Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JISCX Fund  USD 23.29  0.11  0.47%   
The current 90-days correlation between Perkins Small Cap and Perkins Mid Cap is 0.83 (i.e., Very poor 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 0.67 (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

  0.89JRAAX 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
  0.77JACNX Janus TrarianPairCorr
  0.88JACTX Janus Forty FundPairCorr
  0.94JADGX Janus Growth AndPairCorr
  0.94JABNX Janus BalancedPairCorr
  0.93JABRX Janus BalancedPairCorr
  0.89JACCX Janus Forty FundPairCorr
  0.94JAENX Janus EnterprisePairCorr
  0.83JAGTX Janus Global TechnologyPairCorr
  0.94JAGIX Janus Growth AndPairCorr
  0.85JAGLX Janus Global LifePairCorr
  0.81JAHYX Janus High YieldPairCorr
  0.86JAIGX Overseas PortfolioPairCorr
  0.94JANBX Janus BalancedPairCorr
  0.94JANEX Janus EnterprisePairCorr
  0.94JANIX Janus TritonPairCorr
  0.91JANRX 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
JMVCX  0.75  0.15  0.15  0.26  0.51 
(0.86)
 1.47 
(1.16)
 10.78 
JDPNX  0.75  0.15  0.15  0.26  0.54 
(0.87)
 1.54 
(1.12)
 10.63 
JDPRX  0.75  0.15  0.15  0.25  0.54 
(0.86)
 1.52 
(1.18)
 10.49 
JMVAX  0.74  0.15  0.15  0.26  0.56 
(0.88)
 1.52 
(1.15)
 10.61 
MASKX  1.01  0.00  0.01  0.06  1.22 
(1.04)
 1.98 
(1.91)
 5.53 
MDSKX  1.02  0.00  0.01  0.06  1.25 
(1.04)
 1.97 
(1.94)
 5.52 
POMIX  0.60  0.00  0.00  0.06  0.87 
(0.57)
 1.16 
(1.21)
 3.41 
SVBAX  0.59  0.20  0.33  0.34  0.00 
(0.74)
 0.97 
(0.82)
 13.17 
MAAGX  0.51 (0.02)(0.05) 0.03  0.72 
(0.47)
 0.97 
(1.08)
 2.72 
TRLUX  0.53  0.02  0.01  0.07  0.59 
(0.59)
 1.01 
(1.04)
 2.54 

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