Perkins Mid Cap Fund Market Value
| JDPAX Fund | USD 15.76 0.11 0.69% |
| Symbol | Perkins |
Perkins Mid 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Perkins Mid's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Perkins Mid.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Perkins Mid on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Perkins Mid Cap or generate 0.0% return on investment in Perkins Mid over 720 days. Perkins Mid is related to or competes with Janus Overseas, Janus Forty, Janus Enterprise, and Real Return. The fund invests at least 80 percent of its net assets in equity securities of companies whose market capitalization fal... More
Perkins Mid Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Perkins Mid's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Perkins Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.68 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.19 |
Perkins Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perkins Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perkins Mid's standard deviation. In reality, there are many statistical measures that can use Perkins Mid historical prices to predict the future Perkins Mid's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.34) |
Perkins Mid Cap Backtested Returns
Perkins Mid Cap maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the entity had a -0.11% return per unit of risk over the last 3 months. Perkins Mid Cap exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Perkins Mid's Variance of 1.87, coefficient of variation of (1,493), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The fund holds a Beta of 0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, Perkins Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Perkins Mid is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
Perkins Mid Cap has weak reverse predictability. Overlapping area represents the amount of predictability between Perkins Mid time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Perkins Mid Cap price movement. The serial correlation of -0.24 indicates that over 24.0% of current Perkins Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
Perkins Mid Cap lagged returns against current returns
Autocorrelation, which is Perkins Mid mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Perkins Mid's mutual fund expected returns. We can calculate the autocorrelation of Perkins Mid returns to help us make a trade decision. For example, suppose you find that Perkins Mid has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Perkins Mid regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Perkins Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perkins Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perkins Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Perkins Mid Lagged Returns
When evaluating Perkins Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perkins Mid mutual fund have on its future price. Perkins Mid autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Perkins Mid autocorrelation shows the relationship between Perkins Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Perkins Mid Cap.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Perkins Mutual Fund
Perkins Mid financial ratios help investors to determine whether Perkins Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Perkins with respect to the benefits of owning Perkins Mid security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |