Perkins Mid Correlations

Mutual Funds . USA . 
Fund . Perkins Mid Cap
JDPRX Fund  USD 16.19  0.13  0.81%   
The current 90-days correlation between Perkins Mid Cap and Janus Forty Fund is 0.51 (i.e., Very weak 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

Almost no diversification

The correlation between Perkins Mid Cap and DJI is 0.9 (i.e., Almost no 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 metropolitan statistical area.

Moving together with Perkins Mutual Fund

  0.95JRAAX Janus ResearchPairCorr
  0.95JRACX Janus ResearchPairCorr
  0.95JRANX Janus ResearchPairCorr
  0.97JRASX Janus ResearchPairCorr
  0.96JABAX Janus BalancedPairCorr
  0.98JABCX Janus BalancedPairCorr
  0.96JRSIX Intech Managed VolatilityPairCorr
  0.98JRSNX Intech Managed VolatilityPairCorr
  0.7JADFX Janus Flexible BondPairCorr
  0.96JADGX Janus Growth AndPairCorr
  0.98JABNX Janus BalancedPairCorr
  0.98JABRX Janus BalancedPairCorr
  0.96JACCX Janus Forty FundPairCorr
  0.98JAENX Janus EnterprisePairCorr
  0.72JAFIX Janus Flexible BondPairCorr
  0.72JAFLX Flexible Bond PortfolioPairCorr
  0.97JAGRX Research PortfolioPairCorr
  0.97JAGTX Janus Global TechnologyPairCorr
  0.96JAGCX Janus Global TechnologyPairCorr
  0.98JAGIX Janus Growth AndPairCorr
  0.97JAHYX Janus High YieldPairCorr
  0.72JANFX Janus Flexible BondPairCorr
  0.97JAMRX Janus ResearchPairCorr
  0.84JASBX Janus Short TermPairCorr
  0.97JATNX Janus Henderson GlobalPairCorr
  0.84JSHCX Janus Short TermPairCorr
  0.99JATTX Janus TritonPairCorr
  0.85JSHSX Janus Short TermPairCorr
  0.97JAWWX Janus Global ResearchPairCorr
  0.99JSMGX Janus TritonPairCorr
  0.98JSPMX Janus Global AllocationPairCorr
  0.98JSPCX Janus Global AllocationPairCorr
  0.98JSPGX Janus Global AllocationPairCorr
  0.98JBALX Janus BalancedPairCorr
  0.98JSVAX Janus ContrarianPairCorr
  0.96JCAAX Janus Global AllocationPairCorr
  0.96JCACX Janus Global AllocationPairCorr
  0.98JCAIX Janus Global AllocationPairCorr
  0.97JCAPX Janus Forty FundPairCorr

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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