Perkins Select Correlations

JSVTX Fund

USD 16.06 0.01 0.06%

The current 90-days correlation between Perkins Select Value and Perkins Select Value is 1.0 (i.e., No risk reduction). 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

Poor diversification

The correlation between Perkins Select Value and DJI is 0.74 (i.e., 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 manufacturing.

Moving together with Perkins Mutual Fund

0.72	JAAGX	Enterprise Portfolio	Pair Corr
0.7	JAENX	Janus Enterprise	Pair Corr
0.69	JANEX	Janus Enterprise	Pair Corr

Moving against Perkins Mutual Fund

0.52	JRACX	Janus Research	Pair Corr
0.5	JRAAX	Janus Research	Pair Corr
0.45	JRSAX	Intech Managed Volatility	Pair Corr
0.42	JRSDX	Intech Managed Volatility	Pair Corr
0.37	JRAIX	Janus Research	Pair Corr
0.37	JRANX	Janus Research	Pair Corr
0.37	JRASX	Janus Research	Pair Corr
0.36	JRARX	Janus Henderson Research	Pair Corr
0.32	JRSNX	Intech Managed Volatility	Pair Corr
0.31	JRSIX	Intech Managed Volatility	Pair Corr
0.31	JRSSX	Intech Managed Volatility	Pair Corr
0.31	JRSTX	Intech Managed Volatility	Pair Corr
0.56	JAGCX	Janus Global Technology	Pair Corr
0.5	JAGRX	Research Portfolio	Pair Corr
0.47	JADGX	Janus Growth And	Pair Corr
0.47	JACAX	Forty Portfolio Inst	Pair Corr
0.44	JAGLX	Janus Global Life	Pair Corr
0.43	JAGTX	Janus Global Technology	Pair Corr
0.34	JACTX	Janus Forty Fund	Pair Corr
0.33	JABLX	Balanced Portfolio	Pair Corr
0.33	JACCX	Janus Forty Fund	Pair Corr
0.33	JAGIX	Janus Growth And	Pair Corr
0.31	JAHYX	Janus High Yield	Pair Corr
0.47	JAIGX	Overseas Portfolio	Pair Corr
0.43	JASBX	Janus Short Term	Pair Corr
0.42	JANBX	Janus Balanced	Pair Corr
0.42	JAOSX	Janus Overseas	Pair Corr
0.4	JATNX	Janus Henderson Global	Pair Corr
0.37	JANRX	Janus Global Select	Pair Corr

Related Correlations Analysis

	JVSIX	RYOIX	ETNEX	NSDVX	RYTIX	SISAX	FMGIX	MTPIX	FCIVX	RWDIX
JVSIX		-0.45	-0.27	0.7	-0.43	-0.09	-0.34	0.0	-0.34	-0.09	JVSIX
RYOIX	-0.45		0.79	-0.58	0.87	0.56	0.65	0.0	0.65	0.62	RYOIX
ETNEX	-0.27	0.79		-0.2	0.95	0.83	0.26	0.0	0.26	0.84	ETNEX
NSDVX	0.7	-0.58	-0.2		-0.33	0.02	-0.57	0.0	-0.57	0.07	NSDVX
RYTIX	-0.43	0.87	0.95	-0.33		0.82	0.48	0.0	0.48	0.82	RYTIX
SISAX	-0.09	0.56	0.83	0.02	0.82		0.28	0.0	0.27	0.8	SISAX
FMGIX	-0.34	0.65	0.26	-0.57	0.48	0.28		0.0	1.0	0.27	FMGIX
MTPIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MTPIX
FCIVX	-0.34	0.65	0.26	-0.57	0.48	0.27	1.0	0.0		0.27	FCIVX
RWDIX	-0.09	0.62	0.84	0.07	0.82	0.8	0.27	0.0	0.27		RWDIX
	JVSIX	RYOIX	ETNEX	NSDVX	RYTIX	SISAX	FMGIX	MTPIX	FCIVX	RWDIX

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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

FCIVX	+ 1.0	FMGIX
RYTIX	+ 0.95	ETNEX
RYTIX	+ 0.87	RYOIX
RWDIX	+ 0.84	ETNEX
SISAX	+ 0.83	ETNEX
SISAX	+ 0.82	RYTIX

High negative correlations

NSDVX	- 0.58	RYOIX
FCIVX	- 0.57	NSDVX
FMGIX	- 0.57	NSDVX
RYOIX	- 0.45	JVSIX
RYTIX	- 0.43	JVSIX
FCIVX	- 0.34	JVSIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JVSIX	0.76	(0.15)	0.00	(0.01)	0.00	0.00	1.72	(1.27)	6.01
RYOIX	0.85	0.17	0.16	0.32	0.65	(0.98)	2.20	(1.46)	4.40
ETNEX	1.01	0.01	0.03	0.13	1.13	(1.17)	2.28	(1.85)	6.47
NSDVX	0.68	(0.11)	(0.15)	(0.01)	0.80	(0.78)	1.57	(1.34)	5.48
RYTIX	0.95	0.03	0.04	0.14	1.17	(0.99)	2.02	(1.77)	6.35
SISAX	0.39	(0.03)	(0.10)	0.08	0.48	(0.40)	0.90	(0.62)	3.59
FMGIX	0.40	0.01	(0.14)	0.15	0.49	(0.43)	0.79	(0.78)	2.14
MTPIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCIVX	0.40	0.01	(0.14)	0.14	0.51	(0.42)	0.79	(0.78)	2.19
RWDIX	0.09	0.00	(0.57)	0.09	0.00	(0.15)	0.18	(0.18)	0.73

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