Perkins Select Correlations

Mutual Funds . USA . 
Fund . Perkins Select Value
JSVDX Fund  USD 15.42  0.14  0.90%   
The current 90-days correlation between Perkins Select Value and Gabelli Gold Fund is -0.03 (i.e., Good diversification). The correlation of Perkins Select 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 Select Correlation With Market

Very weak diversification

The correlation between Perkins Select Value and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Select Value 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 Select Value. 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 american community survey.

Moving together with Perkins Mutual Fund

  0.71JRAAX Janus ResearchPairCorr
  0.69JRARX Janus Henderson ResearchPairCorr
  0.69JRASX Janus ResearchPairCorr
  0.72JAAGX Enterprise PortfolioPairCorr
  0.73JABAX Janus BalancedPairCorr
  0.74JABCX Janus BalancedPairCorr
  0.99JRSAX Intech Managed VolatilityPairCorr
  0.91JRSDX Intech Managed VolatilityPairCorr
  0.91JRSCX Intech Managed VolatilityPairCorr
  0.75JRSIX Intech Managed VolatilityPairCorr
  0.75JRSNX Intech Managed VolatilityPairCorr
  0.75JRSSX Intech Managed VolatilityPairCorr
  0.75JRSTX Intech Managed VolatilityPairCorr
  0.82JACNX Janus TrarianPairCorr
  0.71JACTX Janus Forty FundPairCorr
  0.79JADGX Janus Growth AndPairCorr
  0.73JABNX Janus BalancedPairCorr
  0.74JABRX Janus BalancedPairCorr
  0.93JACCX Janus Forty FundPairCorr
  0.74JAENX Janus EnterprisePairCorr
  0.83JAGTX Janus Global TechnologyPairCorr
  0.91JAGIX Janus Growth AndPairCorr
  0.72JAGLX Janus Global LifePairCorr
  0.77JAIGX Overseas PortfolioPairCorr
  0.98JANBX Janus BalancedPairCorr
  0.74JANEX Janus EnterprisePairCorr
  0.87JANIX Janus TritonPairCorr
  0.88JANRX Janus Global SelectPairCorr

Related Correlations Analysis


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

FGDIX
+ 1.0
AGGWX
USERX
+ 1.0
AGGWX
USERX
+ 1.0
SGDLX
SGDLX
+ 0.99
AGGWX
FGDIX
+ 0.99
SGDLX
USERX
+ 0.99
FGDIX
  

High negative correlations

USERX
- 0.97
SPPIX
SPPIX
- 0.97
FGDIX
SPPIX
- 0.97
AGGWX
SPPIX
- 0.96
SGDLX
XGGNX
- 0.94
SPPIX
SPPIX
- 0.71
GLDAX

Risk-Adjusted Indicators

There is a big difference between Perkins Mutual Fund performing well and Perkins Select 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 Select'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.

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