Perkins Mid Correlations

JMCVX Fund

USD 15.31 0.03 0.20%

The current 90-days correlation between Perkins Mid Cap and Janus Trarian Fund is -0.02 (i.e., Good 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

Good diversification

The correlation between Perkins Mid Cap and DJI is -0.1 (i.e., Good 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 real.

Moving together with Perkins Mutual Fund

0.81	JRAAX	Janus Research	Pair Corr
0.81	JRAIX	Janus Research	Pair Corr
0.81	JRASX	Janus Research	Pair Corr
0.93	JAAGX	Enterprise Portfolio	Pair Corr
0.84	JABAX	Janus Balanced	Pair Corr
0.81	JABCX	Janus Balanced	Pair Corr
0.86	JRSAX	Intech Managed Volatility	Pair Corr
0.86	JRSDX	Intech Managed Volatility	Pair Corr
0.85	JRSNX	Intech Managed Volatility	Pair Corr
0.89	JRSTX	Intech Managed Volatility	Pair Corr
0.85	JACNX	Janus Contrarian	Pair Corr
0.88	JACTX	Janus Forty Fund	Pair Corr
0.86	JADGX	Janus Growth And	Pair Corr
0.8	JABLX	Balanced Portfolio	Pair Corr
0.8	JABNX	Janus Balanced	Pair Corr
0.81	JABRX	Janus Balanced	Pair Corr
0.93	JAENX	Janus Enterprise	Pair Corr
0.84	JAGTX	Janus Global Technology	Pair Corr
0.84	JAGCX	Janus Global Technology	Pair Corr
0.85	JAGIX	Janus Growth And	Pair Corr
0.8	JANBX	Janus Balanced	Pair Corr
0.93	JANEX	Janus Enterprise	Pair Corr
0.9	JANIX	Janus Triton	Pair Corr
0.76	JANRX	Janus Global Select	Pair Corr
0.89	JANVX	Janus Venture	Pair Corr
0.93	JAMVX	Janus Aspen Perkins	Pair Corr
0.83	JARTX	Janus Forty Fund	Pair Corr
0.72	JAWWX	Janus Global Research	Pair Corr
0.93	JSVDX	Perkins Select Value	Pair Corr
0.93	JSVTX	Perkins Select Value	Pair Corr

Moving against Perkins Mutual Fund

0.32	JAFLX	Flexible Bond Portfolio	Pair Corr
0.31	JADFX	Janus Flexible Bond	Pair Corr
0.31	JAFIX	Janus Flexible Bond	Pair Corr
0.43	JASBX	Janus Short Term	Pair Corr
0.4	JUCAX	Janus Global Unconst	Pair Corr
0.34	JDFNX	Janus Flexible Bond	Pair Corr
0.33	JDFAX	Janus Flexible Bond	Pair Corr

Related Correlations Analysis

	JSVAX	JAOSX	JAGIX	JORNX	OAKBX
JSVAX		-0.24	0.87	0.88	0.51	JSVAX
JAOSX	-0.24		-0.09	0.23	0.45	JAOSX
JAGIX	0.87	-0.09		0.83	0.7	JAGIX
JORNX	0.88	0.23	0.83		0.7	JORNX
OAKBX	0.51	0.45	0.7	0.7		OAKBX
	JSVAX	JAOSX	JAGIX	JORNX	OAKBX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JORNX	+ 0.88	JSVAX
JAGIX	+ 0.87	JSVAX
JORNX	+ 0.83	JAGIX
OAKBX	+ 0.7	JAGIX
OAKBX	+ 0.7	JORNX
OAKBX	+ 0.51	JSVAX

High negative correlations

JAOSX	- 0.24	JSVAX
JAGIX	- 0.09	JAOSX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JSVAX	1.09	(0.04)	0.00	(0.11)	0.00	0.00	1.80	(3.09)	5.28
JAOSX	0.66	0.14	0.19	0.18	0.72	(0.73)	1.53	(1.37)	5.54
JAGIX	0.77	(0.09)	0.00	0.40	0.00	0.00	1.18	(1.70)	4.14
JORNX	0.80	0.01	0.00	(0.07)	0.00	0.00	1.21	(1.78)	4.90
OAKBX	0.44	(0.04)	0.00	0.52	0.00	0.00	0.88	(0.90)	2.30

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