T Rowe Correlations

TNIBX Fund

USD 8.48 0.01 0.12%

The current 90-days correlation between T Rowe Price and T Rowe Price is 0.25 (i.e., Modest 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

Average diversification

The correlation between T Rowe Price and DJI is 0.15 (i.e., Average 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 bureau of labor statistics.

Moving together with TNIBX Mutual Fund

0.73	VTIBX	Vanguard Total Inter	Pair Corr
0.78	VTILX	Vanguard Total Inter	Pair Corr
0.74	VTIFX	Vanguard Total Inter	Pair Corr
0.85	VTABX	Vanguard Total Inter	Pair Corr
0.86	PFOAX	Pimco Foreign Bond	Pair Corr
0.82	PFOCX	Pimco Foreign Bond	Pair Corr
0.88	PFONX	Pimco International Bond	Pair Corr
0.76	WARCX	Wells Fargo Advantage	Pair Corr
0.66	WMT	Walmart	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr

Moving against TNIBX Mutual Fund

0.6	PQTNX	Pimco Trends Managed	Pair Corr
0.59	PQTAX	Pimco Trends Managed	Pair Corr
0.59	PQTIX	Aa Pimco Tr	Pair Corr
0.39	AA	Alcoa Corp	Pair Corr
0.69	MRK	Merck Company	Pair Corr
0.37	MSFT	Microsoft	Pair Corr
0.36	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	RPIEX	TRBFX	PRAFX	TUHYX	PRULX
RPIEX		0.68	0.55	0.64	0.76	RPIEX
TRBFX	0.68		0.64	0.69	0.73	TRBFX
PRAFX	0.55	0.64		0.74	0.53	PRAFX
TUHYX	0.64	0.69	0.74		0.47	TUHYX
PRULX	0.76	0.73	0.53	0.47		PRULX
	RPIEX	TRBFX	PRAFX	TUHYX	PRULX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between TNIBX 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
RPIEX	0.13	0.02	0.45	4.14	0.00	(0.23)	0.26	(0.25)	0.77
TRBFX	0.12	0.01	0.32	(0.57)	0.00	(0.25)	0.22	(0.22)	0.85
PRAFX	0.74	0.00	0.07	(0.01)	0.97	(0.77)	1.45	(1.21)	3.93
TUHYX	0.14	0.01	0.39	1.55	0.06	(0.21)	0.47	(0.24)	1.20
PRULX	0.61	(0.03)	0.00	0.18	0.00	0.00	1.42	(1.12)	2.86

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC