T Rowe Correlations
| TRZGX Fund | USD 7.98 0.00 0.00% |
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.
TRZGX |
Related Correlations Analysis
| 0.69 | 0.62 | 0.52 | 0.61 | 0.49 | RAGHX | ||
| 0.69 | 0.98 | 0.65 | 0.99 | 0.33 | SCHLX | ||
| 0.62 | 0.98 | 0.65 | 0.98 | 0.39 | LYFAX | ||
| 0.52 | 0.65 | 0.65 | 0.68 | 0.32 | ECHSX | ||
| 0.61 | 0.99 | 0.98 | 0.68 | 0.33 | SWHFX | ||
| 0.49 | 0.33 | 0.39 | 0.32 | 0.33 | ETAHX | ||
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Risk-Adjusted Indicators
There is a big difference between TRZGX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RAGHX | 0.85 | 0.02 | 0.00 | 0.07 | 0.00 | 1.85 | 5.85 | |||
| SCHLX | 0.88 | (0.02) | 0.00 | 0.24 | 0.00 | 1.73 | 5.11 | |||
| LYFAX | 0.82 | (0.01) | 0.00 | 0.21 | 0.00 | 1.61 | 4.77 | |||
| ECHSX | 0.89 | (0.12) | (0.12) | 0.02 | 1.17 | 1.84 | 4.86 | |||
| SWHFX | 0.86 | (0.01) | 0.00 | 0.21 | 0.00 | 1.65 | 4.64 | |||
| ETAHX | 1.15 | 0.29 | 0.05 | (1.02) | 1.24 | 2.41 | 7.62 |