target 2005 Fund | PairCorr |
0.92 | RPFDX | T Rowe Price | PairCorr |
0.92 | RPGAX | T Rowe Price | PairCorr |
0.88 | RPELX | T Rowe Price | PairCorr |
0.79 | RPEIX | T Rowe Price | PairCorr |
0.78 | RPIEX | T Rowe Price | PairCorr |
0.81 | RPIDX | T Rowe Price | PairCorr |
0.91 | RPIFX | T Rowe Price | PairCorr |
0.71 | RPIBX | T Rowe Price | PairCorr |
0.92 | RPGEX | T Rowe Price | PairCorr |
0.86 | TGAFX | T Rowe Price | PairCorr |
0.85 | RPIHX | T Rowe Price | PairCorr |
0.73 | RPISX | T Rowe Price | PairCorr |
0.84 | RPOIX | T Rowe Price | PairCorr |
0.91 | PHEIX | T Rowe Price | PairCorr |
0.86 | TGIPX | T Rowe Price | PairCorr |
0.83 | RPSIX | Spectrum Income | PairCorr |
Related Correlations Analysis
0.18 | 0.05 | 0.1 | 0.16 | THISX | ||
0.18 | 0.59 | 0.93 | 0.99 | TSNIX | ||
0.05 | 0.59 | 0.52 | 0.55 | PGTIX | ||
0.1 | 0.93 | 0.52 | 0.96 | PRJIX | ||
0.16 | 0.99 | 0.55 | 0.96 | TRAIX | ||
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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 | 0.90 | (0.19) | (0.18) | (0.01) | 1.31 | 1.59 | 5.28 | |||
TSNIX | 0.80 | 0.22 | 0.19 | 0.56 | 0.26 | 2.17 | 6.16 | |||
PGTIX | 0.89 | 0.30 | 0.32 | 0.56 | 0.00 | 2.56 | 6.14 | |||
PRJIX | 0.79 | (0.06) | (0.07) | 0.17 | 0.82 | 1.64 | 7.29 | |||
TRAIX | 0.34 | 0.02 | (0.27) | 0.28 | 0.00 | 0.98 | 3.07 |