T Rowe Correlations
TSNIX Fund | USD 45.18 0.28 0.62% |
The current 90-days correlation between T Rowe Price and T Rowe Price is 0.89 (i.e., Very poor 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 -0.03 (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.
TSNIX |
Moving together with TSNIX Mutual Fund
0.66 | VITAX | Vanguard Information | PairCorr |
0.84 | FSELX | Fidelity Select Semi | PairCorr |
0.88 | SLMCX | Columbia Seligman | PairCorr |
0.99 | SCICX | Columbia Seligman | PairCorr |
0.69 | WSTRX | Ivy Science And | PairCorr |
0.69 | WSTCX | Ivy Science And | PairCorr |
0.97 | ASG | Liberty All Star | PairCorr |
0.67 | IIF | Morgan Stanley India | PairCorr |
0.85 | CII | Blackrock Enhanced | PairCorr |
0.71 | IFN | India Closed Normal Trading | PairCorr |
0.68 | ETV | Eaton Vance Tax | PairCorr |
0.77 | CLM | Cornerstone Strategic | PairCorr |
0.76 | CRF | Cornerstone Strategic | PairCorr |
0.84 | USA | Liberty All Star | PairCorr |
0.69 | NFJ | Virtus Dividend Interest | PairCorr |
0.7 | BA | Boeing | PairCorr |
0.77 | AXP | American Express | PairCorr |
Moving against TSNIX Mutual Fund
0.66 | TRV | The Travelers Companies | PairCorr |
0.56 | PG | Procter Gamble | PairCorr |
0.54 | JNJ | Johnson Johnson | PairCorr |
0.54 | KO | Coca Cola | PairCorr |
0.49 | T | ATT Inc Earnings Call This Week | PairCorr |
0.37 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
Related Correlations Analysis
0.75 | 0.62 | 0.76 | 0.62 | TTMIX | ||
0.75 | 0.39 | 0.54 | 0.71 | THISX | ||
0.62 | 0.39 | 0.63 | 0.59 | PGTIX | ||
0.76 | 0.54 | 0.63 | 0.41 | PRJIX | ||
0.62 | 0.71 | 0.59 | 0.41 | TFIFX | ||
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Risk-Adjusted Indicators
There is a big difference between TSNIX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TTMIX | 1.02 | (0.08) | 0.00 | 0.45 | 0.00 | 1.69 | 5.81 | |||
THISX | 0.73 | 0.06 | 0.10 | 0.02 | 0.81 | 1.46 | 4.69 | |||
PGTIX | 1.37 | (0.05) | 0.00 | (0.12) | 0.00 | 2.32 | 8.02 | |||
PRJIX | 0.98 | (0.18) | 0.00 | 0.98 | 0.00 | 1.69 | 5.25 | |||
TFIFX | 0.95 | (0.06) | 0.00 | (0.13) | 0.00 | 1.50 | 6.71 |