T Rowe Correlations
| RPISX Fund | USD 7.30 0.01 0.14% |
The current 90-days correlation between T Rowe Price and T Rowe Price is 0.12 (i.e., Average 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.
RPISX |
Moving together with RPISX Mutual Fund
| 0.73 | FGBRX | Templeton Global Bond | PairCorr |
| 0.73 | FBNRX | Templeton Global Bond | PairCorr |
| 0.73 | RCWBX | Capital World Bond | PairCorr |
| 0.72 | RCWEX | Capital World Bond | PairCorr |
| 0.73 | RCWCX | Capital World Bond | PairCorr |
| 0.61 | PVFAX | Paradigm Value | PairCorr |
| 0.61 | CSFAX | Cohen Steers Global | PairCorr |
Related Correlations Analysis
| 1.0 | 0.97 | 0.97 | 1.0 | 1.0 | 1.0 | TBLBX | ||
| 1.0 | 0.97 | 0.97 | 1.0 | 1.0 | 1.0 | TBLSX | ||
| 0.97 | 0.97 | 0.95 | 0.96 | 0.97 | 0.96 | HRNRX | ||
| 0.97 | 0.97 | 0.95 | 0.97 | 0.97 | 0.97 | DRIWX | ||
| 1.0 | 1.0 | 0.96 | 0.97 | 1.0 | 1.0 | USCRX | ||
| 1.0 | 1.0 | 0.97 | 0.97 | 1.0 | 1.0 | SIRZX | ||
| 1.0 | 1.0 | 0.96 | 0.97 | 1.0 | 1.0 | TRRFX | ||
Risk-Adjusted Indicators
There is a big difference between RPISX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TBLBX | 0.23 | 0.06 | 0.01 | (0.42) | 0.06 | 0.58 | 1.98 | |||
| TBLSX | 0.25 | 0.06 | 0.01 | (0.36) | 0.14 | 0.67 | 2.16 | |||
| HRNRX | 1.01 | 0.31 | 0.22 | (1.36) | 0.85 | 2.92 | 6.15 | |||
| DRIWX | 0.28 | 0.07 | 0.05 | (0.38) | 0.00 | 0.65 | 1.80 | |||
| USCRX | 0.32 | 0.08 | 0.05 | (0.39) | 0.23 | 0.81 | 2.68 | |||
| SIRZX | 0.23 | 0.05 | (0.01) | (0.39) | 0.09 | 0.50 | 1.91 | |||
| TRRFX | 0.20 | 0.05 | (0.02) | (0.45) | 0.04 | 0.47 | 1.77 |