Janus Flexible Correlations

Mutual Funds . USA . 
Fund . Janus Flexible Bond
JAFIX Fund  USD 9.25  0.01  0.11%   
The current 90-days correlation between Janus Flexible Bond and Janus Short Term Bond is 0.6 (i.e., Poor diversification). The correlation of Janus Flexible 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 Flexible Correlation With Market

Modest diversification

The correlation between Janus Flexible Bond and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Flexible Bond 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 Flexible Bond. 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 Janus Mutual Fund

  0.72JRAAX Janus ResearchPairCorr
  0.72JRACX Janus ResearchPairCorr
  0.72JRASX Janus ResearchPairCorr
  0.76JABCX Janus BalancedPairCorr
  0.79JACNX Janus ContrarianPairCorr
  0.76JACTX Janus Forty FundPairCorr
  1.0JADFX Janus Flexible BondPairCorr
  0.73JADGX Janus Growth AndPairCorr
  0.76JABRX Janus BalancedPairCorr
  0.76JACAX Forty Portfolio InstPairCorr
  0.76JACCX Janus Forty FundPairCorr
  0.69JAENX Janus EnterprisePairCorr
  0.99JAFLX Flexible Bond PortfolioPairCorr
  0.73JAGTX Janus Global TechnologyPairCorr
  0.73JAGIX Janus Growth AndPairCorr
  0.78JAHYX Janus High YieldPairCorr
  0.69JANEX Janus EnterprisePairCorr
  1.0JANFX Janus Flexible BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Flexible 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 Flexible'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.

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