T Rowe Correlations

RPGIX Fund

USD 23.84 0.01 0.04%

The current 90-days correlation between T Rowe Price and T Rowe Price is 0.9 (i.e., Almost no 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 -0.16 (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.

Check out Your Equity Center 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 various price indices.

Moving together with RPGIX Mutual Fund

0.86	VINAX	Vanguard Industrials	Pair Corr
0.88	FSDAX	Defense And Aerospace	Pair Corr
0.97	FSLEX	Environment And Alte	Pair Corr
0.84	GCAVX	Gmo Small Cap	Pair Corr
0.97	GQLOX	Gmo Quality Fund	Pair Corr
0.89	GHVIX	Gmo High Yield	Pair Corr
0.95	GMCQX	Gmo Equity Allocation	Pair Corr
0.84	PVFAX	Paradigm Value	Pair Corr
0.96	FAUTX	American Funds 2040	Pair Corr
0.94	PQTNX	Pimco Trends Managed	Pair Corr
0.92	GVIYX	Guidestone Value Equity	Pair Corr
0.97	BSPIX	Blackrock Sp 500	Pair Corr
0.96	RYATX	Nasdaq 100 Fund	Pair Corr
0.95	POSKX	Primecap Odyssey Stock	Pair Corr
0.91	DFIEX	International E Equity	Pair Corr
0.78	CSFAX	Cohen Steers Global	Pair Corr
0.81	DOXIX	Dodge Cox Income	Pair Corr

Related Correlations Analysis

	TQGEX	PGUCX	PGIUX	BVAOX	FLRUX	WSBFX	FFOX	NCBVX	WELNX	FTGWX
TQGEX		0.57	0.58	-0.06	0.96	0.98	0.9	0.9	0.96	0.97	TQGEX
PGUCX	0.57		1.0	-0.2	0.58	0.6	0.29	0.37	0.64	0.71	PGUCX
PGIUX	0.58	1.0		-0.2	0.59	0.61	0.3	0.38	0.65	0.72	PGIUX
BVAOX	-0.06	-0.2	-0.2		-0.15	-0.03	0.11	0.19	-0.08	-0.11	BVAOX
FLRUX	0.96	0.58	0.59	-0.15		0.98	0.89	0.86	0.95	0.96	FLRUX
WSBFX	0.98	0.6	0.61	-0.03	0.98		0.9	0.89	0.96	0.98	WSBFX
FFOX	0.9	0.29	0.3	0.11	0.89	0.9		0.97	0.81	0.82	FFOX
NCBVX	0.9	0.37	0.38	0.19	0.86	0.89	0.97		0.81	0.83	NCBVX
WELNX	0.96	0.64	0.65	-0.08	0.95	0.96	0.81	0.81		0.97	WELNX
FTGWX	0.97	0.71	0.72	-0.11	0.96	0.98	0.82	0.83	0.97		FTGWX
	TQGEX	PGUCX	PGIUX	BVAOX	FLRUX	WSBFX	FFOX	NCBVX	WELNX	FTGWX

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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

PGIUX	+ 1.0	PGUCX
WSBFX	+ 0.98	TQGEX
WSBFX	+ 0.98	FLRUX
FTGWX	+ 0.98	WSBFX
FTGWX	+ 0.97	TQGEX
NCBVX	+ 0.97	FFOX

High negative correlations

BVAOX	- 0.2	PGIUX
BVAOX	- 0.2	PGUCX
FLRUX	- 0.15	BVAOX
FTGWX	- 0.11	BVAOX
WELNX	- 0.08	BVAOX
BVAOX	- 0.06	TQGEX

Risk-Adjusted Indicators

There is a big difference between RPGIX 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
TQGEX	0.43	0.09	0.04	(0.36)	0.52	(0.48)	1.24	(0.58)	3.91
PGUCX	0.42	0.06	0.02	(0.48)	0.40	(0.48)	0.93	(0.86)	2.59
PGIUX	0.41	0.07	0.02	(0.48)	0.40	(0.48)	0.99	(0.86)	2.60
BVAOX	0.89	(0.03)	0.00	0.16	0.00	0.00	2.19	(1.71)	6.28
FLRUX	0.21	0.06	0.03	(0.48)	0.00	(0.28)	0.50	(0.33)	1.42
WSBFX	0.33	0.08	0.05	(0.37)	0.24	(0.38)	0.85	(0.52)	2.39
FFOX	0.69	0.09	0.03	(0.21)	0.74	(0.83)	1.74	(1.23)	5.61
NCBVX	0.58	0.07	0.01	(0.34)	0.62	(0.72)	1.58	(0.92)	4.84
WELNX	0.66	0.13	0.08	0.58	0.80	(0.75)	1.56	(1.26)	5.58
FTGWX	0.33	0.08	0.06	(0.46)	0.29	(0.37)	0.76	(0.53)	2.78

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