Perkins Mid Correlations

Mutual Funds . USA . 
Fund . Perkins Mid Cap
JMCVX Fund  USD 16.18  0.27  1.70%   
The current 90-days correlation between Perkins Mid Cap and Janus Trarian Fund is 0.82 (i.e., Very poor diversification). The correlation of Perkins Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Perkins Mid Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Mid 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 Mid 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

  0.96JRAAX Janus ResearchPairCorr
  0.96JRACX Janus ResearchPairCorr
  0.97JRAIX Janus ResearchPairCorr
  0.96JRANX Janus ResearchPairCorr
  0.97JRARX Janus Henderson ResearchPairCorr
  0.97JRASX Janus ResearchPairCorr
  0.95JAAGX Enterprise PortfolioPairCorr
  0.98JABAX Janus BalancedPairCorr
  0.98JABCX Janus BalancedPairCorr
  0.96JRSAX Intech Managed VolatilityPairCorr
  0.98JRSDX Intech Managed VolatilityPairCorr
  0.98JRSCX Intech Managed VolatilityPairCorr
  0.96JRSIX Intech Managed VolatilityPairCorr
  0.96JRSNX Intech Managed VolatilityPairCorr
  0.96JRSSX Intech Managed VolatilityPairCorr
  0.98JRSTX Intech Managed VolatilityPairCorr
  0.98JACNX Janus ContrarianPairCorr
  0.96JACTX Janus Forty FundPairCorr
  0.7JADFX Janus Flexible BondPairCorr
  0.96JADGX Janus Growth AndPairCorr
  0.98JABLX Balanced PortfolioPairCorr
  0.98JABNX Janus BalancedPairCorr
  0.96JABRX Janus BalancedPairCorr
  0.96JACAX Forty Portfolio InstPairCorr
  0.96JACCX Janus Forty FundPairCorr
  0.98JAENX Janus EnterprisePairCorr
  0.73JAFIX Janus Flexible BondPairCorr
  0.72JAFLX Flexible Bond PortfolioPairCorr
  0.97JAGRX Research PortfolioPairCorr
  0.96JAGTX Janus Global TechnologyPairCorr
  0.96JAGCX Janus Global TechnologyPairCorr
  0.96JAGIX Janus Growth AndPairCorr
  0.97JAHYX Janus High YieldPairCorr
  0.92JAIGX Overseas PortfolioPairCorr
  0.98JANBX Janus BalancedPairCorr
  0.98JANEX Janus EnterprisePairCorr
  0.73JANFX Janus Flexible BondPairCorr
  0.99JANIX Janus TritonPairCorr
  0.95JANRX 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 Mid 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 Mid'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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