T Rowe Correlations

PZHEX Fund

12.26 0.08 0.66%

The current 90-days correlation between T Rowe Price and Pnc Emerging Markets is -0.05 (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

Good diversification

The correlation between T Rowe Price and DJI is -0.07 (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 income.

Moving together with PZHEX Mutual Fund

0.94	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.95	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.95	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.99	GTENX	Gateway Fund Class	Pair Corr
0.98	GTECX	Gateway Fund Class	Pair Corr
0.99	GTEYX	Gateway Fund Class	Pair Corr
0.99	GATEX	Gateway Fund Class	Pair Corr
0.99	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.98	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.98	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.84	JPM	JPMorgan Chase	Pair Corr
0.71	WMT	Walmart	Pair Corr

Moving against PZHEX Mutual Fund

0.46	TRV	The Travelers Companies	Pair Corr
0.44	VZ	Verizon Communications Aggressive Push	Pair Corr
0.41	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	PIEFX	FEMDX	BXDCX	TSEMX	MWUIX	SEDAX	EICVX
PIEFX		0.81	0.7	0.76	0.73	0.86	0.78	PIEFX
FEMDX	0.81		0.85	0.65	0.85	0.95	0.92	FEMDX
BXDCX	0.7	0.85		0.32	0.98	0.89	0.81	BXDCX
TSEMX	0.76	0.65	0.32		0.36	0.64	0.59	TSEMX
MWUIX	0.73	0.85	0.98	0.36		0.9	0.79	MWUIX
SEDAX	0.86	0.95	0.89	0.64	0.9		0.92	SEDAX
EICVX	0.78	0.92	0.81	0.59	0.79	0.92		EICVX
	PIEFX	FEMDX	BXDCX	TSEMX	MWUIX	SEDAX	EICVX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between PZHEX 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
PIEFX	0.96	0.13	0.13	0.19	1.22	(0.99)	2.06	(2.04)	6.94
FEMDX	0.15	0.02	0.43	0.81	0.05	(0.20)	0.42	(0.26)	1.11
BXDCX	0.08	0.01	0.68	(0.25)	0.00	(0.15)	0.22	(0.11)	0.54
TSEMX	0.86	0.00	0.06	0.02	1.09	(0.90)	1.63	(1.38)	5.97
MWUIX	0.08	0.01	0.31	(0.69)	0.00	(0.30)	0.24	(0.24)	0.73
SEDAX	0.25	0.03	0.29	0.29	0.20	(0.33)	0.59	(0.36)	1.19
EICVX	0.59	0.09	0.15	0.10	0.73	(0.61)	1.21	(1.42)	2.93

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