T Rowe Correlations
| TRROX Fund | USD 11.15 0.02 0.18% |
The current 90-days correlation between T Rowe Price and T Rowe Price is -0.29 (i.e., Very 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
Weak diversification
The correlation between T Rowe Price and DJI is 0.38 (i.e., 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.
TRROX |
Moving together with TRROX Mutual Fund
| 0.65 | TEUIX | T Rowe Price | PairCorr |
| 0.89 | TWRRX | Target 2030 Fund | PairCorr |
| 0.61 | TFIFX | T Rowe Price | PairCorr |
| 0.78 | PGLOX | T Rowe Price | PairCorr |
| 0.98 | TFRRX | Target 2005 Fund | PairCorr |
| 0.73 | RPFDX | T Rowe Price | PairCorr |
| 0.76 | RPGAX | T Rowe Price | PairCorr |
| 0.75 | TGAFX | T Rowe Price | PairCorr |
| 0.7 | RPGRX | T Rowe Price | PairCorr |
| 0.63 | RPIHX | T Rowe Price | PairCorr |
| 0.65 | RPLCX | T Rowe Price | PairCorr |
| 0.62 | TGIPX | T Rowe Price | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between TRROX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRRTX | 0.40 | (0.04) | 0.00 | 0.48 | 0.00 | 0.53 | 8.18 | |||
| TRRUX | 0.41 | (0.05) | 0.00 | 0.51 | 0.00 | 0.58 | 8.63 | |||
| TRRWX | 0.47 | (0.06) | 0.00 | 0.52 | 0.00 | 0.70 | 6.84 | |||
| TRARX | 0.37 | (0.02) | 0.00 | 0.16 | 0.00 | 0.53 | 7.12 | |||
| RPTFX | 0.62 | (0.07) | 0.00 | 0.41 | 0.00 | 1.29 | 3.73 |