Perkins Mid Correlations

JMCVX Fund

USD 16.26 0.19 1.18%

The current 90-days correlation between Perkins Mid Cap and Janus Trarian Fund is 0.56 (i.e., Very weak diversification). The correlation of Perkins Mid 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 Mid Correlation With Market

Very weak diversification

The correlation between Perkins Mid Cap and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Mid 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 Mid Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Perkins Mutual Fund

0.96	FLPKX	Fidelity Low Priced	Pair Corr
0.96	FLPSX	Fidelity Low Priced	Pair Corr
0.89	VMVAX	Vanguard Mid Cap	Pair Corr
0.83	JVMAX	John Hancock Disciplined	Pair Corr
0.88	JVMIX	John Hancock Disciplined	Pair Corr
0.92	VMVIX	Vanguard Mid Cap	Pair Corr
0.97	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.97	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.97	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.97	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.8	RSNYX	Victory Global Natural	Pair Corr
0.81	RSNRX	Victory Global Natural	Pair Corr
0.81	RGNCX	Victory Global Natural	Pair Corr
0.77	RMQAX	Monthly Rebalance	Pair Corr
0.77	RMQHX	Monthly Rebalance	Pair Corr
0.67	QUACX	Ab Small Cap	Pair Corr

Moving against Perkins Mutual Fund

0.56	WSHNX	Short Duration Income	Pair Corr
0.63	LLDYX	Lord Abbett Short	Pair Corr
0.55	HGOFX	Hartford Growth	Pair Corr
0.53	OWSBX	Old Westbury Short	Pair Corr
0.5	GMODX	Gmo Opportunistic Income	Pair Corr
0.37	DPIGX	Intermediate Government	Pair Corr

Related Correlations Analysis

	JSVAX	JAOSX	JAGIX	JORNX	OAKBX
JSVAX		0.59	0.68	0.73	0.89	JSVAX
JAOSX	0.59		0.22	0.27	0.6	JAOSX
JAGIX	0.68	0.22		0.94	0.65	JAGIX
JORNX	0.73	0.27	0.94		0.69	JORNX
OAKBX	0.89	0.6	0.65	0.69		OAKBX
	JSVAX	JAOSX	JAGIX	JORNX	OAKBX

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Risk-Adjusted Indicators

There is a big difference between Perkins Mutual Fund performing well and Perkins Mid 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 Mid'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
JSVAX	0.88	0.00	0.00	0.09	1.17	(0.94)	1.68	(1.63)	7.24
JAOSX	0.55	(0.01)	(0.09)	0.06	0.73	(0.57)	1.19	(0.95)	3.49
JAGIX	0.83	(0.16)	0.00	(0.14)	0.00	0.00	1.13	(1.55)	14.65
JORNX	0.77	(0.13)	0.00	(0.10)	0.00	0.00	1.00	(1.69)	9.47
OAKBX	0.41	0.01	(0.07)	0.11	0.46	(0.46)	0.88	(0.60)	4.12

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