T Rowe Correlations

PGTIX Fund

USD 19.66 0.04 0.20%

The current 90-days correlation between T Rowe Price and Science Technology Fund is 0.96 (i.e., Almost no 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 0.54 (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.

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 gross domestic product.

Moving together with PGTIX Mutual Fund

0.65	VEEA	Veea Inc Symbol Change	Pair Corr
0.77	VISL	Vislink Technologies	Pair Corr
0.61	INGM	Ingram Micro Holding	Pair Corr
0.86	HPE-PC	Hewlett Packard Ente	Pair Corr
0.69	NOVA	Sunnova Energy Inter	Pair Corr
0.62	NXXT	NextNRG Symbol Change	Pair Corr
0.75	CORZZ	Core Scientific, Tranche	Pair Corr
0.69	SLNHP	Soluna Holdings Preferred	Pair Corr
0.81	PENG	Penguin Solutions, Symbol Change	Pair Corr

Moving against PGTIX Mutual Fund

0.5	EMKR	EMCORE	Pair Corr
0.45	HCP	Hashicorp	Pair Corr
0.6	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.55	INFN	Infinera	Pair Corr
0.53	MTTR	Matterport	Pair Corr
0.43	HPAIW	Helport AI Limited	Pair Corr
0.38	LGTY	Logility Supply Chain Symbol Change	Pair Corr

Related Correlations Analysis

	USTCX	VITAX	GISTX	PGKCX	DTEYX	HTECX
USTCX		0.96	0.98	0.97	0.96	0.95	USTCX
VITAX	0.96		0.92	0.97	0.9	0.87	VITAX
GISTX	0.98	0.92		0.92	0.99	0.97	GISTX
PGKCX	0.97	0.97	0.92		0.9	0.89	PGKCX
DTEYX	0.96	0.9	0.99	0.9		0.98	DTEYX
HTECX	0.95	0.87	0.97	0.89	0.98		HTECX
	USTCX	VITAX	GISTX	PGKCX	DTEYX	HTECX

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Risk-Adjusted Indicators

There is a big difference between PGTIX 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
USTCX	1.38	(0.13)	(0.19)	2.11	(3.95)	7.33
VITAX	1.34	(0.10)	(0.16)	2.01	(3.34)	7.62
GISTX	1.30	(0.16)	(0.23)	1.77	(3.92)	7.54
PGKCX	1.57	(0.18)	(0.23)	2.15	(4.19)	9.20
DTEYX	1.39	(0.07)	(0.14)	2.50	(3.77)	7.35
HTECX	1.12	(0.06)	(0.13)	1.51	(3.14)	5.92

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