T Rowe Correlations

PGTIX Fund

USD 21.12 0.19 0.91%

The current 90-days correlation between T Rowe Price and Small Pany Growth is 0.63 (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

Weak diversification

The correlation between T Rowe Price and DJI is 0.32 (i.e., 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

0.67

APP

Applovin Corp

Pair Corr

Moving against PGTIX Mutual Fund

0.4	VISL	Vislink Technologies	Pair Corr
0.37	FEBO	Fenbo Holdings	Pair Corr
0.34	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.33	GLE	Global Engine Group	Pair Corr
0.35	CXAIW	CXApp Inc	Pair Corr
0.32	TGL	Treasure Global	Pair Corr
0.31	LYT	Lytus Technologies	Pair Corr

Related Correlations Analysis

	MSSGX	LANIX	JTGIX	TEGCX	CIGYX	OLGCX	MGHRX	HNCAX
MSSGX		0.29	0.49	0.35	0.55	0.77	0.81	0.47	MSSGX
LANIX	0.29		0.73	0.68	0.49	0.52	0.2	0.24	LANIX
JTGIX	0.49	0.73		0.88	0.86	0.76	0.61	0.55	JTGIX
TEGCX	0.35	0.68	0.88		0.69	0.58	0.55	0.56	TEGCX
CIGYX	0.55	0.49	0.86	0.69		0.77	0.75	0.79	CIGYX
OLGCX	0.77	0.52	0.76	0.58	0.77		0.72	0.5	OLGCX
MGHRX	0.81	0.2	0.61	0.55	0.75	0.72		0.77	MGHRX
HNCAX	0.47	0.24	0.55	0.56	0.79	0.5	0.77		HNCAX
	MSSGX	LANIX	JTGIX	TEGCX	CIGYX	OLGCX	MGHRX	HNCAX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSSGX	1.63	0.11	0.06	0.12	1.87	(1.92)	3.70	(2.85)	10.79
LANIX	0.60	(0.03)	0.00	0.68	0.00	0.00	0.94	(1.43)	5.07
JTGIX	0.44	0.00	(0.01)	0.00	0.65	(0.46)	0.79	(1.20)	2.99
TEGCX	0.67	(0.02)	0.00	(0.07)	0.00	0.00	1.54	(1.31)	3.82
CIGYX	0.61	0.05	0.06	0.13	0.71	(0.68)	1.29	(1.25)	3.56
OLGCX	0.85	(0.01)	(0.01)	(0.01)	1.22	(0.83)	1.64	(1.99)	5.32
MGHRX	1.40	0.10	0.05	0.16	1.84	(1.43)	2.88	(2.70)	9.19
HNCAX	0.69	0.12	0.12	(1.01)	0.81	(0.72)	1.46	(1.33)	4.27

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