Perkins Small Correlations

JNPSX Fund

USD 24.68 0.08 0.33%

The current 90-days correlation between Perkins Small Cap and Wilmington Diversified Income is -0.18 (i.e., Good 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 0.66 (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 population.

Moving together with Perkins Mutual Fund

0.8	VSIIX	Vanguard Small Cap	Pair Corr
0.93	VISVX	Vanguard Small Cap	Pair Corr
0.94	DFSVX	Us Small Cap	Pair Corr
0.79	DFFVX	Us Targeted Value	Pair Corr
0.91	UBVCX	Undiscovered Managers	Pair Corr
0.92	UBVAX	Undiscovered Managers	Pair Corr
0.92	UBVSX	Undiscovered Managers	Pair Corr
0.83	VSMCX	Invesco Small Cap	Pair Corr
0.86	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.69	RYVLX	Nasdaq 100 2x	Pair Corr
0.75	RYCCX	Nasdaq 100 2x	Pair Corr
0.86	CLBAX	American Balanced	Pair Corr
0.87	CUSDX	Six Circles Ultra	Pair Corr
0.65	DBLSX	Doubleline Low Duration	Pair Corr
0.72	WMT	Walmart Common Stock Sell-off Trend	Pair Corr

Moving against Perkins Mutual Fund

0.37	INPSX	Internet Ultrasector	Pair Corr
0.36	INPIX	Internet Ultrasector	Pair Corr
0.36	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr
0.31	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FARIX	DLTZX	TRHBX	USCAX	BIAUX	WDIAX
FARIX		0.85	0.9	0.91	0.88	0.92	FARIX
DLTZX	0.85		0.75	0.8	0.82	0.84	DLTZX
TRHBX	0.9	0.75		0.94	0.9	0.89	TRHBX
USCAX	0.91	0.8	0.94		0.98	0.95	USCAX
BIAUX	0.88	0.82	0.9	0.98		0.9	BIAUX
WDIAX	0.92	0.84	0.89	0.95	0.9		WDIAX
	FARIX	DLTZX	TRHBX	USCAX	BIAUX	WDIAX

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
FARIX	0.51	0.14	0.16	0.46	0.26	(0.63)	1.07	(0.83)	3.57
DLTZX	0.05	0.00	(0.42)	0.16	0.00	(0.20)	0.13	(0.13)	0.51
TRHBX	0.91	0.06	0.06	0.12	1.01	(0.99)	1.93	(1.84)	4.68
USCAX	0.88	0.20	0.14	0.85	0.77	(1.00)	2.07	(1.87)	7.29
BIAUX	1.04	0.22	0.24	0.28	0.59	(1.32)	2.57	(1.42)	15.82
WDIAX	0.53	0.06	(0.01)	0.76	0.50	(0.60)	0.98	(1.03)	3.44

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