Perkins Mid Correlations

Mutual Funds . USA . 
Fund . Perkins Mid Cap
JMVCX Fund  USD 15.35  0.19  1.22%   
The current 90-days correlation between Perkins Mid Cap and Janus Trarian Fund is 0.38 (i.e., Weak diversification). The correlation of Perkins Mid 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 Mid Correlation With Market

Weak diversification

The correlation between Perkins Mid Cap and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Mid 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 Mid 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 unemployment.

Moving together with Perkins Mutual Fund

  0.93JRAAX Janus ResearchPairCorr
  0.91JRARX Janus Henderson ResearchPairCorr
  0.91JRASX Janus ResearchPairCorr
  0.89JAAGX Enterprise PortfolioPairCorr
  0.98JABAX Janus BalancedPairCorr
  0.98JABCX Janus BalancedPairCorr
  0.97JRSAX Intech Managed VolatilityPairCorr
  0.99JRSDX Intech Managed VolatilityPairCorr
  0.99JRSCX Intech Managed VolatilityPairCorr
  0.99JRSIX Intech Managed VolatilityPairCorr
  0.99JRSNX Intech Managed VolatilityPairCorr
  0.99JRSSX Intech Managed VolatilityPairCorr
  0.99JRSTX Intech Managed VolatilityPairCorr
  0.9JACNX Janus TrarianPairCorr
  0.91JACTX Janus Forty FundPairCorr
  0.97JADGX Janus Growth AndPairCorr
  0.98JABNX Janus BalancedPairCorr
  0.98JABRX Janus BalancedPairCorr
  0.95JACCX Janus Forty FundPairCorr
  0.96JAENX Janus EnterprisePairCorr
  0.91JAGTX Janus Global TechnologyPairCorr
  0.99JAGIX Janus Growth AndPairCorr
  0.87JAGLX Janus Global LifePairCorr
  0.85JAHYX Janus High YieldPairCorr
  0.88JAIGX Overseas PortfolioPairCorr
  0.98JANBX Janus BalancedPairCorr
  0.96JANEX Janus EnterprisePairCorr
  0.96JANIX Janus TritonPairCorr
  0.96JANRX Janus Global SelectPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Perkins Mutual Fund performing well and Perkins Mid 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 Mid'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JCNRX  0.95 (0.13) 0.00 (0.05) 0.00 
 0.00 
 1.77 
(2.06)
 4.40 
JCNCX  0.94 (0.13) 0.00 (0.06) 0.00 
 0.00 
 1.79 
(2.08)
 4.42 
JSCOX  0.72  0.16  0.15  0.42  0.52 
(0.81)
 1.90 
(1.09)
 4.92 
JCNIX  1.13  0.05  0.05  0.10  1.11 
(1.33)
 1.80 
(2.08)
 14.00 
JSCVX  0.73  0.12  0.13  0.20  0.57 
(0.81)
 1.87 
(1.14)
 4.93 
JDSNX  0.73  0.12  0.13  0.20  0.57 
(0.81)
 1.91 
(1.09)
 4.91 
JCNAX  1.10  0.16  0.09  3.15  1.00 
(1.30)
 1.81 
(1.79)
 13.98 
JCNNX  0.95 (0.13) 0.00 (0.05) 0.00 
 0.00 
 1.82 
(2.07)
 4.42 
JISCX  0.72  0.16  0.15  0.42  0.52 
(0.81)
 1.84 
(1.15)
 4.95 
JCONX  1.13  0.05  0.05  0.10  1.11 
(1.33)
 1.81 
(2.09)
 13.83 

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