Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JISCX Fund  USD 24.00  0.29  1.22%   
The current 90-days correlation between Perkins Small Cap and Perkins Mid Cap is 0.01 (i.e., Significant 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

Modest diversification

The correlation between Perkins Small Cap and DJI is 0.26 (i.e., Modest 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 unemployment.

Moving together with Perkins Mutual Fund

  0.79JRSIX Intech Managed VolatilityPairCorr
  0.94JRSNX Intech Managed VolatilityPairCorr
  0.89JACTX Janus Forty FundPairCorr
  0.95JADGX Janus Growth AndPairCorr
  0.94JAENX Janus EnterprisePairCorr
  0.85JAGTX Janus Global TechnologyPairCorr
  0.94JAGIX Janus Growth AndPairCorr
  0.78JAGLX Janus Global LifePairCorr
  0.94JANEX Janus EnterprisePairCorr
  0.97JSCVX Perkins Small CapPairCorr
  0.61JAOSX Janus OverseasPairCorr
  1.0JSCOX Perkins Small CapPairCorr
  0.89JARTX Janus Forty FundPairCorr
  0.86JATAX Janus Global TechnologyPairCorr
  0.77JAWWX Janus Global ResearchPairCorr
  0.68JSVAX Janus ContrarianPairCorr
  0.78JSVTX Perkins Select ValuePairCorr
  0.81JCNAX Janus TrarianPairCorr
  0.8JCNIX Janus TrarianPairCorr
  0.8JCONX Janus TrarianPairCorr
  0.8JCSCX Perkins Small CapPairCorr
  0.83JDHYX Janus High YieldPairCorr
  0.63JDHCX Janus Henderson HighPairCorr
  0.94JDMNX Janus EnterprisePairCorr
  0.97JDPAX Perkins Mid CapPairCorr
  0.95JDPNX Perkins Mid CapPairCorr
  0.95JDPRX Perkins Mid CapPairCorr
  0.97JDSNX Perkins Small CapPairCorr
  0.82JDSRX Perkins Small CapPairCorr
  0.7JDWNX Janus Henderson GlobalPairCorr

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  0.76  0.22  0.21  0.48  0.35 
(0.87)
 1.47 
(1.13)
 10.78 
JDPNX  0.78  0.17  0.16  0.31  0.50 
(0.88)
 1.54 
(1.12)
 10.63 
JDPRX  0.78  0.17  0.16  0.31  0.51 
(0.87)
 1.52 
(1.18)
 10.49 
JMVAX  0.78  0.17  0.16  0.31  0.51 
(0.89)
 1.52 
(1.15)
 10.61 
MASKX  1.04  0.02  0.03  0.10  1.18 
(1.12)
 1.98 
(1.91)
 5.53 
MDSKX  1.04  0.02  0.03  0.10  1.19 
(1.12)
 1.97 
(1.94)
 5.52 
POMIX  0.61  0.00 (0.01) 0.08  0.84 
(0.60)
 1.16 
(1.21)
 3.41 
SVBAX  0.61  0.22  0.29  1.04  0.00 
(0.79)
 0.97 
(0.82)
 13.17 
MAAGX  0.54  0.02 (0.07) 0.19  0.70 
(0.52)
 1.11 
(1.08)
 2.72 
TRLUX  0.56  0.07  0.06  0.18  0.44 
(0.64)
 1.25 
(1.04)
 2.65 

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