Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JISCX Fund  USD 22.16  0.11  0.49%   
The current 90-days correlation between Perkins Small Cap and Janus Overseas Fund is 0.59 (i.e., Very weak 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 poor diversification

The correlation between Perkins Small Cap and DJI is 0.82 (i.e., Very 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 main economic indicators.

Moving together with Perkins Mutual Fund

  0.94JRAAX Janus ResearchPairCorr
  0.94JRACX Janus ResearchPairCorr
  0.94JRAIX Janus ResearchPairCorr
  0.94JRANX Janus ResearchPairCorr
  0.94JRARX Janus Henderson ResearchPairCorr
  0.96JRASX Janus ResearchPairCorr
  0.94JAAGX Enterprise PortfolioPairCorr
  0.94JABAX Janus BalancedPairCorr
  0.96JABCX Janus BalancedPairCorr
  0.94JRSAX Intech Managed VolatilityPairCorr
  0.97JRSDX Intech Managed VolatilityPairCorr
  0.97JRSCX Intech Managed VolatilityPairCorr
  0.97JRSIX Intech Managed VolatilityPairCorr
  0.97JRSNX Intech Managed VolatilityPairCorr
  0.97JRSSX Intech Managed VolatilityPairCorr
  0.97JRSTX Intech Managed VolatilityPairCorr
  0.98JACNX Janus ContrarianPairCorr
  0.96JACTX Janus Forty FundPairCorr
  0.72JADFX Janus Flexible BondPairCorr
  0.94JADGX Janus Growth AndPairCorr
  0.96JABLX Balanced PortfolioPairCorr
  0.96JABNX Janus BalancedPairCorr
  0.96JABRX Janus BalancedPairCorr
  0.96JACAX Forty Portfolio InstPairCorr
  0.94JACCX Janus Forty FundPairCorr
  0.97JAENX Janus EnterprisePairCorr
  0.71JAFIX Janus Flexible BondPairCorr
  0.7JAFLX Flexible Bond PortfolioPairCorr
  0.96JAGRX Research PortfolioPairCorr
  0.96JAGTX Janus Global TechnologyPairCorr
  0.94JAGCX Janus Global TechnologyPairCorr
  0.96JAGIX Janus Growth AndPairCorr
  0.96JAHYX Janus High YieldPairCorr
  0.88JAIGX Overseas PortfolioPairCorr
  0.96JANBX Janus BalancedPairCorr
  0.97JANEX Janus EnterprisePairCorr
  0.71JANFX Janus Flexible BondPairCorr
  0.98JANIX Janus TritonPairCorr
  0.94JANRX 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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