T Rowe Correlations

PRCIX Fund

USD 8.00 0.01 0.13%

The current 90-days correlation between T Rowe Price and T Rowe Price is -0.06 (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

Average diversification

The correlation between T Rowe Price and DJI is 0.16 (i.e., Average 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 PRCIX Mutual Fund

1.0	VBTLX	Vanguard Total Bond	Pair Corr
1.0	VBMFX	Vanguard Total Bond	Pair Corr
0.93	VBTIX	Vanguard Total Bond	Pair Corr
0.89	VTBSX	Vanguard Total Bond	Pair Corr
0.93	VTBIX	Vanguard Total Bond	Pair Corr
0.93	VTBNX	Vanguard Total Bond	Pair Corr
0.93	FBOFX	American Funds	Pair Corr
0.93	FFBOX	American Funds	Pair Corr
0.93	BFAFX	Bond Fund	Pair Corr
0.93	ABNDX	Bond Fund	Pair Corr
0.83	UGPIX	Ultrachina Profund	Pair Corr
0.83	UGPSX	Ultrachina Profund	Pair Corr
0.7	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.7	MCD	McDonalds	Pair Corr
0.81	VZ	Verizon Communications	Pair Corr

Moving against PRCIX Mutual Fund

0.52	CAT	Caterpillar	Pair Corr
0.38	CISGX	Touchstone Sands Capital	Pair Corr
0.54	AXP	American Express	Pair Corr
0.54	AA	Alcoa Corp	Pair Corr
0.48	BAC	Bank of America Aggressive Push	Pair Corr
0.44	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	PRWBX	PRHYX	RPIBX	OHYFX	WOBDX
PRWBX		0.82	0.73	0.72	0.61	PRWBX
PRHYX	0.82		0.62	0.87	0.61	PRHYX
RPIBX	0.73	0.62		0.7	0.86	RPIBX
OHYFX	0.72	0.87	0.7		0.84	OHYFX
WOBDX	0.61	0.61	0.86	0.84		WOBDX
	PRWBX	PRHYX	RPIBX	OHYFX	WOBDX

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Risk-Adjusted Indicators

There is a big difference between PRCIX 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
PRWBX	0.09	0.01	0.37	(0.33)	0.00	(0.25)	0.22	(0.22)	0.66
PRHYX	0.15	(0.01)	0.23	0.14	0.17	(0.27)	0.51	(0.34)	1.36
RPIBX	0.32	0.00	0.21	(0.14)	0.31	(0.45)	0.73	(0.59)	1.92
OHYFX	0.12	0.02	0.40	0.09	0.00	(0.21)	0.31	(0.16)	1.08
WOBDX	0.23	0.03	0.40	0.95	0.11	(0.29)	0.59	(0.39)	1.40

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