T ROWE Correlations

PRFSX Fund

USD 5.55 -0.01 -0.18%

Current 90-days correlation between T Rowe Price and Blackrock Municipal Target is 0.06 (i.e., Significant diversification).The statistical correlation between T ROWE and related instruments captures the linear component of their co-movement; nonlinear tail dependence may require additional analysis.

Correlation to Market: T ROWE

Very weak diversification

Across the chosen horizon, PRFSX and DJI show a correlation of 0.44 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Your Equity Center provides context for diversified portfolio design. Such insight adds context to allocation decisions within a diversified portfolio. The allocation includes a position in T Rowe Price within the portfolio mix. 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 main economic indicators.

Moving together with PRFSX Mutual Fund

0.87	TECIX	T Rowe Price	Pair Corr
0.84	TEIMX	T Rowe Price	Pair Corr
0.63	TEUIX	T Rowe Price	Pair Corr
0.77	OTCFX	T Rowe Price	Pair Corr
0.82	TWRRX	Target 2030 Fund	Pair Corr
0.96	TFBIX	Maryland Tax Free	Pair Corr
0.96	TFBVX	Virginia Tax Free	Pair Corr
0.77	OTIIX	T Rowe Price	Pair Corr
0.99	TFHAX	T Rowe Price	Pair Corr
0.97	TFILX	T Rowe Price	Pair Corr
0.87	TFRRX	Target 2005 Fund	Pair Corr
0.94	PGMSX	T Rowe Price	Pair Corr
0.86	RPBAX	T Rowe Price	Pair Corr
0.86	RPFDX	T Rowe Price	Pair Corr
0.85	RPGAX	T Rowe Price	Pair Corr
0.73	RPELX	T Rowe Price	Pair Corr
0.78	RPIDX	T Rowe Price	Pair Corr
0.9	RPGIX	T Rowe Price	Pair Corr
0.85	TGAFX	T Rowe Price	Pair Corr
0.9	RPGRX	T Rowe Price	Pair Corr
0.66	RPIHX	T Rowe Price	Pair Corr
0.72	RPISX	T Rowe Price	Pair Corr
0.77	RPLCX	T Rowe Price	Pair Corr
0.65	RPOIX	T Rowe Price	Pair Corr
0.82	TGIPX	T Rowe Price	Pair Corr
0.95	RPSIX	Spectrum Income	Pair Corr

Moving against PRFSX Mutual Fund

0.81	TEEFX	T Rowe Price	Pair Corr
0.34	TFAIX	T Rowe Price	Pair Corr
0.32	PFFRX	T Rowe Price	Pair Corr
0.7	RRBGX	T Rowe Price	Pair Corr
0.45	THISX	T Rowe Price	Pair Corr
0.32	RRGSX	T Rowe Price	Pair Corr

Related Correlations Analysis

	JHYNX	FMIHX	JAHYX	JHYAX	JHYRX	BRXAX	WSMDX	ARAAX	ACEVX	BTT
JHYNX		0.53	1.0	0.96	0.99	0.91	0.57	0.81	0.86	0.89	JHYNX
FMIHX	0.53		0.52	0.44	0.57	0.57	0.74	0.76	0.54	0.28	FMIHX
JAHYX	1.0	0.52		0.96	0.99	0.9	0.57	0.81	0.85	0.89	JAHYX
JHYAX	0.96	0.44	0.96		0.96	0.91	0.48	0.73	0.83	0.89	JHYAX
JHYRX	0.99	0.57	0.99	0.96		0.91	0.61	0.83	0.85	0.86	JHYRX
BRXAX	0.91	0.57	0.9	0.91	0.91		0.52	0.85	0.94	0.82	BRXAX
WSMDX	0.57	0.74	0.57	0.48	0.61	0.52		0.77	0.5	0.3	WSMDX
ARAAX	0.81	0.76	0.81	0.73	0.83	0.85	0.77		0.82	0.62	ARAAX
ACEVX	0.86	0.54	0.85	0.83	0.85	0.94	0.5	0.82		0.76	ACEVX
BTT	0.89	0.28	0.89	0.89	0.86	0.82	0.3	0.62	0.76		BTT
	JHYNX	FMIHX	JAHYX	JHYAX	JHYRX	BRXAX	WSMDX	ARAAX	ACEVX	BTT

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Risk-Adjusted Indicators

There is a big difference between PRFSX 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
JHYNX	0.14	0.01	0.19	0.00	0.12	-0.22	0.27	-0.40	0.94
FMIHX	0.67	-0.04	0.00	-0.10	0.00	0.00	1.48	-1.49	3.83
JAHYX	0.15	0.00	0.20	-0.01	0.14	-0.22	0.27	-0.27	0.81
JHYAX	0.13	0.01	0.28	-0.56	0.02	-0.19	0.27	-0.27	0.95
JHYRX	0.12	0.00	0.16	-0.04	0.14	-0.23	0.27	-0.27	0.94
BRXAX	0.60	0.09	0.14	-0.95	0.84	-0.61	1.29	-1.38	5.52
WSMDX	0.93	0.03	0.00	-0.02	0.00	0.00	1.56	-2.15	5.44
ARAAX	0.60	0.02	0.00	-0.02	0.00	0.00	0.92	-1.34	4.10
ACEVX	0.69	0.20	0.18	0.30	0.83	-0.72	1.29	-1.83	7.28
BTT	0.28	0.01	0.14	-0.21	0.35	-0.29	0.62	-0.71	1.65

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