Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JSCOX Fund  USD 21.21  0.35  1.62%   
The current 90-days correlation between Perkins Small Cap and Pgim Jennison Diversified is 0.89 (i.e., Very poor 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

Almost no diversification

The correlation between Perkins Small Cap and DJI is 0.91 (i.e., Almost no 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

  0.71JRAAX Janus ResearchPairCorr
  0.71JRAIX Janus ResearchPairCorr
  0.67JRANX Janus ResearchPairCorr
  0.72JRARX Janus Henderson ResearchPairCorr
  0.72JRASX Janus ResearchPairCorr
  0.8JAAGX Enterprise PortfolioPairCorr
  0.77JABAX Janus BalancedPairCorr
  0.78JABCX Janus BalancedPairCorr
  0.82JRSAX Intech Managed VolatilityPairCorr
  0.83JRSCX Intech Managed VolatilityPairCorr
  0.82JRSIX Intech Managed VolatilityPairCorr
  0.82JRSSX Intech Managed VolatilityPairCorr
  0.82JRSTX Intech Managed VolatilityPairCorr
  0.93JACNX Janus ContrarianPairCorr
  0.79JACTX Janus Forty FundPairCorr
  0.72JADGX Janus Growth AndPairCorr
  0.77JABLX Balanced PortfolioPairCorr
  0.77JABNX Janus BalancedPairCorr
  0.77JABRX Janus BalancedPairCorr
  0.8JACCX Janus Forty FundPairCorr
  0.89JAENX Janus EnterprisePairCorr
  0.71JAGRX Research PortfolioPairCorr
  0.68JAGTX Janus Global TechnologyPairCorr
  0.77JAGIX Janus Growth AndPairCorr
  0.84JAHYX Janus High YieldPairCorr
  0.88JANEX Janus EnterprisePairCorr
  0.91JANIX Janus TritonPairCorr
  0.8JANRX Janus Global SelectPairCorr
  0.71JAMRX Janus ResearchPairCorr
  0.81JAOSX Janus OverseasPairCorr
  0.8JARTX Janus Forty FundPairCorr
  0.65JATAX Janus Global TechnologyPairCorr
  0.68JATIX Janus Global TechnologyPairCorr
  0.76JAWWX Janus Global ResearchPairCorr

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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