Perkins Small Correlations

JISCX Fund

USD 23.15 0.25 1.09%

The current 90-days correlation between Perkins Small Cap and Perkins Mid Cap is -0.08 (i.e., Good 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

Good diversification

The correlation between Perkins Small Cap and DJI is -0.09 (i.e., 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 interest.

Moving together with Perkins Mutual Fund

0.65	JAAGX	Enterprise Portfolio	Pair Corr
0.62	JACNX	Janus Contrarian	Pair Corr
0.65	JAENX	Janus Enterprise	Pair Corr
0.64	JAHYX	Janus High Yield	Pair Corr
0.65	JANEX	Janus Enterprise	Pair Corr

Related Correlations Analysis

	JMVCX	JDPNX	JDPRX	JMVAX	MASKX	MDSKX	POMIX	SVBAX	MAAGX	TRLUX
JMVCX		1.0	1.0	1.0	0.16	0.16	-0.04	-0.15	0.08	0.21	JMVCX
JDPNX	1.0		1.0	1.0	0.23	0.23	0.03	-0.07	0.14	0.27	JDPNX
JDPRX	1.0	1.0		1.0	0.18	0.18	-0.02	-0.12	0.1	0.23	JDPRX
JMVAX	1.0	1.0	1.0		0.22	0.22	0.02	-0.08	0.13	0.27	JMVAX
MASKX	0.16	0.23	0.18	0.22		1.0	0.92	0.88	0.84	0.82	MASKX
MDSKX	0.16	0.23	0.18	0.22	1.0		0.92	0.88	0.84	0.82	MDSKX
POMIX	-0.04	0.03	-0.02	0.02	0.92	0.92		0.94	0.87	0.79	POMIX
SVBAX	-0.15	-0.07	-0.12	-0.08	0.88	0.88	0.94		0.9	0.78	SVBAX
MAAGX	0.08	0.14	0.1	0.13	0.84	0.84	0.87	0.9		0.9	MAAGX
TRLUX	0.21	0.27	0.23	0.27	0.82	0.82	0.79	0.78	0.9		TRLUX
	JMVCX	JDPNX	JDPRX	JMVAX	MASKX	MDSKX	POMIX	SVBAX	MAAGX	TRLUX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JDPNX	+ 1.0	JMVCX
JDPRX	+ 1.0	JMVCX
JMVAX	+ 1.0	JMVCX
JDPRX	+ 1.0	JDPNX
JMVAX	+ 1.0	JDPNX
JMVAX	+ 1.0	JDPRX

High negative correlations

SVBAX	- 0.15	JMVCX
SVBAX	- 0.12	JDPRX
SVBAX	- 0.08	JMVAX
SVBAX	- 0.07	JDPNX
POMIX	- 0.04	JMVCX
POMIX	- 0.02	JDPRX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JMVCX	0.59	(0.09)	(0.13)	(0.01)	0.67	(0.70)	1.49	(1.05)	4.13
JDPNX	0.59	(0.09)	(0.12)	0.00	0.67	(0.71)	1.47	(1.04)	4.15
JDPRX	0.59	(0.09)	(0.12)	(0.01)	0.67	(0.70)	1.46	(1.03)	4.18
JMVAX	0.60	(0.09)	(0.12)	0.00	0.67	(0.71)	1.52	(1.04)	4.18
MASKX	0.92	0.00	0.05	0.08	0.94	(1.02)	2.48	(1.76)	6.84
MDSKX	0.92	0.00	0.04	0.08	0.94	(1.03)	2.52	(1.80)	6.88
POMIX	0.51	0.00	0.00	0.09	0.64	(0.53)	1.17	(1.02)	4.46
SVBAX	0.34	0.09	0.01	(0.91)	0.22	(0.40)	0.69	(0.48)	2.73
MAAGX	0.41	0.05	(0.07)	(0.30)	0.52	(0.41)	0.96	(0.72)	3.81
TRLUX	0.45	0.06	(0.06)	(0.37)	0.47	(0.53)	0.97	(0.81)	3.70

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