Perkins Select Value Fund Market Value
| JSVDX Fund | USD 18.50 0.02 0.11% |
| Symbol | Perkins |
Perkins Select 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Perkins Select's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Perkins Select.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Perkins Select on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Perkins Select Value or generate 0.0% return on investment in Perkins Select over 30 days. Perkins Select is related to or competes with Kinetics Small, Chase Growth, L Abbett, Tfa Alphagen, Ab Small, and Qs Growth. The fund pursues its investment objective by investing, under normal circumstances, at least 80 percent of its net asset... More
Perkins Select Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Perkins Select's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Perkins Select Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8972 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.39 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.75 |
Perkins Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perkins Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perkins Select's standard deviation. In reality, there are many statistical measures that can use Perkins Select historical prices to predict the future Perkins Select's volatility.| Risk Adjusted Performance | 0.087 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0878 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Perkins Select's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Perkins Select Value Backtested Returns
At this stage we consider Perkins Mutual Fund to be very steady. Perkins Select Value maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Perkins Select Value, which you can use to evaluate the volatility of the fund. Please check Perkins Select's Coefficient Of Variation of 910.99, semi deviation of 0.697, and Risk Adjusted Performance of 0.087 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The fund holds a Beta of 1.27, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Perkins Select will likely underperform.
Auto-correlation | 0.79 |
Good predictability
Perkins Select Value has good predictability. Overlapping area represents the amount of predictability between Perkins Select time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Perkins Select Value price movement. The serial correlation of 0.79 indicates that around 79.0% of current Perkins Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Perkins Select Value lagged returns against current returns
Autocorrelation, which is Perkins Select mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Perkins Select's mutual fund expected returns. We can calculate the autocorrelation of Perkins Select returns to help us make a trade decision. For example, suppose you find that Perkins Select has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Perkins Select regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Perkins Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perkins Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perkins Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Perkins Select Lagged Returns
When evaluating Perkins Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perkins Select mutual fund have on its future price. Perkins Select autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Perkins Select autocorrelation shows the relationship between Perkins Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Perkins Select Value.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Perkins Mutual Fund
Perkins Select financial ratios help investors to determine whether Perkins Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Perkins with respect to the benefits of owning Perkins Select security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
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