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.

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 nation.

Moving together with RPGAX Mutual Fund

0.99	RIRAX	Capital Income Builder	Pair Corr
0.99	RIRCX	Capital Income Builder	Pair Corr
0.99	RIRFX	Capital Income Builder	Pair Corr
0.99	RIRBX	Capital Income Builder	Pair Corr
0.99	CAIFX	Capital Income Builder	Pair Corr
0.99	CIRFX	Capital Income Builder	Pair Corr
0.99	CIRAX	Capital Income Builder	Pair Corr
0.61	FISVX	Fidelity Small Cap	Pair Corr
0.95	PSHAX	Short Term Fund	Pair Corr
0.69	IBM	International Business	Pair Corr

Moving against RPGAX Mutual Fund

0.36

TRV

The Travelers Companies

Pair Corr

Related Correlations Analysis

	RPGEX	PRSNX	PRFRX	PRSIX	PSILX
RPGEX		0.73	0.97	0.49	0.99	RPGEX
PRSNX	0.73		0.76	0.24	0.73	PRSNX
PRFRX	0.97	0.76		0.53	0.97	PRFRX
PRSIX	0.49	0.24	0.53		0.5	PRSIX
PSILX	0.99	0.73	0.97	0.5		PSILX
	RPGEX	PRSNX	PRFRX	PRSIX	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	(0.58)	1.54	(0.79)	3.69
PRSNX	0.15	0.00	(0.96)	0.19	0.00	(0.21)	0.50	(0.30)	0.91
PRFRX	0.10	0.05	0.00	(5.88)	0.00	0.00	0.45	(0.11)	0.88
PRSIX	0.19	0.04	(0.38)	0.38	0.00	(0.23)	0.55	(0.29)	1.56
PSILX	0.47	0.11	0.01	0.43	0.06	(0.56)	1.40	(0.80)	3.20

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