T Rowe Correlations
| TIDDX Fund | USD 73.41 0.51 0.69% |
The current 90-days correlation between T Rowe Price and Bridge Builder Smallmid is -0.04 (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
Very weak diversification
The correlation between T Rowe Price and DJI is 0.59 (i.e., Very weak 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.
TIDDX |
Moving together with TIDDX Mutual Fund
| 0.84 | PEXMX | T Rowe Price | PairCorr |
| 0.73 | TEUIX | T Rowe Price | PairCorr |
| 0.78 | OTIIX | T Rowe Price | PairCorr |
| 0.75 | RPMGX | T Rowe Price | PairCorr |
Related Correlations Analysis
| 0.84 | 0.45 | 0.67 | 0.52 | BBGSX | ||
| 0.84 | 0.51 | 0.52 | 0.53 | BBGLX | ||
| 0.45 | 0.51 | 0.23 | 0.93 | PRVIX | ||
| 0.67 | 0.52 | 0.23 | 0.21 | BBVSX | ||
| 0.52 | 0.53 | 0.93 | 0.21 | RPTIX | ||
Risk-Adjusted Indicators
There is a big difference between TIDDX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBGSX | 0.84 | 0.02 | (0.04) | (1.00) | 1.12 | 1.72 | 4.80 | |||
| BBGLX | 0.62 | 0.01 | (0.05) | 0.21 | 1.02 | 1.38 | 3.90 | |||
| PRVIX | 0.96 | (0.15) | 0.00 | (0.14) | 0.00 | 1.77 | 12.51 | |||
| BBVSX | 0.71 | 0.04 | (0.04) | 4.17 | 0.90 | 1.70 | 4.01 | |||
| RPTIX | 0.72 | (0.12) | 0.00 | (0.11) | 0.00 | 1.17 | 7.14 |