T Rowe Price Fund Market Value

PMEGX Fund  USD 61.64  0.49  0.80%   
T Rowe's market value is the price at which a share of T Rowe trades on a public exchange. It measures the collective expectations of T Rowe Price investors about its performance. T Rowe is trading at 61.64 as of the 25th of December 2024; that is 0.80 percent increase since the beginning of the trading day. The fund's open price was 61.15.
With this module, you can estimate the performance of a buy and hold strategy of T Rowe Price and determine expected loss or profit from investing in T Rowe over a given investment horizon. Check out T Rowe Correlation, T Rowe Volatility and T Rowe Alpha and Beta module to complement your research on T Rowe.
Symbol

Please note, there is a significant difference between T Rowe's value and its price as these two are different measures arrived at by different means. Investors typically determine if T Rowe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, T Rowe's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

T Rowe 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to T Rowe's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of T Rowe.
0.00
06/28/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/25/2024
0.00
If you would invest  0.00  in T Rowe on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding T Rowe Price or generate 0.0% return on investment in T Rowe over 180 days. T Rowe is related to or competes with T Rowe, Europacific Growth, Vanguard Extended, T Rowe, and T Rowe. The fund normally invests at least 80 percent of its net assets in a diversified portfolio of common stocks of mid-cap c... More

T Rowe Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure T Rowe's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess T Rowe Price upside and downside potential and time the market with a certain degree of confidence.

T Rowe Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for T Rowe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as T Rowe's standard deviation. In reality, there are many statistical measures that can use T Rowe historical prices to predict the future T Rowe's volatility.
Hype
Prediction
LowEstimatedHigh
59.5661.6463.72
Details
Intrinsic
Valuation
LowRealHigh
58.6460.7262.80
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as T Rowe. Your research has to be compared to or analyzed against T Rowe's peers to derive any actionable benefits. When done correctly, T Rowe's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in T Rowe Price.

T Rowe Price Backtested Returns

T Rowe Price owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0746, which indicates the fund had a -0.0746% return per unit of standard deviation over the last 3 months. T Rowe Price exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate T Rowe's Standard Deviation of 2.05, market risk adjusted performance of (0.08), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 1.71, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, T Rowe will likely underperform.

Auto-correlation

    
  -0.15  

Insignificant reverse predictability

T Rowe Price has insignificant reverse predictability. Overlapping area represents the amount of predictability between T Rowe time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of T Rowe Price price movement. The serial correlation of -0.15 indicates that less than 15.0% of current T Rowe price fluctuation can be explain by its past prices.
Correlation Coefficient-0.15
Spearman Rank Test0.5
Residual Average0.0
Price Variance9.13

T Rowe Price lagged returns against current returns

Autocorrelation, which is T Rowe mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting T Rowe's mutual fund expected returns. We can calculate the autocorrelation of T Rowe returns to help us make a trade decision. For example, suppose you find that T Rowe has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

T Rowe regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If T Rowe mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if T Rowe mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in T Rowe mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

T Rowe Lagged Returns

When evaluating T Rowe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of T Rowe mutual fund have on its future price. T Rowe autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, T Rowe autocorrelation shows the relationship between T Rowe mutual fund current value and its past values and can show if there is a momentum factor associated with investing in T Rowe Price.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in PMEGX Mutual Fund

T Rowe financial ratios help investors to determine whether PMEGX Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PMEGX with respect to the benefits of owning T Rowe security.
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