T ROWE Correlations

PRFDX Fund

USD 38.28 -0.47 -1.21%

Current 90-days correlation between T Rowe Price and American Funds Growth is 0.73 (i.e., Poor diversification).The correlation of T ROWE is a statistical measure of how it moves in relation to other instruments. The correlation coefficient ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5.

Correlation With Market Overview: T ROWE

Poor diversification

The correlation between PRFDX and DJI is 0.69, which Macroaxis classifies as Poor diversification for the selected horizon. Used correctly, the chart supports evaluation of whether adding the second position genuinely diversifies the first.

Diversification context is available through Your Equity Center. Allocation context can improve visibility into portfolio balance. Diversification context is built from the relationships between portfolio holdings. A position in T Rowe Price is indicated here. It is reflected in the overall portfolio structure. 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 discontinued.

Moving together with PRFDX Mutual Fund

0.63	PEXMX	T Rowe Price	Pair Corr
0.9	TECIX	T Rowe Price	Pair Corr
0.93	TEIMX	T Rowe Price	Pair Corr
0.81	TEUIX	T Rowe Price	Pair Corr
0.9	OTCFX	T Rowe Price	Pair Corr
0.85	TWRRX	Target 2030 Fund	Pair Corr
0.83	TFBIX	Maryland Tax Free	Pair Corr
0.83	TFBVX	Virginia Tax Free	Pair Corr
0.9	OTIIX	T Rowe Price	Pair Corr
0.8	TFHAX	T Rowe Price	Pair Corr
0.81	TFILX	T Rowe Price	Pair Corr
0.91	TFRRX	Target 2005 Fund	Pair Corr
0.91	PGMSX	T Rowe Price	Pair Corr
0.94	RPBAX	T Rowe Price	Pair Corr
0.64	PGTIX	T Rowe Price	Pair Corr
0.93	RPFDX	T Rowe Price	Pair Corr
0.86	RPGAX	T Rowe Price	Pair Corr
0.8	TGBLX	T Rowe Price	Pair Corr
0.64	RPIEX	T Rowe Price	Pair Corr
0.86	TGAFX	T Rowe Price	Pair Corr
0.96	RPGRX	T Rowe Price	Pair Corr
0.73	RPIHX	T Rowe Price	Pair Corr
0.8	RPISX	T Rowe Price	Pair Corr
0.82	RPLCX	T Rowe Price	Pair Corr
0.72	RPOIX	T Rowe Price	Pair Corr
0.67	PHEIX	T Rowe Price	Pair Corr
0.93	RPSIX	Spectrum Income	Pair Corr
0.96	RPTFX	T Rowe Price	Pair Corr
0.79	TGPEX	T Rowe Price	Pair Corr
0.69	PZHEX	T Rowe Price	Pair Corr

Moving against PRFDX Mutual Fund

0.31

RRGSX

T Rowe Price

Pair Corr

Related Correlations Analysis

	MINJX	MINIX	TROIX	TROSX	VWNEX	VASGX	OAKMX	PARKX	TIBIX	GWPFX
MINJX		1.0	0.99	0.99	0.76	0.97	0.47	0.92	0.66	0.62	MINJX
MINIX	1.0		0.99	0.99	0.76	0.97	0.47	0.92	0.66	0.62	MINIX
TROIX	0.99	0.99		1.0	0.75	0.98	0.45	0.93	0.71	0.59	TROIX
TROSX	0.99	0.99	1.0		0.75	0.98	0.45	0.93	0.7	0.6	TROSX
VWNEX	0.76	0.76	0.75	0.75		0.82	0.7	0.82	0.29	0.83	VWNEX
VASGX	0.97	0.97	0.98	0.98	0.82		0.53	0.96	0.64	0.71	VASGX
OAKMX	0.47	0.47	0.45	0.45	0.7	0.53		0.42	-0.18	0.81	OAKMX
PARKX	0.92	0.92	0.93	0.93	0.82	0.96	0.42		0.72	0.64	PARKX
TIBIX	0.66	0.66	0.71	0.7	0.29	0.64	-0.18	0.72		-0.05	TIBIX
GWPFX	0.62	0.62	0.59	0.6	0.83	0.71	0.81	0.64	-0.05		GWPFX
	MINJX	MINIX	TROIX	TROSX	VWNEX	VASGX	OAKMX	PARKX	TIBIX	GWPFX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MINIX	+ 1.0	MINJX
TROSX	+ 1.0	TROIX
TROIX	+ 0.99	MINJX
TROSX	+ 0.99	MINJX
TROIX	+ 0.99	MINIX
TROSX	+ 0.99	MINIX

High negative correlations

TIBIX	- 0.18	OAKMX
GWPFX	- 0.05	TIBIX

Risk-Adjusted Indicators

Evaluating PRFDX Mutual Fund requires separating price momentum from underlying business quality relative to competitors. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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
MINJX	0.71	0.02	0.00	-0.08	0.00	0.00	1.17	-1.74	5.17
MINIX	0.71	0.02	0.00	-0.08	0.00	0.00	1.18	-1.74	5.12
TROIX	0.80	0.05	0.00	-0.05	0.00	0.00	1.39	-2.17	5.82
TROSX	0.80	0.05	0.00	-0.05	0.00	0.00	1.39	-2.11	5.87
VWNEX	0.72	0.11	0.15	0.03	0.82	-0.81	1.50	-1.38	7.76
VASGX	0.52	0.04	0.00	-0.05	0.00	0.00	0.74	-1.44	3.43
OAKMX	0.69	0.01	0.00	-0.09	0.00	0.00	1.46	-1.49	4.00
PARKX	0.54	0.08	0.14	0.01	0.75	-0.53	0.98	-1.26	5.05
TIBIX	0.49	0.18	0.36	0.35	0.44	-0.57	1.20	-0.82	3.89
GWPFX	0.71	0.01	0.00	-0.08	0.00	0.00	1.20	-1.84	4.43

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