Perkins Small Correlations

JCSCX Fund

USD 23.41 0.25 1.08%

The current 90-days correlation between Perkins Small Cap and Growth Fund Growth is 0.22 (i.e., Modest 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

Very poor diversification

The correlation between Perkins Small Cap and DJI is 0.88 (i.e., Very 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 services.

Moving together with Perkins Mutual Fund

0.67	JABCX	Janus Balanced	Pair Corr
0.75	JRSAX	Intech Managed Volatility	Pair Corr
0.73	JRSDX	Intech Managed Volatility	Pair Corr
0.73	JRSCX	Intech Managed Volatility	Pair Corr
0.73	JRSIX	Intech Managed Volatility	Pair Corr
0.73	JRSNX	Intech Managed Volatility	Pair Corr
0.73	JRSSX	Intech Managed Volatility	Pair Corr
0.73	JRSTX	Intech Managed Volatility	Pair Corr
0.61	JACNX	Janus Contrarian	Pair Corr
0.79	JADFX	Janus Flexible Bond	Pair Corr
0.76	JADGX	Janus Growth And	Pair Corr
0.68	JABNX	Janus Balanced	Pair Corr
0.67	JABRX	Janus Balanced	Pair Corr
0.79	JAFIX	Janus Flexible Bond	Pair Corr
0.79	JAFLX	Flexible Bond Portfolio	Pair Corr
0.64	JAGTX	Janus Global Technology	Pair Corr
0.78	JAGIX	Janus Growth And	Pair Corr
0.76	JAGLX	Janus Global Life	Pair Corr
0.9	JAHYX	Janus High Yield	Pair Corr
0.92	JAIGX	Overseas Portfolio	Pair Corr
0.68	JANBX	Janus Balanced	Pair Corr
0.63	JANEX	Janus Enterprise	Pair Corr
0.8	JANFX	Janus Flexible Bond	Pair Corr
0.78	JANIX	Janus Triton	Pair Corr
0.82	JANRX	Janus Global Select	Pair Corr

Moving against Perkins Mutual Fund

0.47	JRACX	Janus Research	Pair Corr
0.46	JRAIX	Janus Research	Pair Corr
0.46	JRANX	Janus Research	Pair Corr
0.5	JACAX	Forty Portfolio Inst	Pair Corr
0.47	JAGRX	Research Portfolio	Pair Corr
0.47	JAMRX	Janus Research	Pair Corr

Related Correlations Analysis

	CSVZX	BFGUX	VMCCX	FMIJX	ADX	JMVCX	UIGRX
CSVZX		0.77	0.94	0.79	0.71	0.9	-0.14	CSVZX
BFGUX	0.77		0.73	0.55	0.34	0.5	0.29	BFGUX
VMCCX	0.94	0.73		0.79	0.72	0.87	-0.01	VMCCX
FMIJX	0.79	0.55	0.79		0.6	0.81	-0.17	FMIJX
ADX	0.71	0.34	0.72	0.6		0.75	-0.06	ADX
JMVCX	0.9	0.5	0.87	0.81	0.75		-0.35	JMVCX
UIGRX	-0.14	0.29	-0.01	-0.17	-0.06	-0.35		UIGRX
	CSVZX	BFGUX	VMCCX	FMIJX	ADX	JMVCX	UIGRX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VMCCX	+ 0.94	CSVZX
JMVCX	+ 0.9	CSVZX
JMVCX	+ 0.87	VMCCX
JMVCX	+ 0.81	FMIJX
FMIJX	+ 0.79	CSVZX
FMIJX	+ 0.79	VMCCX

High negative correlations

UIGRX	- 0.35	JMVCX
UIGRX	- 0.17	FMIJX
UIGRX	- 0.14	CSVZX
UIGRX	- 0.06	ADX
UIGRX	- 0.01	VMCCX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CSVZX	0.71	0.28	0.34	0.42	0.29	(0.83)	1.40	(1.29)	8.58
BFGUX	0.91	0.13	0.14	0.20	0.73	(1.21)	1.72	(1.63)	13.68
VMCCX	0.86	0.09	0.10	0.13	0.71	(1.08)	2.26	(1.54)	6.98
FMIJX	0.97	0.05	0.02	0.11	1.95	(1.09)	1.59	(1.67)	24.84
ADX	0.61	0.02	0.00	0.09	0.66	(0.65)	1.44	(1.16)	3.00
JMVCX	0.61	0.10	0.11	0.17	0.49	(0.68)	1.67	(1.16)	3.68
UIGRX	0.71	(0.15)	0.00	(0.15)	0.00	0.00	1.27	(1.90)	4.44

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