Perkins Small Correlations

JISCX Fund

USD 25.47 0.09 0.35%

The current 90-days correlation between Perkins Small Cap and Redwood Managed Volatility is 0.3 (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

Very poor diversification

The correlation between Perkins Small Cap and DJI is 0.85 (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

0.66	JRSAX	Intech Managed Volatility	Pair Corr
0.64	JRSDX	Intech Managed Volatility	Pair Corr
0.63	JRSCX	Intech Managed Volatility	Pair Corr
0.64	JRSIX	Intech Managed Volatility	Pair Corr
0.64	JRSNX	Intech Managed Volatility	Pair Corr
0.64	JRSSX	Intech Managed Volatility	Pair Corr
0.64	JRSTX	Intech Managed Volatility	Pair Corr
0.8	JADFX	Janus Flexible Bond	Pair Corr
0.69	JADGX	Janus Growth And	Pair Corr
0.8	JAFIX	Janus Flexible Bond	Pair Corr
0.8	JAFLX	Flexible Bond Portfolio	Pair Corr
0.7	JAGIX	Janus Growth And	Pair Corr
0.73	JAGLX	Janus Global Life	Pair Corr
0.89	JAHYX	Janus High Yield	Pair Corr
0.93	JAIGX	Overseas Portfolio	Pair Corr
0.82	JANFX	Janus Flexible Bond	Pair Corr
0.74	JANIX	Janus Triton	Pair Corr
0.8	JANRX	Janus Global Select	Pair Corr

Moving against Perkins Mutual Fund

0.62	JRAIX	Janus Research	Pair Corr
0.61	JRANX	Janus Research	Pair Corr
0.59	JRACX	Janus Research	Pair Corr
0.62	JACAX	Forty Portfolio Inst	Pair Corr
0.57	JAGRX	Research Portfolio	Pair Corr
0.62	JAMRX	Janus Research	Pair Corr

Related Correlations Analysis

	JSVTX	ETNEX	RYOIX	NSDVX	SISAX	RYTIX	FCIVX	FMGIX	RWDIX
JSVTX		-0.3	0.64	0.91	0.9	0.24	0.88	0.87	0.92	JSVTX
ETNEX	-0.3		-0.18	-0.51	-0.25	0.68	-0.34	-0.34	-0.3	ETNEX
RYOIX	0.64	-0.18		0.72	0.7	0.27	0.59	0.59	0.79	RYOIX
NSDVX	0.91	-0.51	0.72		0.79	0.02	0.77	0.77	0.9	NSDVX
SISAX	0.9	-0.25	0.7	0.79		0.33	0.94	0.94	0.94	SISAX
RYTIX	0.24	0.68	0.27	0.02	0.33		0.17	0.17	0.3	RYTIX
FCIVX	0.88	-0.34	0.59	0.77	0.94	0.17		1.0	0.87	FCIVX
FMGIX	0.87	-0.34	0.59	0.77	0.94	0.17	1.0		0.87	FMGIX
RWDIX	0.92	-0.3	0.79	0.9	0.94	0.3	0.87	0.87		RWDIX
	JSVTX	ETNEX	RYOIX	NSDVX	SISAX	RYTIX	FCIVX	FMGIX	RWDIX

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

FMGIX	+ 1.0	FCIVX
FCIVX	+ 0.94	SISAX
FMGIX	+ 0.94	SISAX
RWDIX	+ 0.94	SISAX
RWDIX	+ 0.92	JSVTX
NSDVX	+ 0.91	JSVTX

High negative correlations

NSDVX	- 0.51	ETNEX
FMGIX	- 0.34	ETNEX
FCIVX	- 0.34	ETNEX
RWDIX	- 0.3	ETNEX
ETNEX	- 0.3	JSVTX
SISAX	- 0.25	ETNEX

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
JSVTX	0.95	0.30	0.30	0.40	0.34	(1.11)	2.42	(1.40)	12.27
ETNEX	1.19	(0.09)	(0.04)	0.03	1.74	(1.14)	2.60	(3.12)	8.16
RYOIX	0.88	0.04	0.00	0.16	0.94	(0.96)	2.31	(1.50)	5.07
NSDVX	0.67	0.19	0.23	0.36	0.26	(0.84)	1.87	(1.17)	4.01
SISAX	0.62	0.19	0.26	0.37	0.00	(0.78)	1.27	(0.94)	10.84
RYTIX	1.11	(0.04)	(0.02)	0.06	1.56	(1.09)	1.97	(2.59)	6.60
FCIVX	1.29	0.88	1.21	(1.05)	0.00	(1.49)	1.34	(0.54)	42.36
FMGIX	1.29	0.89	1.16	(1.04)	0.00	(1.50)	1.27	(0.54)	42.46
RWDIX	0.06	0.02	(0.70)	0.40	0.00	(0.11)	0.18	(0.09)	0.36

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