Perkins Select Correlations

JVSIX Fund

USD 17.14 0.42 2.51%

The current 90-days correlation between Perkins Select Value and Redwood Managed Volatility is 0.18 (i.e., Average 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 0.91 (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 gross domestic product.

Moving together with Perkins Mutual Fund

0.82	JRAAX	Janus Research	Pair Corr
0.79	JRARX	Janus Henderson Research	Pair Corr
0.82	JRASX	Janus Research	Pair Corr
0.77	JAAGX	Enterprise Portfolio	Pair Corr
0.92	JABAX	Janus Balanced	Pair Corr
0.92	JABCX	Janus Balanced	Pair Corr
0.96	JRSAX	Intech Managed Volatility	Pair Corr
0.94	JRSDX	Intech Managed Volatility	Pair Corr
0.96	JRSCX	Intech Managed Volatility	Pair Corr
0.94	JRSIX	Intech Managed Volatility	Pair Corr
0.94	JRSNX	Intech Managed Volatility	Pair Corr
0.94	JRSSX	Intech Managed Volatility	Pair Corr
0.94	JRSTX	Intech Managed Volatility	Pair Corr
0.83	JACNX	Janus Contrarian	Pair Corr
0.76	JACTX	Janus Forty Fund	Pair Corr
0.96	JADGX	Janus Growth And	Pair Corr
0.92	JABNX	Janus Balanced	Pair Corr
0.92	JABRX	Janus Balanced	Pair Corr
0.84	JACCX	Janus Forty Fund	Pair Corr
0.87	JAENX	Janus Enterprise	Pair Corr
0.72	JAFLX	Flexible Bond Portfolio	Pair Corr
0.85	JAGTX	Janus Global Technology	Pair Corr
0.94	JAGIX	Janus Growth And	Pair Corr
0.87	JAGLX	Janus Global Life	Pair Corr
0.86	JAHYX	Janus High Yield	Pair Corr
0.91	JAIGX	Overseas Portfolio	Pair Corr
0.92	JANBX	Janus Balanced	Pair Corr
0.9	JANEX	Janus Enterprise	Pair Corr
0.93	JANIX	Janus Triton	Pair Corr
0.94	JANRX	Janus Global Select	Pair Corr

Related Correlations Analysis

	JSVTX	ETNEX	RYOIX	NSDVX	SISAX	RYTIX	FCIVX	FMGIX	MTPIX	RWDIX
JSVTX		-0.2	0.9	0.9	0.92	0.46	0.9	0.9	0.0	0.93	JSVTX
ETNEX	-0.2		-0.21	-0.36	-0.16	0.65	-0.24	-0.24	0.0	-0.19	ETNEX
RYOIX	0.9	-0.21		0.76	0.95	0.42	0.97	0.97	0.0	0.9	RYOIX
NSDVX	0.9	-0.36	0.76		0.81	0.36	0.76	0.76	0.0	0.86	NSDVX
SISAX	0.92	-0.16	0.95	0.81		0.51	0.94	0.94	0.0	0.93	SISAX
RYTIX	0.46	0.65	0.42	0.36	0.51		0.38	0.38	0.0	0.53	RYTIX
FCIVX	0.9	-0.24	0.97	0.76	0.94	0.38		1.0	0.0	0.86	FCIVX
FMGIX	0.9	-0.24	0.97	0.76	0.94	0.38	1.0		0.0	0.86	FMGIX
MTPIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MTPIX
RWDIX	0.93	-0.19	0.9	0.86	0.93	0.53	0.86	0.86	0.0		RWDIX
	JSVTX	ETNEX	RYOIX	NSDVX	SISAX	RYTIX	FCIVX	FMGIX	MTPIX	RWDIX

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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

FMGIX	+ 1.0	FCIVX
FCIVX	+ 0.97	RYOIX
FMGIX	+ 0.97	RYOIX
SISAX	+ 0.95	RYOIX
FCIVX	+ 0.94	SISAX
FMGIX	+ 0.94	SISAX

High negative correlations

NSDVX	- 0.36	ETNEX
FMGIX	- 0.24	ETNEX
FCIVX	- 0.24	ETNEX
RYOIX	- 0.21	ETNEX
ETNEX	- 0.2	JSVTX
RWDIX	- 0.19	ETNEX

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
JSVTX	0.98	0.35	0.29	1.21	0.36	(1.12)	2.42	(1.40)	11.41
ETNEX	1.29	(0.21)	0.00	(0.08)	0.00	0.00	2.60	(3.39)	6.50
RYOIX	1.16	0.34	0.26	0.93	0.68	(1.39)	2.71	(1.49)	15.83
NSDVX	0.72	0.11	0.10	0.24	0.60	(0.85)	1.87	(1.37)	4.01
SISAX	0.63	0.18	0.25	0.35	0.12	(0.77)	1.27	(1.02)	10.84
RYTIX	1.17	(0.10)	(0.05)	0.00	1.69	(1.08)	2.16	(2.78)	6.18
FCIVX	1.27	0.79	1.28	(1.29)	0.00	(1.58)	0.87	(0.54)	41.72
FMGIX	1.26	0.79	1.21	(1.29)	0.00	(1.59)	0.87	(0.54)	41.75
MTPIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RWDIX	0.07	0.02	(0.62)	1.64	0.00	(0.11)	0.18	(0.09)	0.36

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