Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JISCX Fund  USD 27.06  0.37  1.39%   
The current 90-days correlation between Perkins Small Cap and Janus Overseas Fund is 0.33 (i.e., 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

Good diversification

The correlation between Perkins Small Cap and DJI is -0.02 (i.e., Good 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 main economic indicators.

Moving together with Perkins Mutual Fund

  0.76JRAAX Janus ResearchPairCorr
  0.76JRACX Janus ResearchPairCorr
  0.76JRAIX Janus ResearchPairCorr
  0.76JRANX Janus ResearchPairCorr
  0.7JRARX Janus Henderson ResearchPairCorr
  0.76JRASX Janus ResearchPairCorr
  0.91JAAGX Enterprise PortfolioPairCorr
  0.79JABAX Janus BalancedPairCorr
  0.79JABCX Janus BalancedPairCorr
  0.82JRSAX Intech Managed VolatilityPairCorr
  0.7JRSDX Intech Managed VolatilityPairCorr
  0.82JRSCX Intech Managed VolatilityPairCorr
  0.82JRSIX Intech Managed VolatilityPairCorr
  0.82JRSNX Intech Managed VolatilityPairCorr
  0.82JRSSX Intech Managed VolatilityPairCorr
  0.82JRSTX Intech Managed VolatilityPairCorr
  0.8JACNX Janus ContrarianPairCorr
  0.68JACTX Janus Forty FundPairCorr
  0.64JADGX Janus Growth AndPairCorr
  0.68JABLX Balanced PortfolioPairCorr
  0.68JABNX Janus BalancedPairCorr
  0.79JABRX Janus BalancedPairCorr
  0.66JACAX Forty Portfolio InstPairCorr
  0.76JACCX Janus Forty FundPairCorr
  0.91JAENX Janus EnterprisePairCorr
  0.7JAGRX Research PortfolioPairCorr
  0.71JAGTX Janus Global TechnologyPairCorr
  0.76JAGCX Janus Global TechnologyPairCorr
  0.77JAGIX Janus Growth AndPairCorr
  0.63JAHYX Janus High YieldPairCorr
  0.79JANBX Janus BalancedPairCorr
  0.91JANEX Janus EnterprisePairCorr
  0.91JANIX Janus TritonPairCorr
  0.61JANRX Janus Global SelectPairCorr

Moving against Perkins Mutual Fund

  0.58JADFX Janus Flexible BondPairCorr
  0.57JAFIX Janus Flexible BondPairCorr
  0.53JAFLX Flexible Bond PortfolioPairCorr
  0.51JANFX Janus Flexible BondPairCorr
  0.49JAGLX Janus Global LifePairCorr
  0.41JAOSX Janus OverseasPairCorr
  0.39JAIGX Overseas PortfolioPairCorr
  0.31JSHSX Janus Short TermPairCorr

Related Correlations Analysis

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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   
JGRTX
+ 0.91
JABRX
MEIHX
+ 0.85
JMVIX
JMVIX
+ 0.75
JABRX
JGRTX
+ 0.74
JMVIX
MEIHX
+ 0.72
JABRX
MEIHX
+ 0.71
JGRTX
  
High negative correlations   
JMVIX
- 0.38
JIGRX
JGRTX
- 0.37
JIGRX
MEIHX
- 0.29
JIGRX
JABRX
- 0.24
JIGRX

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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