Perkins Select Correlations

JSVSX Fund

USD 15.86 0.03 0.19%

The current 90-days correlation between Perkins Select Value and Government Street Mid Cap is 0.47 (i.e., Very weak 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

Poor diversification

The correlation between Perkins Select Value and DJI is 0.6 (i.e., Poor 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 various price indices.

Moving together with Perkins Mutual Fund

0.93	VSIIX	Vanguard Small Cap	Pair Corr
0.93	VISVX	Vanguard Small Cap	Pair Corr
0.94	DFSVX	Us Small Cap	Pair Corr
0.95	DFFVX	Us Targeted Value	Pair Corr
0.97	UBVCX	Undiscovered Managers	Pair Corr
0.97	UBVAX	Undiscovered Managers	Pair Corr
0.97	UBVSX	Undiscovered Managers	Pair Corr
0.9	VSMCX	Invesco Small Cap	Pair Corr
0.84	FTYPX	Fidelity Freedom Index	Pair Corr
0.87	FFBTX	Fidelity Freedom Blend	Pair Corr
0.87	GAAVX	Gmo Alternative Allo	Pair Corr
0.97	GCAVX	Gmo Small Cap	Pair Corr
0.95	GQLOX	Gmo Quality Fund	Pair Corr
0.64	GHVIX	Gmo High Yield	Pair Corr
0.96	GMCQX	Gmo Equity Allocation	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.77	BA	Boeing Earnings Call This Week	Pair Corr

Moving against Perkins Mutual Fund

0.6	GABFX	Gmo Asset Allocation	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.34	IBM	International Business Earnings Call This Week	Pair Corr

Related Correlations Analysis

	LMVYX	TAAGX	ETIEX	DEVDX	CHASX	USBNX	RWDYX	RBCGX	HLFNX	GVMCX
LMVYX		0.8	0.11	0.92	0.61	0.88	0.95	0.82	0.89	0.92	LMVYX
TAAGX	0.8		0.27	0.63	0.38	0.69	0.82	0.57	0.6	0.93	TAAGX
ETIEX	0.11	0.27		-0.04	0.23	-0.04	0.03	0.12	0.31	0.23	ETIEX
DEVDX	0.92	0.63	-0.04		0.68	0.82	0.91	0.73	0.81	0.79	DEVDX
CHASX	0.61	0.38	0.23	0.68		0.64	0.6	0.75	0.79	0.57	CHASX
USBNX	0.88	0.69	-0.04	0.82	0.64		0.92	0.89	0.83	0.87	USBNX
RWDYX	0.95	0.82	0.03	0.91	0.6	0.92		0.81	0.82	0.94	RWDYX
RBCGX	0.82	0.57	0.12	0.73	0.75	0.89	0.81		0.87	0.79	RBCGX
HLFNX	0.89	0.6	0.31	0.81	0.79	0.83	0.82	0.87		0.79	HLFNX
GVMCX	0.92	0.93	0.23	0.79	0.57	0.87	0.94	0.79	0.79		GVMCX
	LMVYX	TAAGX	ETIEX	DEVDX	CHASX	USBNX	RWDYX	RBCGX	HLFNX	GVMCX

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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

RWDYX	+ 0.95	LMVYX
GVMCX	+ 0.94	RWDYX
GVMCX	+ 0.93	TAAGX
DEVDX	+ 0.92	LMVYX
GVMCX	+ 0.92	LMVYX
RWDYX	+ 0.92	USBNX

High negative correlations

USBNX	- 0.04	ETIEX
DEVDX	- 0.04	ETIEX

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
LMVYX	0.89	0.14	0.15	0.22	0.63	(1.10)	2.58	(1.51)	6.26
TAAGX	1.03	0.03	0.03	0.13	1.21	(1.09)	2.43	(1.95)	5.51
ETIEX	1.14	(0.17)	0.00	(0.06)	0.00	0.00	1.95	(2.58)	6.49
DEVDX	0.30	0.03	(0.16)	0.25	0.14	(0.41)	0.69	(0.51)	1.65
CHASX	1.04	0.20	0.14	0.30	0.99	(1.19)	1.95	(1.70)	12.57
USBNX	0.93	0.32	0.40	0.66	0.00	(1.27)	2.19	(0.97)	15.35
RWDYX	0.08	0.01	(0.68)	0.19	0.00	(0.11)	0.18	(0.09)	0.35
RBCGX	0.96	0.11	0.14	0.18	0.76	(1.14)	1.46	(1.73)	21.46
HLFNX	1.07	0.04	0.04	0.13	1.09	(1.32)	1.71	(2.08)	12.15
GVMCX	0.72	0.02	0.01	0.11	0.80	(0.76)	1.47	(1.60)	3.72

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