Perkins Small Correlations

JSIVX Fund

USD 27.22 0.30 1.11%

The current 90-days correlation between Perkins Small Cap and Oakmark International Small is 0.31 (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

Modest diversification

The correlation between Perkins Small Cap and DJI is 0.21 (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 manufacturing.

Moving against Perkins Mutual Fund

0.78	JRAIX	Janus Research	Pair Corr
0.68	JRANX	Janus Research	Pair Corr
0.55	JRACX	Janus Research	Pair Corr
0.35	JAAGX	Enterprise Portfolio	Pair Corr
0.34	JABAX	Janus Balanced	Pair Corr
0.68	JACAX	Forty Portfolio Inst	Pair Corr
0.68	JAGRX	Research Portfolio	Pair Corr
0.32	JABLX	Balanced Portfolio	Pair Corr
0.68	JAMRX	Janus Research	Pair Corr

Related Correlations Analysis

	JDSAX	JMCVX	APHJX	JDPAX	JMVIX	PGSGX	FSCIX	JAVTX	JVTSX	OAKEX
JDSAX		0.86	0.47	0.98	0.98	0.71	0.82	0.35	-0.03	0.67	JDSAX
JMCVX	0.86		0.67	0.88	0.88	0.64	0.96	0.55	0.01	0.83	JMCVX
APHJX	0.47	0.67		0.51	0.5	0.59	0.69	0.78	0.5	0.91	APHJX
JDPAX	0.98	0.88	0.51		1.0	0.74	0.82	0.39	-0.03	0.7	JDPAX
JMVIX	0.98	0.88	0.5	1.0		0.73	0.82	0.39	-0.03	0.7	JMVIX
PGSGX	0.71	0.64	0.59	0.74	0.73		0.73	0.75	0.31	0.57	PGSGX
FSCIX	0.82	0.96	0.69	0.82	0.82	0.73		0.67	0.08	0.78	FSCIX
JAVTX	0.35	0.55	0.78	0.39	0.39	0.75	0.67		0.46	0.61	JAVTX
JVTSX	-0.03	0.01	0.5	-0.03	-0.03	0.31	0.08	0.46		0.34	JVTSX
OAKEX	0.67	0.83	0.91	0.7	0.7	0.57	0.78	0.61	0.34		OAKEX
	JDSAX	JMCVX	APHJX	JDPAX	JMVIX	PGSGX	FSCIX	JAVTX	JVTSX	OAKEX

Please upgrade your account to get full access to Macroaxis premium features

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

JMVIX	+ 1.0	JDPAX
JDPAX	+ 0.98	JDSAX
JMVIX	+ 0.98	JDSAX
FSCIX	+ 0.96	JMCVX
OAKEX	+ 0.91	APHJX
JDPAX	+ 0.88	JMCVX

High negative correlations

JVTSX	- 0.03	JMVIX
JVTSX	- 0.03	JDPAX
JVTSX	- 0.03	JDSAX

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
JDSAX	0.65	0.19	0.19	11.01	0.30	(0.82)	2.06	(1.00)	4.51
JMCVX	0.58	0.16	0.17	0.31	0.31	(0.67)	1.40	(0.93)	3.71
APHJX	0.67	0.12	0.12	0.25	0.50	(0.82)	1.20	(1.25)	8.18
JDPAX	0.59	0.20	0.17	(8.30)	0.34	(0.69)	1.73	(0.96)	3.75
JMVIX	0.58	0.20	0.16	(9.40)	0.34	(0.69)	1.79	(1.02)	3.74
PGSGX	0.95	0.13	0.04	(1.48)	1.14	(0.96)	1.74	(2.12)	6.11
FSCIX	0.73	0.14	0.14	0.23	0.61	(0.86)	1.67	(1.44)	4.47
JAVTX	0.74	0.03	0.01	0.10	0.80	(0.84)	1.28	(1.34)	5.19
JVTSX	0.88	0.20	0.12	(1.46)	0.78	(1.01)	1.66	(1.47)	8.53
OAKEX	0.62	0.20	0.22	0.48	0.24	(0.75)	1.44	(0.81)	6.92

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC