Perkins Mid Correlations

Mutual Funds . USA . 
Fund . Perkins Mid Cap
JMVAX Fund  USD 18.28  0.02  0.11%   
The current 90-days correlation between Perkins Mid Cap and Dunham High Yield is 0.39 (i.e., Weak diversification). The correlation of Perkins Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Perkins Mid Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Mid 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 Mid 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 nation.

Moving together with Perkins Mutual Fund

  0.91JRACX Janus ResearchPairCorr
  0.91JRAIX Janus ResearchPairCorr
  0.91JRARX Janus Henderson ResearchPairCorr
  0.91JRASX Janus ResearchPairCorr
  0.98JAAGX Enterprise PortfolioPairCorr
  0.93JABAX Janus BalancedPairCorr
  0.93JABCX Janus BalancedPairCorr
  0.97JRSTX Intech Managed VolatilityPairCorr
  0.92JACTX Janus Forty FundPairCorr
  0.94JADGX Janus Growth AndPairCorr
  0.93JABRX Janus BalancedPairCorr
  0.92JACCX Janus Forty FundPairCorr
  0.98JAENX Janus EnterprisePairCorr
  0.9JAGTX Janus Global TechnologyPairCorr
  0.9JAGCX Janus Global TechnologyPairCorr
  0.95JAGIX Janus Growth AndPairCorr
  0.81JAHYX Janus High YieldPairCorr
  0.91JAMRX Janus ResearchPairCorr
  0.92JARTX Janus Forty FundPairCorr
  0.98JATTX Janus TritonPairCorr
  0.9JATIX Janus Global TechnologyPairCorr
  0.92JAWWX Janus Global ResearchPairCorr
  0.63JSPMX Janus Global AllocationPairCorr
  0.72JSPGX Janus Global AllocationPairCorr
  0.98JSVDX Perkins Select ValuePairCorr
  0.98JSVTX Perkins Select ValuePairCorr
  0.92JCAPX Janus Forty FundPairCorr
  0.95JCNIX Janus ContrarianPairCorr
  0.93JDBAX Janus BalancedPairCorr
  0.92JDCAX Janus Forty FundPairCorr
  0.92JDCRX Janus Forty FundPairCorr
  0.98JDMAX Janus EnterprisePairCorr
  0.98JDMNX Janus EnterprisePairCorr
  0.95JDNAX Janus Growth AndPairCorr

Moving against Perkins Mutual Fund

  0.66JADFX Janus Flexible BondPairCorr
  0.65JAFIX Janus Flexible BondPairCorr
  0.62JAFLX Flexible Bond PortfolioPairCorr
  0.61JAGLX Janus Global LifePairCorr
  0.64JFLEX Janus Flexible BondPairCorr
  0.61JFNSX Janus Global LifePairCorr
  0.61JFNCX Janus Global LifePairCorr
  0.61JFNIX Janus Global LifePairCorr
  0.43JDIRX Janus OverseasPairCorr
  0.43JERTX Janus Global RealPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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