Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JSCVX Fund  USD 27.61  0.04  0.15%   
The current 90-days correlation between Perkins Small Cap and Vanguard Small Cap Value is 0.97 (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 real.

Moving together with PERKINS Mutual Fund

  0.77JRAAX Janus ResearchPairCorr
  0.77JRACX Janus ResearchPairCorr
  0.77JRAIX Janus ResearchPairCorr
  0.77JRANX Janus ResearchPairCorr
  0.77JRARX Janus Henderson ResearchPairCorr
  0.77JRASX Janus ResearchPairCorr
  0.93JAAGX Enterprise PortfolioPairCorr
  0.82JABAX Janus BalancedPairCorr
  0.81JABCX Janus BalancedPairCorr
  0.85JRSAX Intech Managed VolatilityPairCorr
  0.85JRSDX Intech Managed VolatilityPairCorr
  0.85JRSCX Intech Managed VolatilityPairCorr
  0.85JRSIX Intech Managed VolatilityPairCorr
  0.85JRSNX Intech Managed VolatilityPairCorr
  0.85JRSSX Intech Managed VolatilityPairCorr
  0.85JRSTX Intech Managed VolatilityPairCorr
  0.82JACNX Janus ContrarianPairCorr
  0.77JACTX Janus Forty FundPairCorr
  0.8JADGX Janus Growth AndPairCorr
  0.82JABLX Balanced PortfolioPairCorr
  0.82JABNX Janus BalancedPairCorr
  0.81JABRX Janus BalancedPairCorr
  0.77JACAX Forty Portfolio InstPairCorr
  0.77JACCX Janus Forty FundPairCorr
  0.93JAENX Janus EnterprisePairCorr
  0.77JAGRX Research PortfolioPairCorr
  0.77JAGTX Janus Global TechnologyPairCorr
  0.77JAGCX Janus Global TechnologyPairCorr
  0.8JAGIX Janus Growth AndPairCorr
  0.68JAHYX Janus High YieldPairCorr
  0.82JANBX Janus BalancedPairCorr
  0.93JANEX Janus EnterprisePairCorr
  0.93JANIX Janus TritonPairCorr
  0.62JANRX Janus Global SelectPairCorr

Moving against PERKINS Mutual Fund

  0.57JADFX Janus Flexible BondPairCorr
  0.55JAFIX Janus Flexible BondPairCorr
  0.53JAFLX Flexible Bond PortfolioPairCorr
  0.53JAGLX Janus Global LifePairCorr
  0.55JANFX Janus Flexible BondPairCorr
  0.47JAOSX Janus OverseasPairCorr
  0.46JAIGX Overseas PortfolioPairCorr
  0.32JSHCX 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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