T Rowe Correlations
| RPGIX Fund | USD 20.51 0.05 0.24% |
The current 90-days correlation between T Rowe Price and T Rowe Price is 0.68 (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
Very weak diversification
The correlation between T Rowe Price and DJI is 0.49 (i.e., Very 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.
RPGIX |
Moving together with RPGIX Mutual Fund
| 0.63 | R | Ryder System | PairCorr |
| 0.81 | BR | Broadridge Financial | PairCorr |
| 0.75 | CP | Canadian Pacific Railway | PairCorr |
| 0.8 | DE | Deere Company | PairCorr |
| 0.64 | GE | GE Aerospace | PairCorr |
| 0.77 | HI | Hillenbrand | PairCorr |
| 0.7 | LZ | LegalZoom | PairCorr |
| 0.72 | MG | Mistras Group Earnings Call This Week | PairCorr |
| 0.71 | PH | Parker Hannifin | PairCorr |
Related Correlations Analysis
| 0.85 | 0.69 | 0.54 | 0.79 | PGLOX | ||
| 0.85 | 0.64 | 0.67 | 0.61 | RPGEX | ||
| 0.69 | 0.64 | 0.55 | 0.81 | TRAOX | ||
| 0.54 | 0.67 | 0.55 | 0.4 | PRISX | ||
| 0.79 | 0.61 | 0.81 | 0.4 | PRIJX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between RPGIX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PGLOX | 0.56 | 0.07 | 0.08 | 0.15 | 0.69 | 1.11 | 3.93 | |||
| RPGEX | 0.60 | (0.01) | 0.00 | (0.03) | 0.00 | 1.09 | 4.07 | |||
| TRAOX | 0.59 | 0.03 | 0.02 | 0.11 | 0.89 | 1.37 | 3.83 | |||
| PRISX | 0.79 | (0.16) | 0.00 | (0.31) | 0.00 | 1.36 | 7.14 | |||
| PRIJX | 0.61 | 0.08 | 0.10 | (0.46) | 0.64 | 1.36 | 3.23 |