T Rowe Correlations

TFHAX Fund

USD 9.78 0.01 0.10%

The current 90-days correlation between T Rowe Price and Aqr Risk Balanced Modities is -0.09 (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

Significant diversification

The correlation between T Rowe Price and DJI is 0.09 (i.e., Significant 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 World Market Map 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 nation.

Moving together with TFHAX Mutual Fund

0.87	RPELX	T Rowe Price	Pair Corr
0.81	RRIGX	T Rowe Price	Pair Corr
0.68	PRAFX	T Rowe Price	Pair Corr
0.72	PRIJX	T Rowe Price	Pair Corr
0.95	PRSAX	T Rowe Price	Pair Corr
0.82	PRULX	Us Treasury Long	Pair Corr
0.64	TRAOX	T Rowe Price	Pair Corr
0.9	PATFX	T Rowe Price	Pair Corr
0.87	NHMAX	Nuveen High Yield	Pair Corr
0.9	NHCCX	Nuveen High Yield	Pair Corr
0.92	NHMRX	Nuveen High Yield	Pair Corr
0.87	NHMFX	Nuveen High Yield	Pair Corr
0.95	ABHFX	American High Income	Pair Corr
0.9	AHICX	American High Income	Pair Corr
0.92	AMHIX	American High Income	Pair Corr
0.91	GHYCX	Goldman Sachs High	Pair Corr
0.92	GHYAX	Goldman Sachs High	Pair Corr
0.93	ACTDX	Invesco High Yield	Pair Corr
0.92	LIIAX	Columbia Porate Income	Pair Corr
0.93	SRINX	Columbia Porate Income	Pair Corr
0.86	JTOIX	Multimanager Lifestyle	Pair Corr
0.84	PUGCX	Putnam Global Equity	Pair Corr
0.93	MSPHX	Massmutual Select Total	Pair Corr

Moving against TFHAX Mutual Fund

0.34	TQAAX	T Rowe Price	Pair Corr
0.43	TRZIX	T Rowe Price	Pair Corr

Related Correlations Analysis

	ARCIX	CWFIX	AGDAX	PHDTX	MAHIX	ATPAX	SGYAX
ARCIX		0.83	0.7	0.71	0.78	0.69	0.81	ARCIX
CWFIX	0.83		0.9	0.94	0.97	0.87	0.94	CWFIX
AGDAX	0.7	0.9		0.97	0.92	0.96	0.93	AGDAX
PHDTX	0.71	0.94	0.97		0.95	0.92	0.91	PHDTX
MAHIX	0.78	0.97	0.92	0.95		0.84	0.93	MAHIX
ATPAX	0.69	0.87	0.96	0.92	0.84		0.9	ATPAX
SGYAX	0.81	0.94	0.93	0.91	0.93	0.9		SGYAX
	ARCIX	CWFIX	AGDAX	PHDTX	MAHIX	ATPAX	SGYAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between TFHAX 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
ARCIX	0.57	0.09	0.20	(1.88)	0.66	(0.61)	1.22	(1.24)	4.94
CWFIX	0.08	0.01	0.64	0.15	0.00	(0.12)	0.11	(0.11)	0.53
AGDAX	0.13	(0.01)	0.32	0.23	0.13	(0.25)	0.44	(0.29)	1.01
PHDTX	0.11	0.00	0.33	(0.16)	0.10	(0.15)	0.22	(0.23)	0.79
MAHIX	0.11	0.01	0.44	0.03	0.05	(0.14)	0.20	(0.20)	0.81
ATPAX	0.12	(0.01)	0.28	0.23	0.14	(0.23)	0.37	(0.25)	1.12
SGYAX	0.16	0.01	0.31	0.03	0.13	(0.27)	0.56	(0.28)	1.57

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