T Rowe Correlations

TEEFX Fund

USD 87.08 0.18 0.21%

The current 90-days correlation between T Rowe Price and Auxier Focus Fund is 0.21 (i.e., Modest 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 0.68 (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 World Market Map 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 price.

Moving together with TEEFX Mutual Fund

0.67	RRTBX	Trowe Price Retirement	Pair Corr
0.69	TMSRX	T Rowe Price	Pair Corr
0.72	TQAAX	T Rowe Price	Pair Corr
0.89	PRCOX	T Rowe Price	Pair Corr
0.61	PRNHX	T Rowe Price	Pair Corr
0.67	PAEIX	T Rowe Price	Pair Corr
0.88	TRBCX	T Rowe Price	Pair Corr
0.77	TRFOX	T Rowe Price	Pair Corr
0.84	PASTX	T Rowe Price	Pair Corr
0.66	PARCX	T Rowe Price	Pair Corr
0.66	PARJX	T Rowe Price	Pair Corr
0.66	PARKX	T Rowe Price	Pair Corr
0.77	TRRJX	T Rowe Price	Pair Corr
0.74	TBCIX	T Rowe Price	Pair Corr
0.96	VIGAX	Vanguard Growth Index	Pair Corr
0.91	GFACX	Growth Fund	Pair Corr
0.92	GFAFX	Growth Fund	Pair Corr
0.92	FAFGX	American Funds	Pair Corr
0.92	FFAFX	American Funds	Pair Corr
0.92	CGFFX	Growth Fund	Pair Corr
0.91	CGFCX	Growth Fund	Pair Corr
0.89	CGFAX	Growth Fund	Pair Corr
0.92	CGFEX	Growth Fund	Pair Corr

Moving against TEEFX Mutual Fund

0.32

PRMDX

Maryland Short Term

Pair Corr

Related Correlations Analysis

	AUXIX	PRNHX	PARCX	MIDSX	RGVAX	SMPIX
AUXIX		0.41	0.62	0.5	0.15	0.03	AUXIX
PRNHX	0.41		0.6	0.47	0.35	0.56	PRNHX
PARCX	0.62	0.6		0.5	0.37	0.66	PARCX
MIDSX	0.5	0.47	0.5		0.43	0.21	MIDSX
RGVAX	0.15	0.35	0.37	0.43		0.37	RGVAX
SMPIX	0.03	0.56	0.66	0.21	0.37		SMPIX
	AUXIX	PRNHX	PARCX	MIDSX	RGVAX	SMPIX

Risk-Adjusted Indicators

There is a big difference between TEEFX 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
AUXIX	0.45	0.03	(0.05)	0.19	0.44	(0.51)	1.05	(0.89)	2.29
PRNHX	1.18	0.00	0.00	0.07	2.04	(1.24)	1.99	(2.08)	21.91
PARCX	0.33	0.02	(0.10)	0.23	0.47	(0.32)	0.74	(0.70)	1.98
MIDSX	1.79	0.28	0.09	0.35	2.49	(1.92)	3.73	(3.90)	13.39
RGVAX	0.13	(0.01)	(0.41)	(2.25)	0.14	(0.17)	0.25	(0.25)	0.83
SMPIX	2.37	(0.05)	0.01	0.05	3.31	(2.35)	4.70	(5.51)	14.63

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