T Rowe Correlations
RRTMX Fund | USD 12.56 0.06 0.48% |
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
Poor diversification
The correlation between T Rowe Price and DJI is 0.69 (i.e., Poor 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.
RRTMX |
Moving together with RRTMX Mutual Fund
0.87 | TWRRX | Target 2030 Fund | PairCorr |
0.62 | TFBIX | Maryland Tax Free | PairCorr |
0.69 | TFBVX | Virginia Tax Free | PairCorr |
0.82 | TFIFX | T Rowe Price | PairCorr |
0.87 | PGLOX | T Rowe Price | PairCorr |
0.75 | TFRRX | Target 2005 Fund | PairCorr |
0.81 | RPBAX | T Rowe Price | PairCorr |
0.93 | RPFDX | T Rowe Price | PairCorr |
0.88 | RPGAX | T Rowe Price | PairCorr |
0.74 | RPGIX | T Rowe Price | PairCorr |
0.64 | RPGEX | T Rowe Price | PairCorr |
0.87 | TGAFX | T Rowe Price | PairCorr |
0.87 | RPGRX | T Rowe Price | PairCorr |
0.65 | RPLCX | T Rowe Price | PairCorr |
0.69 | PHEIX | T Rowe Price | PairCorr |
0.89 | TGIPX | T Rowe Price | PairCorr |
Related Correlations Analysis
0.95 | 0.95 | 0.93 | 0.96 | 0.78 | 0.86 | CRANX | ||
0.95 | 0.98 | 0.97 | 0.95 | 0.9 | 0.91 | ANBIX | ||
0.95 | 0.98 | 0.96 | 0.95 | 0.88 | 0.9 | PACEX | ||
0.93 | 0.97 | 0.96 | 0.99 | 0.86 | 0.88 | TTRBX | ||
0.96 | 0.95 | 0.95 | 0.99 | 0.8 | 0.87 | CSBCX | ||
0.78 | 0.9 | 0.88 | 0.86 | 0.8 | 0.82 | SUSAX | ||
0.86 | 0.91 | 0.9 | 0.88 | 0.87 | 0.82 | ELBIX | ||
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Risk-Adjusted Indicators
There is a big difference between RRTMX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CRANX | 0.19 | 0.00 | 0.36 | 0.00 | 0.19 | 0.43 | 1.08 | |||
ANBIX | 0.15 | 0.01 | 0.47 | (0.38) | 0.10 | 0.38 | 0.98 | |||
PACEX | 0.12 | 0.00 | 0.59 | (0.27) | 0.00 | 0.33 | 0.76 | |||
TTRBX | 0.16 | 0.00 | 0.48 | 0.05 | 0.13 | 0.40 | 0.82 | |||
CSBCX | 0.23 | 0.00 | 0.32 | (0.03) | 0.25 | 0.49 | 1.42 | |||
SUSAX | 0.06 | 0.00 | 0.97 | (0.29) | 0.00 | 0.10 | 0.51 | |||
ELBIX | 0.33 | 0.05 | 0.32 | 0.31 | 0.27 | 0.64 | 1.73 |