Perkins Select Correlations

Mutual Funds . USA . 
Fund . Perkins Select Value
JSVDX Fund  USD 14.83  0.30  2.06%   
The current 90-days correlation between Perkins Select Value and Janus Global Allocation is 0.58 (i.e., Very weak diversification). The correlation of Perkins Select 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Perkins Select Value. 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 unemployment.

Moving together with Perkins Mutual Fund

  0.93JRAAX Janus ResearchPairCorr
  0.93JRACX Janus ResearchPairCorr
  0.93JRAIX Janus ResearchPairCorr
  0.93JRANX Janus ResearchPairCorr
  0.93JRARX Janus Henderson ResearchPairCorr
  0.93JRASX Janus ResearchPairCorr
  0.81JAAGX Enterprise PortfolioPairCorr
  0.67JABAX Janus BalancedPairCorr
  0.79JABCX Janus BalancedPairCorr
  0.8JRSAX Intech Managed VolatilityPairCorr
  0.8JRSDX Intech Managed VolatilityPairCorr
  0.91JRSCX Intech Managed VolatilityPairCorr
  0.9JRSIX Intech Managed VolatilityPairCorr
  0.8JRSNX Intech Managed VolatilityPairCorr
  0.8JRSSX Intech Managed VolatilityPairCorr
  0.9JRSTX Intech Managed VolatilityPairCorr
  0.9JACNX Janus ContrarianPairCorr
  0.86JACTX Janus Forty FundPairCorr
  0.75JADGX Janus Growth AndPairCorr
  0.77JABLX Balanced PortfolioPairCorr
  0.77JABNX Janus BalancedPairCorr
  0.78JABRX Janus BalancedPairCorr
  0.84JACAX Forty Portfolio InstPairCorr
  0.93JACCX Janus Forty FundPairCorr
  0.89JAENX Janus EnterprisePairCorr
  0.93JAGRX Research PortfolioPairCorr
  0.92JAGTX Janus Global TechnologyPairCorr
  0.85JAGCX Janus Global TechnologyPairCorr
  0.85JAGIX Janus Growth AndPairCorr
  0.77JANBX Janus BalancedPairCorr
  0.89JANEX Janus EnterprisePairCorr
  0.95JANIX Janus TritonPairCorr
  0.61JANRX Janus Global SelectPairCorr

Moving against Perkins Mutual Fund

  0.72JADFX Janus Flexible BondPairCorr
  0.72JAFIX Janus Flexible BondPairCorr
  0.67JAFLX Flexible Bond PortfolioPairCorr
  0.78JSHCX Janus Short TermPairCorr
  0.76JASBX Janus Short TermPairCorr
  0.76JSHIX Janus Short TermPairCorr
  0.75JSHAX Janus Short TermPairCorr
  0.75JSHNX Janus Short TermPairCorr
  0.74JANFX Janus Flexible BondPairCorr
  0.65JAIGX Overseas PortfolioPairCorr
  0.65JAOSX Janus OverseasPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Perkins Mutual Fund performing well and Perkins Select 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 Select'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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