Janus Forty Correlations

JACCX Fund

USD 40.58 0.16 0.40%

The current 90-days correlation between Janus Forty Fund and Great West Government Mortgage is -0.08 (i.e., Good diversification). The correlation of Janus Forty 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.

Janus Forty Correlation With Market

Poor diversification

The correlation between Janus Forty Fund and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Forty Fund 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 Janus Forty Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Janus Mutual Fund

0.98	FAFGX	American Funds	Pair Corr
0.98	FFAFX	American Funds	Pair Corr
0.97	GFACX	Growth Fund	Pair Corr
0.98	GFAFX	Growth Fund	Pair Corr
0.98	AGTHX	Growth Fund	Pair Corr
0.98	CGFFX	Growth Fund	Pair Corr
0.97	CGFCX	Growth Fund	Pair Corr
0.98	CGFAX	Growth Fund	Pair Corr
0.98	CGFEX	Growth Fund	Pair Corr
0.98	RGAEX	Growth Fund	Pair Corr
0.84	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.87	RYVLX	Nasdaq 100 2x	Pair Corr
0.87	RYVYX	Nasdaq 100 2x	Pair Corr
0.87	UOPIX	Ultra Nasdaq 100	Pair Corr
0.85	RYCCX	Nasdaq 100 2x	Pair Corr
0.86	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.74	MSFT	Microsoft	Pair Corr
0.77	GE	GE Aerospace	Pair Corr

Moving against Janus Mutual Fund

0.46	VZ	Verizon Communications	Pair Corr
0.42	T	ATT Inc	Pair Corr

Related Correlations Analysis

	MXDQX	JGBZX	TWAVX	SIGVX	SGVDX	UGSDX	FCSCX
MXDQX		0.99	0.84	0.76	0.99	0.5	0.7	MXDQX
JGBZX	0.99		0.82	0.73	0.98	0.44	0.67	JGBZX
TWAVX	0.84	0.82		0.96	0.86	0.82	0.95	TWAVX
SIGVX	0.76	0.73	0.96		0.77	0.87	0.98	SIGVX
SGVDX	0.99	0.98	0.86	0.77		0.52	0.72	SGVDX
UGSDX	0.5	0.44	0.82	0.87	0.52		0.88	UGSDX
FCSCX	0.7	0.67	0.95	0.98	0.72	0.88		FCSCX
	MXDQX	JGBZX	TWAVX	SIGVX	SGVDX	UGSDX	FCSCX

Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Forty 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 Janus Forty'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
MXDQX	0.16	0.03	0.05	(1.35)	0.00	(0.21)	0.36	(0.24)	0.95
JGBZX	0.16	0.02	0.01	(2.51)	0.01	(0.20)	0.31	(0.31)	1.02
TWAVX	0.06	0.01	(0.09)	(0.71)	0.00	(0.14)	0.11	(0.11)	0.55
SIGVX	0.07	0.01	(0.06)	(0.89)	0.00	(0.16)	0.10	(0.10)	0.51
SGVDX	0.17	0.02	0.01	(3.12)	0.09	(0.20)	0.31	(0.30)	0.91
UGSDX	0.03	0.01	0.00	(0.34)	0.00	0.00	0.00	0.00	0.52
FCSCX	0.05	0.01	0.00	(0.50)	0.00	0.00	0.13	(0.13)	0.53

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