Janus Aspen Correlations

Mutual Funds . USA . 
Fund . Janus Aspen Perkins
JAMVX Fund  USD 17.20  0.02  0.12%   
The current 90-days correlation between Janus Aspen Perkins and Janus Forty Fund is 0.71 (i.e., Poor diversification). The correlation of Janus Aspen 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 Aspen Correlation With Market

Very poor diversification

The correlation between Janus Aspen Perkins and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Aspen Perkins 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 Aspen Perkins. 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 real.

Moving together with Janus Mutual Fund

  0.98JRAAX Janus ResearchPairCorr
  0.98JRACX Janus ResearchPairCorr
  0.98JRAIX Janus ResearchPairCorr
  0.98JRANX Janus ResearchPairCorr
  0.98JRARX Janus Henderson ResearchPairCorr
  0.98JRASX Janus ResearchPairCorr
  0.98JAAGX Enterprise PortfolioPairCorr
  0.98JABAX Janus BalancedPairCorr
  0.98JABCX Janus BalancedPairCorr
  0.98JRSAX Intech Managed VolatilityPairCorr
  0.98JRSDX Intech Managed VolatilityPairCorr
  0.98JRSCX Intech Managed VolatilityPairCorr
  0.98JRSIX Intech Managed VolatilityPairCorr
  0.98JRSNX Intech Managed VolatilityPairCorr
  0.98JRSSX Intech Managed VolatilityPairCorr
  0.98JRSTX Intech Managed VolatilityPairCorr
  0.98JACNX Janus ContrarianPairCorr
  0.98JACTX Janus Forty FundPairCorr
  0.71JADFX Janus Flexible BondPairCorr
  0.98JADGX Janus Growth AndPairCorr
  0.98JABLX Balanced PortfolioPairCorr
  0.98JABNX Janus BalancedPairCorr
  0.98JABRX Janus BalancedPairCorr
  0.98JACAX Forty Portfolio InstPairCorr
  0.98JACCX Janus Forty FundPairCorr
  0.98JAENX Janus EnterprisePairCorr
  0.73JAFIX Janus Flexible BondPairCorr
  0.73JAFLX Flexible Bond PortfolioPairCorr
  0.98JAGRX Research PortfolioPairCorr
  0.98JAGTX Janus Global TechnologyPairCorr
  0.98JAGCX Janus Global TechnologyPairCorr
  0.98JAGIX Janus Growth AndPairCorr
  0.97JAHYX Janus High YieldPairCorr
  0.93JAIGX Overseas PortfolioPairCorr
  0.98JANBX Janus BalancedPairCorr
  0.98JANEX Janus EnterprisePairCorr
  0.73JANFX Janus Flexible BondPairCorr
  0.99JANIX Janus TritonPairCorr
  0.97JANRX Janus Global SelectPairCorr

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 Aspen 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 Aspen'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JARTX  0.82  0.20  0.20  0.32  0.64 
(1.00)
 2.34 
(1.33)
 5.58 
JDIRX  0.48  0.14  0.12  0.47  0.00 
(0.60)
 1.25 
(0.81)
 2.85 
TGVIX  0.47  0.16  0.12  0.78  0.00 
(0.57)
 1.08 
(0.75)
 2.46 
JRAAX  0.83  0.20  0.20  0.33  0.65 
(1.02)
 2.46 
(1.36)
 5.52 
JRACX  0.83  0.20  0.20  0.33  0.65 
(1.05)
 2.45 
(1.36)
 5.54 
JRAIX  0.83  0.20  0.20  0.33  0.65 
(1.02)
 2.46 
(1.36)
 5.54 
JRANX  0.83  0.20  0.20  0.33  0.65 
(1.02)
 2.45 
(1.36)
 5.53 
JRARX  0.83  0.20  0.20  0.33  0.65 
(1.05)
 2.45 
(1.36)
 5.54 
JRASX  0.83  0.20  0.20  0.33  0.65 
(1.05)
 2.45 
(1.37)
 5.55 
JAAGX  0.67  0.09  0.08  0.23  0.57 
(0.74)
 1.85 
(1.31)
 4.72 

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