Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JSCOX Fund  USD 22.65  0.37  1.66%   
The current 90-days correlation between Perkins Small Cap and Pnc Balanced Allocation is 0.05 (i.e., Significant 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

Very good diversification

The correlation between Perkins Small Cap and DJI is -0.22 (i.e., Very 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 persons.

Moving together with Perkins Mutual Fund

  0.61JRAAX Janus ResearchPairCorr
  0.69JRACX Janus ResearchPairCorr
  0.79JRAIX Janus ResearchPairCorr
  0.8JRANX Janus ResearchPairCorr
  0.79JRARX Janus Henderson ResearchPairCorr
  0.79JRASX Janus ResearchPairCorr
  0.81JAAGX Enterprise PortfolioPairCorr
  0.95JABAX Janus BalancedPairCorr
  0.81JABCX Janus BalancedPairCorr
  0.81JRSAX Intech Managed VolatilityPairCorr
  0.8JRSDX Intech Managed VolatilityPairCorr
  0.8JRSCX Intech Managed VolatilityPairCorr
  0.81JRSIX Intech Managed VolatilityPairCorr
  0.8JRSNX Intech Managed VolatilityPairCorr
  0.8JRSSX Intech Managed VolatilityPairCorr
  0.8JRSTX Intech Managed VolatilityPairCorr
  0.8JACNX Janus ContrarianPairCorr
  0.79JACTX Janus Forty FundPairCorr
  0.71JADGX Janus Growth AndPairCorr
  0.8JABLX Balanced PortfolioPairCorr
  0.95JABNX Janus BalancedPairCorr
  0.71JABRX Janus BalancedPairCorr
  0.8JACAX Forty Portfolio InstPairCorr
  0.69JACCX Janus Forty FundPairCorr
  0.8JAENX Janus EnterprisePairCorr
  0.62JAFIX Janus Flexible BondPairCorr
  0.95JAGRX Research PortfolioPairCorr
  0.8JAGTX Janus Global TechnologyPairCorr
  0.81JAGCX Janus Global TechnologyPairCorr
  0.72JAHYX Janus High YieldPairCorr
  0.74JAIGX Overseas PortfolioPairCorr
  0.8JANBX Janus BalancedPairCorr
  0.8JANEX Janus EnterprisePairCorr
  0.97JANIX Janus TritonPairCorr
  0.92JANRX 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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