Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JSCOX Fund  USD 27.63  0.04  0.14%   
The current 90-days correlation between Perkins Small Cap and Perkins Mid Cap is 0.94 (i.e., Almost no diversification). The correlation of Perkins Small 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 Small Correlation With Market

Very poor diversification

The correlation between Perkins Small Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Small 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 Small 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 persons.

Moving together with Perkins Mutual Fund

  0.78JRAAX Janus ResearchPairCorr
  0.78JRACX Janus ResearchPairCorr
  0.78JRAIX Janus ResearchPairCorr
  0.78JRANX Janus ResearchPairCorr
  0.76JRARX Janus Henderson ResearchPairCorr
  0.78JRASX Janus ResearchPairCorr
  0.94JAAGX Enterprise PortfolioPairCorr
  0.83JABAX Janus BalancedPairCorr
  0.82JABCX Janus BalancedPairCorr
  0.86JRSAX Intech Managed VolatilityPairCorr
  0.86JRSDX Intech Managed VolatilityPairCorr
  0.87JRSCX Intech Managed VolatilityPairCorr
  0.86JRSIX Intech Managed VolatilityPairCorr
  0.86JRSNX Intech Managed VolatilityPairCorr
  0.86JRSSX Intech Managed VolatilityPairCorr
  0.86JRSTX Intech Managed VolatilityPairCorr
  0.83JACNX Janus ContrarianPairCorr
  0.79JACTX Janus Forty FundPairCorr
  0.82JADGX Janus Growth AndPairCorr
  0.83JABLX Balanced PortfolioPairCorr
  0.83JABNX Janus BalancedPairCorr
  0.83JABRX Janus BalancedPairCorr
  0.78JACAX Forty Portfolio InstPairCorr
  0.78JACCX Janus Forty FundPairCorr
  0.94JAENX Janus EnterprisePairCorr
  0.76JAGRX Research PortfolioPairCorr
  0.77JAGTX Janus Global TechnologyPairCorr
  0.77JAGCX Janus Global TechnologyPairCorr
  0.82JAGIX Janus Growth AndPairCorr
  0.71JAHYX Janus High YieldPairCorr
  0.83JANBX Janus BalancedPairCorr
  0.94JANEX Janus EnterprisePairCorr
  0.94JANIX Janus TritonPairCorr

Moving against Perkins Mutual Fund

  0.56JADFX Janus Flexible BondPairCorr
  0.54JAFIX Janus Flexible BondPairCorr
  0.54JAGLX Janus Global LifePairCorr
  0.52JAFLX Flexible Bond PortfolioPairCorr
  0.54JANFX Janus Flexible BondPairCorr
  0.52JAOSX Janus OverseasPairCorr
  0.5JAIGX Overseas PortfolioPairCorr
  0.36JSHAX Janus Short TermPairCorr
  0.34JSHCX Janus Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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