Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JDSAX Fund  USD 22.58  0.39  1.70%   
The current 90-days correlation between Perkins Small Cap and Perkins Mid Cap is 0.95 (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

Good diversification

The correlation between Perkins Small Cap and DJI is -0.11 (i.e., Good 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 nation.

Moving together with Perkins Mutual Fund

  0.61JRAAX Janus ResearchPairCorr
  0.95JRACX Janus ResearchPairCorr
  0.95JRANX Janus ResearchPairCorr
  0.95JRASX Janus ResearchPairCorr
  0.63JABAX Janus BalancedPairCorr
  0.62JRSCX Intech Managed VolatilityPairCorr
  0.97JRSIX Intech Managed VolatilityPairCorr
  0.96JRSNX Intech Managed VolatilityPairCorr
  0.67JADFX Janus Flexible BondPairCorr
  0.61JADGX Janus Growth AndPairCorr
  0.94JABNX Janus BalancedPairCorr
  0.95JABRX Janus BalancedPairCorr
  0.62JACAX Forty Portfolio InstPairCorr
  0.94JAENX Janus EnterprisePairCorr
  0.65JAFLX Flexible Bond PortfolioPairCorr
  0.95JAGTX Janus Global TechnologyPairCorr
  0.95JAGCX Janus Global TechnologyPairCorr
  0.95JAGIX Janus Growth AndPairCorr
  0.95JAHYX Janus High YieldPairCorr
  0.64JANFX Janus Flexible BondPairCorr
  0.62JANIX Janus TritonPairCorr
  0.93JANRX Janus Global SelectPairCorr

Related Correlations Analysis

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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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