Perkins Select Correlations

Mutual Funds . USA . 
Fund . Perkins Select Value
JVSCX Fund  USD 14.53  0.11  0.75%   
The current 90-days correlation between Perkins Select Value and Rbc Global Equity is -0.21 (i.e., Very good 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 main economic indicators.

Moving together with Perkins Mutual Fund

  0.95JRAAX Janus ResearchPairCorr
  0.94JRACX Janus ResearchPairCorr
  0.96JRAIX Janus ResearchPairCorr
  0.95JRANX Janus ResearchPairCorr
  0.96JRARX Janus Henderson ResearchPairCorr
  0.96JRASX Janus ResearchPairCorr
  0.94JAAGX Enterprise PortfolioPairCorr
  0.97JABAX Janus BalancedPairCorr
  0.96JABCX Janus BalancedPairCorr
  0.95JRSAX Intech Managed VolatilityPairCorr
  0.95JRSDX Intech Managed VolatilityPairCorr
  0.95JRSCX Intech Managed VolatilityPairCorr
  0.97JRSIX Intech Managed VolatilityPairCorr
  0.97JRSNX Intech Managed VolatilityPairCorr
  0.97JRSSX Intech Managed VolatilityPairCorr
  0.95JRSTX Intech Managed VolatilityPairCorr
  0.98JACNX Janus ContrarianPairCorr
  0.95JACTX Janus Forty FundPairCorr
  0.7JADFX Janus Flexible BondPairCorr
  0.95JADGX Janus Growth AndPairCorr
  0.96JABLX Balanced PortfolioPairCorr
  0.96JABNX Janus BalancedPairCorr
  0.95JABRX Janus BalancedPairCorr
  0.97JACAX Forty Portfolio InstPairCorr
  0.95JACCX Janus Forty FundPairCorr
  0.96JAENX Janus EnterprisePairCorr
  0.71JAFIX Janus Flexible BondPairCorr
  0.71JAFLX 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
  0.96JANBX Janus BalancedPairCorr
  0.96JANEX Janus EnterprisePairCorr
  0.71JANFX Janus Flexible BondPairCorr
  0.95JANIX 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 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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