Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JDSAX Fund  USD 22.79  0.03  0.13%   
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

Average diversification

The correlation between Perkins Small Cap and DJI is 0.19 (i.e., Average 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 nation.

Moving together with Perkins Mutual Fund

  0.65JRAAX Janus ResearchPairCorr
  0.76JRACX Janus ResearchPairCorr
  0.65JRAIX Janus ResearchPairCorr
  0.64JRANX Janus ResearchPairCorr
  0.69JRARX Janus Henderson ResearchPairCorr
  0.69JRASX Janus ResearchPairCorr
  0.87JABAX Janus BalancedPairCorr
  0.97JABCX Janus BalancedPairCorr
  0.68JRSAX Intech Managed VolatilityPairCorr
  0.69JRSDX Intech Managed VolatilityPairCorr
  0.72JRSCX Intech Managed VolatilityPairCorr
  0.61JRSIX Intech Managed VolatilityPairCorr
  0.71JRSNX Intech Managed VolatilityPairCorr
  0.61JRSSX Intech Managed VolatilityPairCorr
  0.62JRSTX Intech Managed VolatilityPairCorr
  0.93JACNX Janus ContrarianPairCorr
  0.92JACTX Janus Forty FundPairCorr
  0.8JADGX Janus Growth AndPairCorr
  0.97JABNX Janus BalancedPairCorr
  0.97JABRX Janus BalancedPairCorr
  0.79JACCX Janus Forty FundPairCorr
  0.89JAENX Janus EnterprisePairCorr
  0.8JAGTX Janus Global TechnologyPairCorr
  0.82JAGCX Janus Global TechnologyPairCorr
  0.68JAGLX Janus Global LifePairCorr
  0.97JANBX Janus BalancedPairCorr
  0.96JANEX Janus EnterprisePairCorr
  0.96JANIX Janus TritonPairCorr
  0.83JANRX Janus Global SelectPairCorr

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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