Perkins Discovery Fund Quote
| PDFDX Fund | USD 39.02 0.62 1.56% |
Performance0 of 100
| Odds Of DistressLess than 23
|
Perkins Discovery is trading at 39.02 as of the 19th of April 2024; that is -1.56 percent decrease since the beginning of the trading day. The fund's open price was 39.64. Perkins Discovery has about a 23 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Perkins Discovery Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund will invest, under normal circumstances, at least 80 percent of its net assets in equity securities of domestic companies with market capitalizations of under 1 billion at the time of purchase. The equity securities the fund may purchase consist mostly of common stock, although the fund may purchase preferred and convertible stocks.. More on Perkins Discovery Fund
Moving together with Perkins Mutual Fund
| 0.73 | VGHAX | Vanguard Health Care | PairCorr |
| 0.73 | VGHCX | Vanguard Health Care | PairCorr |
| 0.68 | PRHSX | T Rowe Price | PairCorr |
| 0.68 | THISX | T Rowe Price | PairCorr |
| 0.7 | VHCIX | Vanguard Health Care | PairCorr |
| 0.66 | SHISX | Blackrock Health Sciences | PairCorr |
Perkins Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Perkins Discovery's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Perkins Discovery or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Perkins Funds, Large Funds, Health Funds, Health, Perkins (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 31st of July 2022 |
| Fiscal Year End | March |
Perkins Discovery Fund [PDFDX] is traded in USA and was established 19th of April 2024. Perkins Discovery is listed under Perkins category by Fama And French industry classification. The fund is listed under Health category and is part of Perkins family. This fund at this time has accumulated 8.67 M in assets with minimum initial investment of 2.5 K. Perkins Discovery is currently producing year-to-date (YTD) return of 1.97%, while the total return for the last 3 years was -19.22%.
Check Perkins Discovery Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Perkins Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Perkins Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Perkins Discovery Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Perkins Discovery Fund Mutual Fund Constituents
| VERI | Veritone | Stock | Information Technology |
| CDNA | Caredx Inc | Stock | Health Care |
| USPH | US Physicalrapy | Stock | Health Care |
| RMTI | Rockwell Medical | Stock | Health Care |
| CSBR | Champions Oncology | Stock | Health Care |
| TEUM | Pareteum Corp | Stock | Software—Application |
| MGNI | Magnite | Stock | Consumer Discretionary |
Perkins Discovery Target Price Odds Analysis
Based on a normal probability distribution, the odds of Perkins Discovery jumping above the current price in 90 days from now is close to 99%. The Perkins Discovery Fund probability density function shows the probability of Perkins Discovery mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.7861 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Perkins Discovery will likely underperform. Additionally, perkins Discovery Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Perkins Discovery to move above the current price in 90 days from now is close to 99 (This Perkins Discovery Fund probability density function shows the probability of Perkins Mutual Fund to fall within a particular range of prices over 90 days) .
Perkins Discovery Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Perkins Discovery market risk premium is the additional return an investor will receive from holding Perkins Discovery long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Perkins Discovery. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Perkins Discovery's alpha and beta are two of the key measurements used to evaluate Perkins Discovery's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.27 | |||
| Standard Deviation | 1.67 | |||
| Variance | 2.78 | |||
| Risk Adjusted Performance | (0.03) |
Perkins Discovery Against Markets
Picking the right benchmark for Perkins Discovery mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Perkins Discovery mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Perkins Discovery is critical whether you are bullish or bearish towards Perkins Discovery Fund at a given time. Please also check how Perkins Discovery's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Perkins Discovery without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Perkins Mutual Fund?
Before investing in Perkins Discovery, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Perkins Discovery. To buy Perkins Discovery fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Perkins Discovery. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Perkins Discovery fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Perkins Discovery Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Perkins Discovery Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Perkins Discovery Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Perkins Discovery Fund?
The danger of trading Perkins Discovery Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Perkins Discovery is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Perkins Discovery. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Perkins Discovery is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perkins Discovery Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Perkins Discovery information on this page should be used as a complementary analysis to other Perkins Discovery's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.