T Rowe Correlations
RPGAX Fund | USD 16.03 0.04 0.25% |
The current 90-days correlation between T Rowe Price and T Rowe Price is 0.74 (i.e., 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
Poor diversification
The correlation between T Rowe Price and DJI is 0.74 (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
0.99 | RIRAX | Capital Income Builder | PairCorr |
0.99 | RIRCX | Capital Income Builder | PairCorr |
0.99 | RIRFX | Capital Income Builder | PairCorr |
0.99 | RIRBX | Capital Income Builder | PairCorr |
0.99 | CAIFX | Capital Income Builder | PairCorr |
0.99 | CIRFX | Capital Income Builder | PairCorr |
0.99 | CIRAX | Capital Income Builder | PairCorr |
0.61 | FISVX | Fidelity Small Cap | PairCorr |
0.95 | PSHAX | Short Term Fund | PairCorr |
0.69 | IBM | International Business | PairCorr |
Moving against RPGAX Mutual Fund
Related Correlations Analysis
0.73 | 0.97 | 0.49 | 0.99 | RPGEX | ||
0.73 | 0.76 | 0.24 | 0.73 | PRSNX | ||
0.97 | 0.76 | 0.53 | 0.97 | PRFRX | ||
0.49 | 0.24 | 0.53 | 0.5 | PRSIX | ||
0.99 | 0.73 | 0.97 | 0.5 | 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 | 0.49 | 0.09 | 0.05 | 0.34 | 0.00 | 1.54 | 3.69 | |||
PRSNX | 0.15 | 0.00 | (0.96) | 0.19 | 0.00 | 0.50 | 0.91 | |||
PRFRX | 0.10 | 0.05 | 0.00 | (5.88) | 0.00 | 0.45 | 0.88 | |||
PRSIX | 0.19 | 0.04 | (0.38) | 0.38 | 0.00 | 0.55 | 1.56 | |||
PSILX | 0.47 | 0.11 | 0.01 | 0.43 | 0.06 | 1.40 | 3.20 |