Perkins Select Correlations

Mutual Funds . USA . 
Fund . Perkins Select Value
JVSCX Fund  USD 13.50  0.29  2.20%   
The current 90-days correlation between Perkins Select Value and T Rowe Price is 0.49 (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.

Perkins Select Correlation With Market

Very weak diversification

The correlation between Perkins Select Value and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Select Value 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 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 main economic indicators.

Moving together with Perkins Mutual Fund

  0.78JRAAX Janus ResearchPairCorr
  0.78JRACX Janus ResearchPairCorr
  0.78JRAIX Janus ResearchPairCorr
  0.78JRANX Janus ResearchPairCorr
  0.78JRARX Janus Henderson ResearchPairCorr
  0.78JRASX Janus ResearchPairCorr
  0.74JAAGX Enterprise PortfolioPairCorr
  0.73JABAX Janus BalancedPairCorr
  0.81JABCX Janus BalancedPairCorr
  0.82JRSAX Intech Managed VolatilityPairCorr
  0.82JRSDX Intech Managed VolatilityPairCorr
  0.83JRSCX Intech Managed VolatilityPairCorr
  0.82JRSIX Intech Managed VolatilityPairCorr
  0.81JRSNX Intech Managed VolatilityPairCorr
  0.82JRSSX Intech Managed VolatilityPairCorr
  0.82JRSTX Intech Managed VolatilityPairCorr
  0.74JACNX Janus ContrarianPairCorr
  0.83JACTX Janus Forty FundPairCorr
  0.76JADGX Janus Growth AndPairCorr
  0.65JABLX Balanced PortfolioPairCorr
  0.78JABNX Janus BalancedPairCorr
  0.74JABRX Janus BalancedPairCorr
  0.82JACCX Janus Forty FundPairCorr
  0.79JAENX Janus EnterprisePairCorr
  0.79JAGTX Janus Global TechnologyPairCorr
  0.8JAGCX Janus Global TechnologyPairCorr
  0.81JAGIX Janus Growth AndPairCorr
  0.79JANBX Janus BalancedPairCorr
  0.78JANEX Janus EnterprisePairCorr
  0.88JANIX Janus TritonPairCorr
  0.87JANVX Janus VenturePairCorr
  0.78JAMRX Janus ResearchPairCorr
  0.91JAMVX Janus Aspen PerkinsPairCorr

Moving against Perkins Mutual Fund

  0.41JAIGX Overseas PortfolioPairCorr
  0.31JADFX Janus Flexible BondPairCorr
  0.31JAFIX Janus Flexible BondPairCorr
  0.31JAFLX Flexible Bond PortfolioPairCorr
  0.62JSHIX Janus Short TermPairCorr
  0.59JASBX Janus Short TermPairCorr
  0.58JSHAX Janus Short TermPairCorr
  0.41JAOSX Janus OverseasPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY