T Rowe Price Fund Market Value
| TRUZX Fund | USD 54.57 0.45 0.82% |
| Symbol | TRUZX |
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.
| 06/19/2022 |
| 06/08/2024 |
If you would invest 0.00 in T Rowe on June 19, 2022 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 720 days. T Rowe is related to or competes with T Rowe, Europacific Growth, Vanguard Extended, T Rowe, and T Rowe. The fund invests primarily in a diversified group of small, emerging growth companies, preferably early in their corpora... 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.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 3.75 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.26 |
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.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of T Rowe's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
T Rowe Price Backtested Returns
T Rowe Price owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the fund had a -0.16% 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 Market Risk Adjusted Performance of (0.11), standard deviation of 0.898, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of 1.21, 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 | 0.26 |
Poor predictability
T Rowe Price has poor predictability. Overlapping area represents the amount of predictability between T Rowe time series from 19th of June 2022 to 14th of June 2023 and 14th of June 2023 to 8th of June 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 0.26 indicates that nearly 26.0% of current T Rowe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 10.27 |
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 TRUZX Mutual Fund
T Rowe financial ratios help investors to determine whether TRUZX 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 TRUZX with respect to the benefits of owning T Rowe security.
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