T Rowe Correlations

TRFHX Fund

26.12 0.15 0.58%

The current 90-days correlation between T Rowe Price and American High Income Municipal is -0.06 (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 -0.06 (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 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 rate.

Moving together with TRFHX Mutual Fund

0.95	VTHRX	Vanguard Target Reti	Pair Corr
0.96	AAETX	American Funds 2030	Pair Corr
0.86	CCETX	American Funds 2030	Pair Corr
0.95	FAETX	American Funds 2030	Pair Corr
0.98	FSNQX	Fidelity Freedom 2030	Pair Corr
0.98	FFFEX	Fidelity Freedom 2030	Pair Corr
0.97	FGTKX	Fidelity Freedom 2030	Pair Corr
1.0	RRTCX	T Rowe Price	Pair Corr
0.64	CII	Blackrock Enhanced	Pair Corr
0.62	USA	Liberty All Star	Pair Corr
0.81	ETY	Eaton Vance Tax	Pair Corr
0.67	NFJ	Virtus Dividend Interest	Pair Corr
0.92	IGFAX	Vy Morgan Stanley	Pair Corr
0.7	MCTAX	Massmutual Retiresmart	Pair Corr
0.96	FCFWX	American Funds Retirement	Pair Corr
0.95	JAAAX	Alternative Asset	Pair Corr
0.74	PDSYX	Principal Diversified	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.8	JPM	JPMorgan Chase	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.66	DD	Dupont De Nemours	Pair Corr

Moving against TRFHX Mutual Fund

0.35	IIF	Morgan Stanley India	Pair Corr
0.7	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	AMHIX	SSAGX	ATOAX	GCMVX	GSOIX	DCCGX
AMHIX		0.71	0.8	0.95	0.85	0.85	AMHIX
SSAGX	0.71		0.61	0.73	0.59	0.59	SSAGX
ATOAX	0.8	0.61		0.75	0.81	0.77	ATOAX
GCMVX	0.95	0.73	0.75		0.9	0.91	GCMVX
GSOIX	0.85	0.59	0.81	0.9		0.98	GSOIX
DCCGX	0.85	0.59	0.77	0.91	0.98		DCCGX
	AMHIX	SSAGX	ATOAX	GCMVX	GSOIX	DCCGX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between TRFHX 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
AMHIX	0.18	0.01	0.29	0.20	0.18	(0.21)	0.46	(0.46)	1.12
SSAGX	0.06	0.01	0.78	(0.91)	0.00	(0.16)	0.10	(0.10)	0.51
ATOAX	0.02	0.00	0.00	(0.39)	0.00	0.00	0.20	0.00	0.30
GCMVX	0.09	0.00	0.45	0.47	0.00	(0.14)	0.20	(0.20)	0.60
GSOIX	0.23	0.04	0.39	0.96	0.11	(0.29)	0.62	(0.39)	1.42
DCCGX	0.19	0.02	0.44	0.54	0.05	(0.26)	0.41	(0.33)	1.23

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