T Rowe Correlations
PRPIX Fund | USD 8.07 0.01 0.12% |
The current 90-days correlation between T Rowe Price and Flkypx is -0.06 (i.e., Good 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
Good diversification
The correlation between T Rowe Price and DJI is -0.08 (i.e., Good 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.
PRPIX |
Moving together with PRPIX Mutual Fund
0.91 | TECIX | T Rowe Price | PairCorr |
0.62 | PFFRX | T Rowe Price | PairCorr |
0.63 | TFAIX | T Rowe Price | PairCorr |
0.68 | TWRRX | Target 2030 Fund | PairCorr |
0.9 | TFHAX | T Rowe Price | PairCorr |
0.63 | TFIFX | T Rowe Price | PairCorr |
0.64 | TFRRX | Target 2005 Fund | PairCorr |
0.67 | PGMSX | T Rowe Price | PairCorr |
0.62 | PGTIX | T Rowe Price | PairCorr |
0.66 | RPGAX | T Rowe Price | PairCorr |
0.86 | RPELX | T Rowe Price | PairCorr |
0.86 | RPIDX | T Rowe Price | PairCorr |
0.67 | RPIFX | T Rowe Price | PairCorr |
0.61 | RPGIX | T Rowe Price | PairCorr |
0.66 | TGAFX | T Rowe Price | PairCorr |
0.69 | RPIHX | T Rowe Price | PairCorr |
0.86 | RPLCX | T Rowe Price | PairCorr |
0.69 | RPOIX | T Rowe Price | PairCorr |
0.64 | TGIPX | T Rowe Price | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between PRPIX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FLKYPX | 1.11 | 0.13 | 0.06 | 0.20 | 1.69 | 2.16 | 12.35 | |||
FLDFX | 0.62 | 0.06 | (0.02) | (2.38) | 0.99 | 1.37 | 5.98 | |||
FLAKQX | 1.07 | 0.09 | 0.04 | 0.17 | 1.75 | 1.96 | 12.35 | |||
FBANJX | 0.79 | 0.03 | 0.01 | 0.12 | 1.33 | 1.60 | 9.15 | |||
FFCGX | 0.88 | 0.07 | 0.04 | 0.16 | 1.47 | 2.06 | 10.64 | |||
TMVAX | 1.09 | 0.09 | 0.00 | (1.02) | 1.56 | 2.46 | 9.89 | |||
WMCANX | 0.80 | 0.12 | 0.02 | (1.85) | 1.32 | 1.61 | 8.60 |