Perkins Select Correlations

JSVDX Fund

USD 16.12 0.16 1.00%

The current 90-days correlation between Perkins Select Value and Inverse Government Long is -0.15 (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

Almost no diversification

The correlation between Perkins Select Value and DJI is 0.9 (i.e., Almost no 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 private.

Moving together with Perkins Mutual Fund

0.89	JRAAX	Janus Research	Pair Corr
0.89	JRARX	Janus Henderson Research	Pair Corr
0.9	JRASX	Janus Research	Pair Corr
0.98	JABAX	Janus Balanced	Pair Corr
0.97	JABCX	Janus Balanced	Pair Corr
0.99	JRSIX	Intech Managed Volatility	Pair Corr
0.99	JRSNX	Intech Managed Volatility	Pair Corr
0.99	JRSSX	Intech Managed Volatility	Pair Corr
0.89	JACTX	Janus Forty Fund	Pair Corr
0.98	JADGX	Janus Growth And	Pair Corr
0.98	JABNX	Janus Balanced	Pair Corr
0.97	JABRX	Janus Balanced	Pair Corr
0.95	JAENX	Janus Enterprise	Pair Corr
0.65	JAFLX	Flexible Bond Portfolio	Pair Corr
0.92	JAGTX	Janus Global Technology	Pair Corr
0.98	JAGIX	Janus Growth And	Pair Corr
0.89	JAGLX	Janus Global Life	Pair Corr
0.88	JAHYX	Janus High Yield	Pair Corr
0.95	JANEX	Janus Enterprise	Pair Corr
0.91	JANVX	Janus Venture	Pair Corr
0.89	JAMRX	Janus Research	Pair Corr
0.98	JSCOX	Perkins Small Cap	Pair Corr
0.89	JARTX	Janus Forty Fund	Pair Corr
0.92	JATSX	Janus Global Technology	Pair Corr
0.92	JATAX	Janus Global Technology	Pair Corr
0.97	JAVTX	Janus Venture	Pair Corr
0.98	JSIVX	Perkins Small Cap	Pair Corr
0.79	JSLNX	Janus Henderson Global	Pair Corr
0.88	JSPMX	Janus Global Allocation	Pair Corr
0.88	JSPCX	Janus Global Allocation	Pair Corr
1.0	JSVTX	Perkins Select Value	Pair Corr
0.88	JCAAX	Janus Global Allocation	Pair Corr
0.86	JCACX	Janus Global Allocation	Pair Corr
0.88	JCAIX	Janus Global Allocation	Pair Corr

Related Correlations Analysis

	SSAGX	TGRXX	RGVCX	GSDSX	RYAQX
SSAGX		0.0	0.53	0.94	0.86	SSAGX
TGRXX	0.0		0.0	0.0	0.0	TGRXX
RGVCX	0.53	0.0		0.67	0.16	RGVCX
GSDSX	0.94	0.0	0.67		0.82	GSDSX
RYAQX	0.86	0.0	0.16	0.82		RYAQX
	SSAGX	TGRXX	RGVCX	GSDSX	RYAQX

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

GSDSX	+ 0.94	SSAGX
RYAQX	+ 0.86	SSAGX
RYAQX	+ 0.82	GSDSX
GSDSX	+ 0.67	RGVCX
RGVCX	+ 0.53	SSAGX
RYAQX	+ 0.16	RGVCX

High negative correlations

RYAQX	- 0.0	TGRXX
GSDSX	- 0.0	TGRXX
RGVCX	- 0.0	TGRXX
TGRXX	- 0.0	SSAGX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SSAGX	0.05	0.01	0.00	(2.41)	0.00	0.00	0.10	(0.10)	0.51
TGRXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RGVCX	0.13	(0.01)	0.00	(0.20)	0.00	0.00	0.25	(0.25)	0.66
GSDSX	0.06	0.00	(0.22)	0.35	0.00	(0.14)	0.11	(0.11)	0.43
RYAQX	0.41	0.08	0.09	(0.36)	0.26	(0.46)	1.00	(0.61)	2.02

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