Perkins Small Correlations

JDSAX Fund

USD 26.28 0.04 0.15%

The current 90-days correlation between Perkins Small Cap and Columbia Large Cap is 0.45 (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

Almost no diversification

The correlation between Perkins Small Cap and DJI is 0.91 (i.e., Almost no 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

0.75	JRAAX	Janus Research	Pair Corr
0.75	JRARX	Janus Henderson Research	Pair Corr
0.75	JRASX	Janus Research	Pair Corr
0.73	JAAGX	Enterprise Portfolio	Pair Corr
0.86	JABAX	Janus Balanced	Pair Corr
0.86	JABCX	Janus Balanced	Pair Corr
0.91	JRSAX	Intech Managed Volatility	Pair Corr
0.91	JRSDX	Intech Managed Volatility	Pair Corr
0.89	JRSCX	Intech Managed Volatility	Pair Corr
0.91	JRSIX	Intech Managed Volatility	Pair Corr
0.91	JRSNX	Intech Managed Volatility	Pair Corr
0.91	JRSSX	Intech Managed Volatility	Pair Corr
0.89	JRSTX	Intech Managed Volatility	Pair Corr
0.75	JACNX	Janus Contrarian	Pair Corr
0.68	JACTX	Janus Forty Fund	Pair Corr
0.63	JADFX	Janus Flexible Bond	Pair Corr
0.91	JADGX	Janus Growth And	Pair Corr
0.86	JABNX	Janus Balanced	Pair Corr
0.87	JABRX	Janus Balanced	Pair Corr
0.76	JACCX	Janus Forty Fund	Pair Corr
0.83	JAENX	Janus Enterprise	Pair Corr
0.62	JAFIX	Janus Flexible Bond	Pair Corr
0.76	JAFLX	Flexible Bond Portfolio	Pair Corr
0.8	JAGTX	Janus Global Technology	Pair Corr
0.9	JAGIX	Janus Growth And	Pair Corr
0.87	JAGLX	Janus Global Life	Pair Corr
0.86	JAHYX	Janus High Yield	Pair Corr
0.91	JAIGX	Overseas Portfolio	Pair Corr
0.86	JANBX	Janus Balanced	Pair Corr
0.83	JANEX	Janus Enterprise	Pair Corr
0.63	JANFX	Janus Flexible Bond	Pair Corr
0.92	JANIX	Janus Triton	Pair Corr
0.92	JANRX	Janus Global Select	Pair Corr

Moving against Perkins Mutual Fund

0.33	JRACX	Janus Research	Pair Corr
0.31	JRAIX	Janus Research	Pair Corr
0.33	JACAX	Forty Portfolio Inst	Pair Corr
0.32	JAGRX	Research Portfolio	Pair Corr

Related Correlations Analysis

	JSIVX	APHJX	OAKEX	JMCVX	JDPAX	JMVIX	GTSVX	PGSGX	FSCIX	CLXRX
JSIVX		0.91	0.92	0.98	0.96	0.96	0.84	0.81	0.96	0.89	JSIVX
APHJX	0.91		0.96	0.95	0.96	0.96	0.87	0.82	0.89	0.98	APHJX
OAKEX	0.92	0.96		0.96	0.97	0.97	0.88	0.79	0.89	0.95	OAKEX
JMCVX	0.98	0.95	0.96		0.98	0.98	0.87	0.8	0.92	0.95	JMCVX
JDPAX	0.96	0.96	0.97	0.98		1.0	0.88	0.81	0.91	0.96	JDPAX
JMVIX	0.96	0.96	0.97	0.98	1.0		0.88	0.81	0.91	0.96	JMVIX
GTSVX	0.84	0.87	0.88	0.87	0.88	0.88		0.9	0.9	0.82	GTSVX
PGSGX	0.81	0.82	0.79	0.8	0.81	0.81	0.9		0.89	0.74	PGSGX
FSCIX	0.96	0.89	0.89	0.92	0.91	0.91	0.9	0.89		0.82	FSCIX
CLXRX	0.89	0.98	0.95	0.95	0.96	0.96	0.82	0.74	0.82		CLXRX
	JSIVX	APHJX	OAKEX	JMCVX	JDPAX	JMVIX	GTSVX	PGSGX	FSCIX	CLXRX

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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
JSIVX	0.77	0.19	0.23	0.31	0.40	(0.94)	2.12	(1.01)	5.48
APHJX	0.74	0.09	0.09	0.18	0.62	(0.90)	1.39	(1.29)	8.18
OAKEX	0.69	0.15	0.14	0.29	0.52	(0.79)	1.60	(1.33)	6.92
JMCVX	0.77	0.27	0.29	0.48	0.00	(0.92)	1.78	(1.10)	10.77
JDPAX	0.77	0.31	0.31	1.09	0.00	(0.93)	1.80	(1.15)	10.50
JMVIX	0.77	0.30	0.29	1.07	0.00	(0.93)	1.80	(1.07)	10.49
GTSVX	1.34	0.23	0.10	1.56	1.31	(1.58)	2.57	(2.67)	12.59
PGSGX	1.06	0.09	0.01	0.79	1.41	(1.03)	2.13	(2.22)	4.98
FSCIX	0.82	0.09	0.09	0.17	0.85	(0.87)	2.11	(1.74)	4.64
CLXRX	0.83	0.18	0.23	0.24	0.42	(1.05)	1.52	(1.22)	18.66

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