Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JSCVX Fund  USD 24.30  0.30  1.25%   
The current 90-days correlation between Perkins Small Cap and Perkins Mid Cap is 0.83 (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

Poor diversification

The correlation between Perkins Small Cap and DJI is 0.68 (i.e., Poor 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 small area income & poverty estimates.

Moving together with Perkins Mutual Fund

  0.95JRSIX Intech Managed VolatilityPairCorr
  0.95JRSNX Intech Managed VolatilityPairCorr
  0.89JACTX Janus Forty FundPairCorr
  0.92JADGX Janus Growth AndPairCorr
  0.95JAENX Janus EnterprisePairCorr
  0.86JAGTX Janus Global TechnologyPairCorr
  0.95JAGIX Janus Growth AndPairCorr
  0.89JAGLX Janus Global LifePairCorr
  0.95JANEX Janus EnterprisePairCorr
  0.85JAOSX Janus OverseasPairCorr
  0.97JSCOX Perkins Small CapPairCorr
  0.89JARTX Janus Forty FundPairCorr
  0.85JATAX Janus Global TechnologyPairCorr
  0.93JAWWX Janus Global ResearchPairCorr
  0.81JSVAX Janus ContrarianPairCorr
  0.96JSVTX Perkins Select ValuePairCorr
  0.78JCNAX Janus TrarianPairCorr
  0.81JCNIX Janus TrarianPairCorr
  0.81JCONX Janus TrarianPairCorr
  0.93JCSCX Perkins Small CapPairCorr
  0.84JDHYX Janus High YieldPairCorr
  0.8JDHCX Janus Henderson HighPairCorr
  0.85JDINX Janus OverseasPairCorr
  0.95JDMNX Janus EnterprisePairCorr
  0.94JDPAX Perkins Mid CapPairCorr
  0.97JDPNX Perkins Mid CapPairCorr
  0.97JDPRX Perkins Mid CapPairCorr
  1.0JDSNX Perkins Small CapPairCorr
  0.97JDSRX Perkins Small CapPairCorr

Related Correlations Analysis


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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JMVCX  0.79  0.16  0.15  0.29  0.53 
(0.88)
 1.47 
(1.16)
 10.78 
JDPNX  0.79  0.16  0.15  0.29  0.54 
(0.88)
 1.54 
(1.12)
 10.63 
JDPRX  0.79  0.16  0.15  0.28  0.53 
(0.88)
 1.52 
(1.18)
 10.49 
JMVAX  0.78  0.16  0.16  0.29  0.53 
(0.90)
 1.52 
(1.15)
 10.61 
MASKX  1.05  0.00  0.02  0.08  1.19 
(1.13)
 1.98 
(1.91)
 5.53 
MDSKX  1.05  0.00  0.02  0.08  1.22 
(1.13)
 1.97 
(1.94)
 5.52 
TRLUX  0.58  0.01  0.00  0.09  0.60 
(0.65)
 1.25 
(1.07)
 2.65 
CSQ  0.70 (0.03)(0.03) 0.04  0.92 
(0.73)
 1.46 
(1.42)
 3.80 
POMIX  0.61 (0.01)(0.02) 0.06  0.85 
(0.60)
 1.16 
(1.21)
 3.41 
NINDX  0.85  0.27  0.34  0.31  0.12 
(1.09)
 1.54 
(1.16)
 18.45 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY