Us Treasury Correlations

PRTIX Fund

USD 5.06 0.02 0.40%

The current 90-days correlation between Us Treasury Intermediate and Us Treasury Long Term is 0.01 (i.e., Significant diversification). The correlation of Us Treasury 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.

Us Treasury Correlation With Market

Significant diversification

The correlation between Us Treasury Intermediate and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Treasury Intermediate 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 Us Treasury Intermediate. 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 PRTIX Mutual Fund

0.75	TECIX	T Rowe Price	Pair Corr
0.69	TEIMX	T Rowe Price	Pair Corr
0.87	TEUIX	T Rowe Price	Pair Corr
0.62	TFBIX	Maryland Tax Free	Pair Corr
0.66	TFBVX	Virginia Tax Free	Pair Corr
0.7	TFHAX	T Rowe Price	Pair Corr
0.61	TFILX	T Rowe Price	Pair Corr
0.77	PGMSX	T Rowe Price	Pair Corr
0.85	RPELX	T Rowe Price	Pair Corr
0.93	RPIDX	T Rowe Price	Pair Corr
0.62	RPIFX	T Rowe Price	Pair Corr
0.8	RPIBX	T Rowe Price	Pair Corr
0.92	RPISX	T Rowe Price	Pair Corr
0.85	RPLCX	T Rowe Price	Pair Corr
0.78	RPOIX	T Rowe Price	Pair Corr

Moving against PRTIX Mutual Fund

0.71	PEXMX	T Rowe Price	Pair Corr
0.57	TEEFX	T Rowe Price	Pair Corr
0.44	OTCFX	T Rowe Price	Pair Corr
0.44	OTIIX	T Rowe Price	Pair Corr
0.58	PGTIX	T Rowe Price	Pair Corr
0.42	RPGEX	T Rowe Price	Pair Corr
0.4	TGBLX	T Rowe Price	Pair Corr
0.62	RRCOX	T Rowe Price	Pair Corr
0.59	RPTTX	T Rowe Price	Pair Corr
0.58	RRBGX	T Rowe Price	Pair Corr
0.57	RPMGX	T Rowe Price	Pair Corr
0.57	RPTIX	T Rowe Price	Pair Corr
0.49	PHEIX	T Rowe Price	Pair Corr

Related Correlations Analysis

	PRULX	PRGMX	PBDIX	PRPIX	PRIPX
PRULX		0.97	0.9	0.98	0.92	PRULX
PRGMX	0.97		0.84	0.99	0.97	PRGMX
PBDIX	0.9	0.84		0.87	0.8	PBDIX
PRPIX	0.98	0.99	0.87		0.97	PRPIX
PRIPX	0.92	0.97	0.8	0.97		PRIPX
	PRULX	PRGMX	PBDIX	PRPIX	PRIPX

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Risk-Adjusted Indicators

There is a big difference between PRTIX Mutual Fund performing well and Us Treasury 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 Us Treasury'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
PRULX	0.58	0.01	0.12	(0.11)	0.65	(0.63)	1.42	(1.12)	2.86
PRGMX	0.25	0.01	0.25	(0.26)	0.24	(0.28)	0.50	(0.49)	1.52
PBDIX	0.22	0.04	0.37	0.69	0.08	(0.28)	0.53	(0.32)	1.39
PRPIX	0.25	0.01	0.23	(0.15)	0.23	(0.31)	0.63	(0.50)	1.39
PRIPX	0.22	0.02	0.27	(0.36)	0.21	(0.25)	0.48	(0.50)	1.45

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