Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JDSAX Fund  USD 23.82  0.12  0.51%   
The current 90-days correlation between Perkins Small Cap and Perkins Small Cap is 0.99 (i.e., No risk reduction). 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 0.66 (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 nation.

Moving together with Perkins Mutual Fund

  0.89JRAAX Janus ResearchPairCorr
  0.89JRARX Janus Henderson ResearchPairCorr
  0.89JRASX Janus ResearchPairCorr
  0.87JAAGX Enterprise PortfolioPairCorr
  0.93JABAX Janus BalancedPairCorr
  0.93JABCX Janus BalancedPairCorr
  0.94JRSAX Intech Managed VolatilityPairCorr
  0.94JRSDX Intech Managed VolatilityPairCorr
  0.94JRSCX Intech Managed VolatilityPairCorr
  0.94JRSIX Intech Managed VolatilityPairCorr
  0.94JRSNX Intech Managed VolatilityPairCorr
  0.94JRSSX Intech Managed VolatilityPairCorr
  0.94JRSTX Intech Managed VolatilityPairCorr
  0.76JACNX Janus TrarianPairCorr
  0.85JACTX Janus Forty FundPairCorr
  0.94JADGX Janus Growth AndPairCorr
  0.93JABNX Janus BalancedPairCorr
  0.89JABRX Janus BalancedPairCorr
  0.89JACCX Janus Forty FundPairCorr
  0.94JAENX Janus EnterprisePairCorr
  0.83JAGTX Janus Global TechnologyPairCorr
  0.9JAGIX Janus Growth AndPairCorr
  0.88JAGLX Janus Global LifePairCorr
  0.79JAHYX Janus High YieldPairCorr
  0.72JAIGX Overseas PortfolioPairCorr
  0.93JANBX Janus BalancedPairCorr
  0.94JANEX Janus EnterprisePairCorr
  0.95JANIX Janus TritonPairCorr
  0.89JANRX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JSIVX  0.79  0.07  0.06  0.14  0.79 
(0.86)
 1.88 
(1.25)
 4.78 
APHJX  0.68  0.12  0.07  0.64  0.59 
(0.91)
 1.20 
(1.09)
 7.54 
OAKEX  0.66  0.02  0.01  0.09  0.73 
(0.78)
 1.35 
(1.33)
 5.38 
JMCVX  0.77  0.16  0.14  0.29  0.54 
(0.87)
 1.51 
(1.13)
 10.50 
JDPAX  0.76  0.15  0.14  0.28  0.53 
(0.86)
 1.47 
(1.25)
 10.17 
JMVIX  0.76  0.15  0.14  0.29  0.54 
(0.86)
 1.54 
(1.18)
 10.29 
GTSVX  1.37  0.08  0.08  0.13  1.40 
(1.66)
 2.57 
(2.93)
 10.64 
PGSGX  1.15 (0.08)(0.03) 0.02  1.47 
(1.16)
 2.13 
(2.22)
 6.24 
FSCIX  0.88  0.07  0.00 (3.70) 1.12 
(0.88)
 1.73 
(1.74)
 4.34 
CLXRX  0.87  0.20  0.23  0.22  0.53 
(1.03)
 1.52 
(1.20)
 17.76 

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