Perkins Small Correlations

Mutual Funds USA . 
Fund . Perkins Small Cap
JSIVX Fund  USD 28.63  0.03  0.10%   
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 real.

Moving together with Perkins Mutual Fund

  0.79JRAAX Janus ResearchPairCorr
  0.79JRACX Janus ResearchPairCorr
  0.79JRAIX Janus ResearchPairCorr
  0.79JRANX Janus ResearchPairCorr
  0.77JRARX Janus Henderson ResearchPairCorr
  0.79JRASX Janus ResearchPairCorr
  0.95JAAGX Enterprise PortfolioPairCorr
  0.84JABAX Janus BalancedPairCorr
  0.84JABCX Janus BalancedPairCorr
  0.88JRSAX Intech Managed VolatilityPairCorr
  0.87JRSDX Intech Managed VolatilityPairCorr
  0.88JRSCX Intech Managed VolatilityPairCorr
  0.88JRSIX Intech Managed VolatilityPairCorr
  0.88JRSNX Intech Managed VolatilityPairCorr
  0.88JRSSX Intech Managed VolatilityPairCorr
  0.88JRSTX Intech Managed VolatilityPairCorr
  0.85JACNX Janus ContrarianPairCorr
  0.8JACTX Janus Forty FundPairCorr
  0.83JADGX Janus Growth AndPairCorr
  0.85JABLX Balanced PortfolioPairCorr
  0.85JABNX Janus BalancedPairCorr
  0.84JABRX Janus BalancedPairCorr
  0.8JACAX Forty Portfolio InstPairCorr
  0.8JACCX Janus Forty FundPairCorr
  0.94JAENX Janus EnterprisePairCorr
  0.79JAGRX Research PortfolioPairCorr
  0.78JAGTX Janus Global TechnologyPairCorr
  0.78JAGCX Janus Global TechnologyPairCorr
  0.83JAGIX Janus Growth AndPairCorr
  0.67JAHYX Janus High YieldPairCorr
  0.84JANBX Janus BalancedPairCorr
  0.94JANEX Janus EnterprisePairCorr
  0.9JANIX Janus TritonPairCorr
  0.65JANRX Janus Global SelectPairCorr

Moving against Perkins Mutual Fund

  0.55JADFX Janus Flexible BondPairCorr
  0.55JAFIX Janus Flexible BondPairCorr
  0.52JAFLX Flexible Bond PortfolioPairCorr
  0.56JAGLX Janus Global LifePairCorr
  0.54JANFX Janus Flexible BondPairCorr
  0.49JAOSX Janus OverseasPairCorr
  0.47JAIGX Overseas PortfolioPairCorr
  0.34JSHCX Janus Short TermPairCorr
  0.33JSHSX Janus Short TermPairCorr

Related Correlations Analysis

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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   
JGMRX
+ 0.98
JDPRX
ERSMX
+ 0.98
JDPRX
ERSMX
+ 0.97
JGMRX
PRRRX
+ 0.69
JDIRX
  
High negative correlations   
PRRRX
- 0.56
JGMRX
PRRRX
- 0.49
JDPRX
ERSMX
- 0.45
PRRRX
JDIRX
- 0.45
JGMRX
JDIRX
- 0.42
JDPRX
ERSMX
- 0.33
JDIRX

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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