PERKINS MID Correlations

JMVIX Fund

USD 16.41 -0.04 -0.24%

Current 90-days correlation between Perkins Mid Cap and Delaware Small Cap is 0.5 (i.e., Very weak diversification).The correlation coefficient for PERKINS MID ranges from -1 to +1. Values above 0.8 suggest strong positive correlation - both assets move together - while values below -0.5 suggest a useful diversification pairing.

Correlation With Market: PERKINS MID

Very weak diversification

Across the chosen horizon, JMVIX and DJI show a correlation of 0.59 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Risk vs Return Analysis provides context for diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This reflects a position in Perkins Mid Cap within the portfolio mix. 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 gross domestic product.

Moving together with PERKINS Mutual Fund

0.9	JADFX	Janus Flexible Bond	Pair Corr
0.61	JANIX	Janus Triton	Pair Corr
0.95	JSCVX	Perkins Small Cap	Pair Corr
0.95	JSCOX	Perkins Small Cap	Pair Corr
0.95	JSIVX	Perkins Small Cap	Pair Corr
0.78	JSPMX	Janus Global Allocation	Pair Corr
0.75	JSPGX	Janus Global Allocation	Pair Corr
0.89	JSVSX	Perkins Select Value	Pair Corr
0.84	JCAAX	Janus Global Allocation	Pair Corr
0.8	JCACX	Janus Global Allocation	Pair Corr
0.83	JCAIX	Janus Global Allocation	Pair Corr
0.82	JCASX	Janus Global Allocation	Pair Corr
0.9	JUCTX	Janus Global	Pair Corr
0.9	JUCDX	Janus Global	Pair Corr
0.91	JUCCX	Janus Global	Pair Corr

Moving against PERKINS Mutual Fund

0.79	JRACX	Janus Research	Pair Corr
0.71	JACTX	Janus Forty Fund	Pair Corr
0.7	JARTX	Janus Forty Fund	Pair Corr
0.42	JAENX	Janus Enterprise	Pair Corr
0.82	JCAPX	Janus Forty Fund	Pair Corr

Related Correlations Analysis

	JDPAX	JMCVX	AAGPX	JSVAX	SEFCX	AVFIX	ABSYX	JSIVX	FSCIX	DEVIX
JDPAX		0.97	0.83	-0.14	0.8	0.93	0.93	0.91	0.9	0.85	JDPAX
JMCVX	0.97		0.9	-0.09	0.83	0.97	0.97	0.95	0.94	0.88	JMCVX
AAGPX	0.83	0.9		0.14	0.83	0.93	0.93	0.91	0.87	0.87	AAGPX
JSVAX	-0.14	-0.09	0.14		0.05	-0.04	-0.04	-0.08	0.06	-0.05	JSVAX
SEFCX	0.8	0.83	0.83	0.05		0.8	0.8	0.77	0.74	0.93	SEFCX
AVFIX	0.93	0.97	0.93	-0.04	0.8		1.0	0.98	0.97	0.87	AVFIX
ABSYX	0.93	0.97	0.93	-0.04	0.8	1.0		0.98	0.97	0.87	ABSYX
JSIVX	0.91	0.95	0.91	-0.08	0.77	0.98	0.98		0.96	0.85	JSIVX
FSCIX	0.9	0.94	0.87	0.06	0.74	0.97	0.97	0.96		0.8	FSCIX
DEVIX	0.85	0.88	0.87	-0.05	0.93	0.87	0.87	0.85	0.8		DEVIX
	JDPAX	JMCVX	AAGPX	JSVAX	SEFCX	AVFIX	ABSYX	JSIVX	FSCIX	DEVIX

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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

ABSYX	+ 1.0	AVFIX
JSIVX	+ 0.98	AVFIX
JSIVX	+ 0.98	ABSYX
JMCVX	+ 0.97	JDPAX
AVFIX	+ 0.97	JMCVX
ABSYX	+ 0.97	JMCVX

High negative correlations

JSVAX	- 0.14	JDPAX
JSVAX	- 0.09	JMCVX
JSIVX	- 0.08	JSVAX
DEVIX	- 0.05	JSVAX
ABSYX	- 0.04	JSVAX
AVFIX	- 0.04	JSVAX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JDPAX	0.61	0.09	0.12	-1.36	0.69	-0.67	1.28	-1.47	3.95
JMCVX	0.61	0.10	0.12	0.10	0.67	-0.66	1.29	-1.44	3.92
AAGPX	0.58	0.04	0.05	0.02	0.72	-0.63	1.36	-1.33	3.31
JSVAX	1.17	0.14	0.10	0.08	1.22	-1.36	1.94	-2.61	14.39
SEFCX	0.85	0.33	0.34	0.60	0.57	-1.03	1.43	-1.27	17.52
AVFIX	0.81	0.11	0.10	0.07	0.99	-0.84	1.79	-1.83	5.36
ABSYX	0.81	0.12	0.10	0.07	0.99	-0.84	1.75	-1.80	5.35
JSIVX	0.68	0.06	0.07	0.04	0.84	-0.73	1.49	-1.72	4.93
FSCIX	0.76	0.06	0.06	0.04	0.99	-0.77	1.50	-1.56	5.30
DEVIX	0.93	0.28	0.30	0.26	0.63	-1.24	2.17	-1.53	14.41

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