Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JCSCX Fund  USD 21.38  0.10  0.47%   
The current 90-days correlation between Perkins Small Cap and Columbia Select Large Cap is 0.56 (i.e., Very weak diversification). The correlation of Perkins Small 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.

Perkins Small Correlation With Market

Poor diversification

The correlation between Perkins Small Cap and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Perkins Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Perkins Mutual Fund

  0.8JRAAX Janus ResearchPairCorr
  0.81JRARX Janus Henderson ResearchPairCorr
  0.81JRASX Janus ResearchPairCorr
  0.87JAAGX Enterprise PortfolioPairCorr
  0.82JABAX Janus BalancedPairCorr
  0.82JABCX Janus BalancedPairCorr
  0.83JRSAX Intech Managed VolatilityPairCorr
  0.83JRSDX Intech Managed VolatilityPairCorr
  0.82JRSCX Intech Managed VolatilityPairCorr
  0.83JRSIX Intech Managed VolatilityPairCorr
  0.83JRSNX Intech Managed VolatilityPairCorr
  0.83JRSSX Intech Managed VolatilityPairCorr
  0.83JRSTX Intech Managed VolatilityPairCorr
  0.68JACNX Janus TrarianPairCorr
  0.78JACTX Janus Forty FundPairCorr
  0.82JADGX Janus Growth AndPairCorr
  0.82JABNX Janus BalancedPairCorr
  0.82JABRX Janus BalancedPairCorr
  0.79JACCX Janus Forty FundPairCorr
  0.87JAENX Janus EnterprisePairCorr
  0.74JAGTX Janus Global TechnologyPairCorr
  0.82JAGIX Janus Growth AndPairCorr
  0.83JAGLX Janus Global LifePairCorr
  0.85JAHYX Janus High YieldPairCorr
  0.83JAIGX Overseas PortfolioPairCorr
  0.82JANBX Janus BalancedPairCorr
  0.87JANEX Janus EnterprisePairCorr
  0.87JANIX Janus TritonPairCorr
  0.81JANRX Janus Global SelectPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Perkins Mutual Fund performing well and Perkins Small 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 Perkins Small'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.

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