Perkins Select Correlations

Mutual Funds . USA . 
Fund . Perkins Select Value
JSVSX Fund  USD 15.37  0.04  0.26%   
The current 90-days correlation between Perkins Select Value and Janus Growth And is 0.82 (i.e., Very poor diversification). The correlation of Perkins Select 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 Select Correlation With Market

Very poor diversification

The correlation between Perkins Select Value and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Select Value 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 Select Value. 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 state.

Moving together with Perkins Mutual Fund

  0.96JRAAX Janus ResearchPairCorr
  0.96JRACX Janus ResearchPairCorr
  0.96JRAIX Janus ResearchPairCorr
  0.96JRANX Janus ResearchPairCorr
  0.96JRARX Janus Henderson ResearchPairCorr
  0.96JRASX Janus ResearchPairCorr
  0.96JAAGX Enterprise PortfolioPairCorr
  0.97JABAX Janus BalancedPairCorr
  0.97JABCX Janus BalancedPairCorr
  0.97JRSAX 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
  0.97JACTX Janus Forty FundPairCorr
  0.69JADFX Janus Flexible BondPairCorr
  0.97JADGX Janus Growth AndPairCorr
  0.97JABLX Balanced PortfolioPairCorr
  0.97JABNX Janus BalancedPairCorr
  0.97JABRX Janus BalancedPairCorr
  0.97JACAX Forty Portfolio InstPairCorr
  0.97JACCX Janus Forty FundPairCorr
  0.96JAENX Janus EnterprisePairCorr
  0.72JAFIX Janus Flexible BondPairCorr
  0.72JAFLX Flexible Bond PortfolioPairCorr
  0.96JAGRX Research PortfolioPairCorr
  0.97JAGTX Janus Global TechnologyPairCorr
  0.97JAGCX Janus Global TechnologyPairCorr
  0.97JAGIX Janus Growth AndPairCorr
  0.96JAHYX Janus High YieldPairCorr
  0.89JAIGX Overseas PortfolioPairCorr
  0.97JANBX Janus BalancedPairCorr
  0.96JANEX Janus EnterprisePairCorr
  0.71JANFX Janus Flexible BondPairCorr
  0.98JANIX Janus TritonPairCorr
  0.95JANRX 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 Select 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 Select'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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