T Rowe Correlations
RPGAX Fund | USD 15.99 0.03 0.19% |
The current 90-days correlation between T Rowe Price and T Rowe Price is -0.07 (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
Poor diversification
The correlation between T Rowe Price and DJI is 0.72 (i.e., Poor 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.
RPGAX |
Moving together with RPGAX Mutual Fund
1.0 | TWRRX | Target 2030 Fund | PairCorr |
0.93 | TFHAX | T Rowe Price | PairCorr |
0.99 | TFRRX | Target 2005 Fund | PairCorr |
0.62 | PGMSX | T Rowe Price | PairCorr |
1.0 | RPFDX | T Rowe Price | PairCorr |
0.97 | RPIFX | T Rowe Price | PairCorr |
1.0 | RPGRX | T Rowe Price | PairCorr |
0.71 | RPISX | T Rowe Price | PairCorr |
0.66 | RPLCX | T Rowe Price | PairCorr |
0.98 | RPOIX | T Rowe Price | PairCorr |
0.99 | PHEIX | T Rowe Price | PairCorr |
Related Correlations Analysis
0.73 | 0.98 | 0.99 | 0.98 | RPGEX | ||
0.73 | 0.77 | 0.77 | 0.75 | PRSNX | ||
0.98 | 0.77 | 0.98 | 0.97 | PRFRX | ||
0.99 | 0.77 | 0.98 | 0.98 | PRSIX | ||
0.98 | 0.75 | 0.97 | 0.98 | PSILX | ||
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Risk-Adjusted Indicators
There is a big difference between RPGAX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RPGEX | 0.50 | 0.22 | 0.05 | (3.45) | 0.23 | 1.54 | 3.69 | |||
PRSNX | 0.15 | 0.01 | (0.74) | 0.32 | 0.00 | 0.50 | 0.91 | |||
PRFRX | 0.10 | 0.05 | (0.98) | (20.01) | 0.00 | 0.45 | 0.88 | |||
PRSIX | 0.23 | 0.10 | (0.20) | (2.53) | 0.00 | 0.70 | 1.60 | |||
PSILX | 0.46 | 0.13 | 0.05 | 0.46 | 0.13 | 1.36 | 3.20 |