T Rowe Correlations

PARKX Fund

USD 21.30 0.13 0.61%

The current 90-days correlation between T Rowe Price and T Rowe Price is 0.99 (i.e., No risk reduction). 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 -0.07 (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 signals in industry.

Moving together with PARKX Mutual Fund

0.98	VTTHX	Vanguard Target Reti	Pair Corr
0.84	AAFTX	American Funds 2035	Pair Corr
0.91	FAQTX	American Funds 2035	Pair Corr
0.83	CCFTX	American Funds 2035	Pair Corr
0.98	FFTHX	Fidelity Freedom 2035	Pair Corr
0.98	FWTKX	Fidelity Freedom 2035	Pair Corr
0.98	FSNUX	Fidelity Freedom 2035	Pair Corr
1.0	TRFJX	T Rowe Price	Pair Corr
0.99	FNIPX	Fidelity Freedom Index	Pair Corr
0.66	VSTSX	Vanguard Total Stock	Pair Corr
0.66	VSMPX	Vanguard Total Stock	Pair Corr
0.66	VITSX	Vanguard Total Stock	Pair Corr
0.68	VFFSX	Vanguard 500 Index	Pair Corr
0.64	VFIAX	Vanguard 500 Index	Pair Corr
0.65	VINIX	Vanguard Institutional	Pair Corr
0.63	VTSAX	Vanguard Total Stock	Pair Corr
0.9	MRDVX	Blackrock Eq Dividend	Pair Corr
0.72	MNCIX	Pro-blend(r) Conservative	Pair Corr
0.61	TIDDX	T Rowe Price	Pair Corr
0.63	CITEX	American High Income	Pair Corr
0.61	ALEFX	Alps/alerian Energy	Pair Corr
0.89	IGFAX	Vy Morgan Stanley	Pair Corr
0.82	BACPX	Blackrock Conservative	Pair Corr

Moving against PARKX Mutual Fund

0.51	RYUHX	Inverse Sp 500	Pair Corr
0.75	ABQYX	Ab Intermediate Bond	Pair Corr

Related Correlations Analysis

	PARJX	PARLX	PARHX	PARCX	PAROX
PARJX		0.96	1.0	0.84	0.96	PARJX
PARLX	0.96		0.93	0.77	1.0	PARLX
PARHX	1.0	0.93		0.85	0.92	PARHX
PARCX	0.84	0.77	0.85		0.76	PARCX
PAROX	0.96	1.0	0.92	0.76		PAROX
	PARJX	PARLX	PARHX	PARCX	PAROX

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Risk-Adjusted Indicators

There is a big difference between PARKX 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
PARJX	0.38	0.01	0.17	(0.44)	0.46	(0.40)	0.78	(0.71)	2.23
PARLX	0.63	0.01	0.10	(0.21)	0.82	(0.64)	1.20	(1.32)	3.83
PARHX	0.33	0.02	0.20	(1.14)	0.38	(0.35)	0.70	(0.62)	1.90
PARCX	0.47	(0.01)	0.00	(0.09)	0.00	0.00	0.90	(0.96)	2.55
PAROX	0.64	0.01	0.10	(0.21)	0.86	(0.63)	1.25	(1.33)	4.00

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