T Rowe Correlations
TRUZX Fund | USD 55.94 0.68 1.23% |
The current 90-days correlation between T Rowe Price and Legg Mason Partners is 0.47 (i.e., Very weak 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 -0.1 (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.
TRUZX |
Moving together with TRUZX Mutual Fund
0.85 | TECIX | T Rowe Price | PairCorr |
0.89 | TEIMX | T Rowe Price | PairCorr |
0.94 | PFFRX | T Rowe Price | PairCorr |
0.99 | OTCFX | T Rowe Price | PairCorr |
0.81 | TFHAX | T Rowe Price | PairCorr |
0.93 | TFIFX | T Rowe Price | PairCorr |
0.97 | PGLOX | T Rowe Price | PairCorr |
0.9 | TFRRX | Target 2005 Fund | PairCorr |
0.77 | PGMSX | T Rowe Price | PairCorr |
0.98 | RPBAX | T Rowe Price | PairCorr |
0.98 | RPGAX | T Rowe Price | PairCorr |
0.65 | RPEIX | T Rowe Price | PairCorr |
0.93 | RPMGX | T Rowe Price | PairCorr |
Related Correlations Analysis
0.97 | 0.97 | 0.98 | 0.97 | 0.98 | 0.98 | QLMYIX | ||
0.97 | 1.0 | 0.99 | 1.0 | 0.98 | 0.98 | HAHFX | ||
0.97 | 1.0 | 0.99 | 1.0 | 0.98 | 0.98 | SGYAX | ||
0.98 | 0.99 | 0.99 | 0.99 | 0.98 | 0.98 | TRKZX | ||
0.97 | 1.0 | 1.0 | 0.99 | 0.98 | 0.98 | BHYRX | ||
0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.99 | CHBCX | ||
0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.99 | ARTFX | ||
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Risk-Adjusted Indicators
There is a big difference between TRUZX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
QLMYIX | 0.20 | 0.03 | (0.17) | 1.19 | 0.25 | 0.49 | 1.17 | |||
HAHFX | 0.20 | 0.04 | (0.16) | 0.42 | 0.11 | 0.60 | 1.36 | |||
SGYAX | 0.19 | 0.03 | (0.24) | 0.42 | 0.06 | 0.58 | 1.03 | |||
TRKZX | 0.19 | 0.05 | (0.15) | 0.89 | 0.00 | 0.50 | 1.22 | |||
BHYRX | 0.19 | 0.03 | (0.18) | 0.36 | 0.17 | 0.59 | 1.30 | |||
CHBCX | 0.18 | 0.03 | (0.31) | 1.98 | 0.15 | 0.50 | 0.94 | |||
ARTFX | 0.19 | 0.03 | (0.24) | 0.92 | 0.22 | 0.55 | 1.01 |