T Rowe Correlations

PARKX Fund

USD 22.49 0.10 0.44%

The current 90-days correlation between T Rowe Price and T Rowe Price is 0.99 (i.e., No risk reduction). 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 -0.07 (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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in T Rowe Price. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with PARKX Mutual Fund

0.95	BA	Boeing	Pair Corr
0.69	CVX	Chevron Corp	Pair Corr
0.68	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.62	T	ATT Inc	Pair Corr
0.98	CAT	Caterpillar	Pair Corr
0.66	IBM	International Business	Pair Corr
0.98	MSFT	Microsoft	Pair Corr
0.96	DIS	Walt Disney	Pair Corr
0.97	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.66	AXP	American Express Earnings Call This Week	Pair Corr
0.72	CSCO	Cisco Systems	Pair Corr
0.67	BAC	Bank of America Earnings Call This Week	Pair Corr

Moving against PARKX Mutual Fund

0.64

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	PARJX	PARLX	PARHX	PARCX	PAROX
PARJX		1.0	1.0	1.0	1.0	PARJX
PARLX	1.0		1.0	1.0	1.0	PARLX
PARHX	1.0	1.0		1.0	1.0	PARHX
PARCX	1.0	1.0	1.0		1.0	PARCX
PAROX	1.0	1.0	1.0	1.0		PAROX
	PARJX	PARLX	PARHX	PARCX	PAROX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between PARKX 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
PARJX	0.30	0.12	(0.25)	(6.44)	0.00	(0.36)	0.98	(0.62)	2.13
PARLX	0.50	0.20	(0.07)	(4.91)	0.35	(0.58)	1.50	(1.22)	3.58
PARHX	0.27	0.11	(0.32)	(6.50)	0.00	(0.32)	0.86	(0.48)	1.83
PARCX	0.35	0.14	(0.19)	(5.08)	0.14	(0.40)	1.12	(0.73)	2.47
PAROX	0.51	0.20	(0.06)	(5.08)	0.34	(0.59)	1.53	(1.22)	3.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC