T Rowe Correlations
| TRRUX Fund | USD 12.08 0.03 0.25% |
The current 90-days correlation between T Rowe Price and T Rowe Price is 1.0 (i.e., No risk reduction). 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 -0.09 (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.
TRRUX |
Moving together with TRRUX Mutual Fund
| 0.75 | TWRRX | Target 2030 Fund | PairCorr |
| 0.79 | RPBAX | T Rowe Price | PairCorr |
| 0.68 | TGAFX | T Rowe Price | PairCorr |
| 0.9 | RPGRX | T Rowe Price | PairCorr |
| 0.7 | TGIPX | T Rowe Price | PairCorr |
Moving against TRRUX Mutual Fund
Related Correlations Analysis
| 0.98 | 0.98 | 0.87 | 0.92 | TRRVX | ||
| 0.98 | 0.97 | 0.95 | 0.98 | TRRWX | ||
| 0.98 | 0.97 | 0.88 | 0.93 | TRRTX | ||
| 0.87 | 0.95 | 0.88 | 0.99 | TRHRX | ||
| 0.92 | 0.98 | 0.93 | 0.99 | RPGRX | ||
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Risk-Adjusted Indicators
There is a big difference between TRRUX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRRVX | 0.43 | (0.06) | 0.00 | 0.54 | 0.00 | 0.68 | 8.17 | |||
| TRRWX | 0.47 | (0.06) | 0.00 | 0.52 | 0.00 | 0.70 | 6.84 | |||
| TRRTX | 0.40 | (0.04) | 0.00 | 0.48 | 0.00 | 0.53 | 8.18 | |||
| TRHRX | 0.57 | (0.06) | 0.00 | 0.41 | 0.00 | 1.10 | 4.30 | |||
| RPGRX | 0.52 | (0.06) | 0.00 | 0.41 | 0.00 | 0.97 | 5.37 |