T Rowe Correlations
| THISX Fund | USD 77.59 0.27 0.35% |
The current 90-days correlation between T Rowe Price and Qs Global Equity is 0.79 (i.e., Poor 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
Very poor diversification
The correlation between T Rowe Price and DJI is 0.82 (i.e., Very poor 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.
THISX |
Moving together with THISX Mutual Fund
Related Correlations Analysis
| 0.99 | 1.0 | 0.99 | 0.99 | 0.98 | 0.99 | SMYIX | ||
| 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 1.0 | GMADX | ||
| 1.0 | 0.99 | 0.98 | 1.0 | 0.99 | 1.0 | AQGNX | ||
| 0.99 | 0.99 | 0.98 | 0.98 | 0.96 | 0.98 | CAEIX | ||
| 0.99 | 0.99 | 1.0 | 0.98 | 0.99 | 1.0 | JGECX | ||
| 0.98 | 0.99 | 0.99 | 0.96 | 0.99 | 0.99 | TEDIX | ||
| 0.99 | 1.0 | 1.0 | 0.98 | 1.0 | 0.99 | DODWX | ||
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Risk-Adjusted Indicators
There is a big difference between THISX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMYIX | 0.91 | 0.08 | 0.04 | 0.18 | 1.54 | 2.05 | 11.48 | |||
| GMADX | 0.80 | 0.08 | 0.03 | 0.20 | 1.38 | 1.78 | 8.63 | |||
| AQGNX | 1.04 | 0.05 | 0.03 | 0.14 | 2.04 | 2.23 | 13.92 | |||
| CAEIX | 0.95 | 0.21 | 0.11 | 0.37 | 1.25 | 1.88 | 9.01 | |||
| JGECX | 0.81 | 0.03 | 0.01 | 0.14 | 1.44 | 1.62 | 8.58 | |||
| TEDIX | 0.80 | 0.01 | (0.01) | 0.11 | 1.56 | 1.77 | 8.63 | |||
| DODWX | 0.81 | 0.05 | 0.02 | 0.17 | 1.40 | 1.86 | 7.78 |