Perkins Mid Cap Fund Market Value
| JMVIX Fund | USD 16.25 0.18 1.10% |
| Symbol | Perkins |
Perkins Mid 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Perkins Mid's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Perkins Mid.
| 05/01/2024 |
| 05/31/2024 |
If you would invest 0.00 in Perkins Mid on May 1, 2024 and sell it all today you would earn a total of 0.00 from holding Perkins Mid Cap or generate 0.0% return on investment in Perkins Mid over 30 days. Perkins Mid is related to or competes with Janus Overseas, Janus Forty, and Janus Enterprise. The fund primarily invests in the common stocks of mid-sized companies whose stock prices are believed to be undervalued... More
Perkins Mid Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Perkins Mid's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Perkins Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8332 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.29 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 0.9299 |
Perkins Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perkins Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perkins Mid's standard deviation. In reality, there are many statistical measures that can use Perkins Mid historical prices to predict the future Perkins Mid's volatility.| Risk Adjusted Performance | 0.0095 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.0005) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Perkins Mid's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Perkins Mid Cap Backtested Returns
We consider Perkins Mid very steady. Perkins Mid Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0133, which implies the entity had a 0.0133% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Perkins Mid Cap, which you can use to evaluate the volatility of the fund. Please check Perkins Mid's Coefficient Of Variation of 7519.88, semi deviation of 0.7956, and Risk Adjusted Performance of 0.0095 to confirm if the risk estimate we provide is consistent with the expected return of 0.0095%. The fund holds a Beta of 1.01, which implies a somewhat significant risk relative to the market. Perkins Mid returns are very sensitive to returns on the market. As the market goes up or down, Perkins Mid is expected to follow.
Auto-correlation | -0.84 |
Excellent reverse predictability
Perkins Mid Cap has excellent reverse predictability. Overlapping area represents the amount of predictability between Perkins Mid time series from 1st of May 2024 to 16th of May 2024 and 16th of May 2024 to 31st of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Perkins Mid Cap price movement. The serial correlation of -0.84 indicates that around 84.0% of current Perkins Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Perkins Mid Cap lagged returns against current returns
Autocorrelation, which is Perkins Mid mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Perkins Mid's mutual fund expected returns. We can calculate the autocorrelation of Perkins Mid returns to help us make a trade decision. For example, suppose you find that Perkins Mid has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Perkins Mid regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Perkins Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perkins Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perkins Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Perkins Mid Lagged Returns
When evaluating Perkins Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perkins Mid mutual fund have on its future price. Perkins Mid autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Perkins Mid autocorrelation shows the relationship between Perkins Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Perkins Mid Cap.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Perkins Mid Correlation, Perkins Mid Volatility and Perkins Mid Alpha and Beta module to complement your research on Perkins Mid. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Perkins Mid technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.