T Rowe Correlations

PGTIX Fund

USD 23.29 0.23 1.00%

The current 90-days correlation between T Rowe Price and Mndvux is 0.86 (i.e., Very poor 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 0.91 (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.

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 signals in gross domestic product.

Moving together with PGTIX Mutual Fund

0.64	VVPR	VivoPower International Trending	Pair Corr
0.97	DBD	Diebold Nixdorf,	Pair Corr
0.71	OUSTZ	Ouster, Warrants	Pair Corr
0.69	JNPR	Juniper Networks	Pair Corr
0.77	MIND	Mind Technology	Pair Corr
0.94	HPE-PC	Hewlett Packard Ente	Pair Corr
0.92	CORZZ	Core Scientific, Tranche	Pair Corr
0.81	RZLVW	Rezolve AI Limited	Pair Corr
0.77	SATX	SatixFy Communications	Pair Corr
0.92	STRF	MicroStrategy Incorporated	Pair Corr
0.99	PEXMX	T Rowe Price	Pair Corr
1.0	TEEFX	T Rowe Price	Pair Corr
0.85	TECIX	T Rowe Price	Pair Corr
0.93	TEIMX	T Rowe Price	Pair Corr

Moving against PGTIX Mutual Fund

0.83	HPAIW	Helport AI Limited	Pair Corr
0.79	VSTE	Vast Renewables	Pair Corr
0.73	VISL	Vislink Technologies	Pair Corr
0.69	EXOD	Exodus Movement, Upward Rally	Pair Corr
0.65	APCXW	AppTech Payments Corp	Pair Corr
0.4	VBIX	Viewbix Common Stock Trending	Pair Corr
0.89	SMTK	SmartKem, Common Stock	Pair Corr
0.83	SLNHP	Soluna Holdings Preferred	Pair Corr
0.8	NOVA	Sunnova Energy Inter	Pair Corr
0.71	APCX	Apptech Corp	Pair Corr
0.52	ODYS	Odysightai Common Stock	Pair Corr

Related Correlations Analysis

	PGTIX	MNDVUX	NWWAX	SMGASX	PWJQX	FGWMX	PNPXX	RNDIX	BZEAX
PGTIX		0.88	0.0	0.0	0.96	0.87	0.0	0.0	0.99	PGTIX
MNDVUX	0.88		0.0	0.0	0.82	0.92	0.0	0.0	0.92	MNDVUX
NWWAX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NWWAX
SMGASX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SMGASX
PWJQX	0.96	0.82	0.0	0.0		0.8	0.0	0.0	0.97	PWJQX
FGWMX	0.87	0.92	0.0	0.0	0.8		0.0	0.0	0.88	FGWMX
PNPXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PNPXX
RNDIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RNDIX
BZEAX	0.99	0.92	0.0	0.0	0.97	0.88	0.0	0.0		BZEAX
	PGTIX	MNDVUX	NWWAX	SMGASX	PWJQX	FGWMX	PNPXX	RNDIX	BZEAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BZEAX	+ 0.99	PGTIX
BZEAX	+ 0.97	PWJQX
PWJQX	+ 0.96	PGTIX
FGWMX	+ 0.92	MNDVUX
BZEAX	+ 0.92	MNDVUX
MNDVUX	+ 0.88	PGTIX

High negative correlations

BZEAX	- 0.0	RNDIX
BZEAX	- 0.0	PNPXX
RNDIX	- 0.0	PNPXX
RNDIX	- 0.0	FGWMX
PNPXX	- 0.0	FGWMX
RNDIX	- 0.0	PWJQX

Risk-Adjusted Indicators

There is a big difference between PGTIX 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
PGTIX	1.44	0.21	0.10	0.26	2.20	(1.47)	3.15	(3.52)	17.94
MNDVUX	0.95	(0.05)	(0.03)	0.05	1.68	(0.95)	1.68	(2.07)	10.23
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWJQX	0.97	0.12	0.07	0.24	1.31	(0.98)	2.34	(1.70)	9.68
FGWMX	0.31	0.03	(0.10)	0.56	0.47	(0.35)	0.62	(0.90)	2.40
PNPXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNDIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BZEAX	0.72	0.04	0.01	0.15	1.20	(0.72)	1.53	(1.49)	9.42

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