T Rowe Correlations

PRUIX Fund

USD 149.31 0.30 0.20%

The current 90-days correlation between T Rowe Price and T Rowe Price is 0.91 (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

Good diversification

The correlation between T Rowe Price and DJI is -0.1 (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 gross domestic product.

Moving together with PRUIX Mutual Fund

0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
1.0	VITSX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
0.99	VINIX	Vanguard Institutional	Pair Corr
0.99	VIIIX	Vanguard Institutional	Pair Corr
0.9	CISGX	Touchstone Sands Capital	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.79	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.66	WMT	Walmart	Pair Corr
0.82	AXP	American Express	Pair Corr

Moving against PRUIX Mutual Fund

0.4	UGPIX	Ultrachina Profund	Pair Corr
0.4	UGPSX	Ultrachina Profund	Pair Corr
0.51	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	TRAIX	RPTIX	THISX	RIBEX	REIPX
TRAIX		0.56	0.82	0.92	0.76	TRAIX
RPTIX	0.56		0.44	0.55	0.27	RPTIX
THISX	0.82	0.44		0.77	0.72	THISX
RIBEX	0.92	0.55	0.77		0.6	RIBEX
REIPX	0.76	0.27	0.72	0.6		REIPX
	TRAIX	RPTIX	THISX	RIBEX	REIPX

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Risk-Adjusted Indicators

There is a big difference between PRUIX 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
TRAIX	0.43	(0.01)	0.12	0.03	0.54	(0.44)	0.95	(0.90)	2.36
RPTIX	0.93	(0.23)	0.00	(0.34)	0.00	0.00	1.38	(2.06)	9.29
THISX	0.73	0.06	0.10	0.02	0.81	(0.85)	1.46	(1.19)	4.69
RIBEX	0.73	(0.04)	0.00	0.35	0.00	0.00	1.31	(1.43)	4.01
REIPX	0.58	0.07	0.19	(1.71)	0.63	(0.64)	1.17	(1.09)	3.37

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