Janus Global Correlations

Mutual Funds . USA . 
Fund . Janus Global Research
JANWX Fund  USD 123.18  0.89  0.73%   
The current 90-days correlation between Janus Global Research and Janus Global Research is 0.05 (i.e., Significant diversification). The correlation of Janus Global 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 Global Correlation With Market

Good diversification

The correlation between Janus Global Research and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Research 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 Global Research. 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 housing.

Moving together with Janus Mutual Fund

  0.77JDWAX Janus Global ResearchPairCorr
  0.99JWGRX Janus Global ResearchPairCorr
  0.99JWWCX Janus Global ResearchPairCorr
  0.99FNFPX American Funds NewPairCorr
  0.99FFPNX American Funds NewPairCorr
  0.99NPFCX New PerspectivePairCorr
  0.99ANWPX New PerspectivePairCorr
  0.99NPFFX New PerspectivePairCorr
  0.99CNPAX New PerspectivePairCorr
  0.99CNPEX New PerspectivePairCorr
  0.99CNPFX New PerspectivePairCorr
  0.99CNPCX New PerspectivePairCorr
  0.98RNPAX New PerspectivePairCorr
  0.94CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr
  0.97CASCX Columbia PacificasiaPairCorr
  0.98MSKLX Mid Cap GrowthPairCorr
  0.98CISGX Touchstone Sands CapitalPairCorr
  0.98MPEGX Mid Cap GrowthPairCorr
  0.99BRWBX Mfs Blended ResearchPairCorr
  0.98GQLOX Gmo Quality FundPairCorr
  0.97TWMIX Emerging MarketsPairCorr
  0.97VVICX Voya Vacs IndexPairCorr
  0.86BTFRX Bts Tactical FixedPairCorr
  0.95MLOZX Cohen Steers MlpPairCorr
  0.85MLXCX Catalyst Mlp InfrastPairCorr
  0.98AMECX Income FundPairCorr
  0.84QRPRX Aqr Alternative RiskPairCorr
  0.97RSSYX Victory Rs SelectPairCorr
  0.73MCFAX Miller Vertible BondPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.98JTSYX Jpmorgan SmartretirementPairCorr
  0.94JSCOX Perkins Small CapPairCorr
  0.97VSZBX Voya Index SolutionPairCorr
  0.98PAXWX Pax BalancedPairCorr
  0.98MAGEX Mfs Growth AllocationPairCorr
  0.75FIJKX Fidelity Advisor FreedomPairCorr
  0.96FRIEX Federated Hermes EmergingPairCorr

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 Global 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 Global'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
JANWX  0.61  0.26  0.15 (2.98) 0.37 
(0.67)
 1.83 
(1.29)
 3.94 
JDWAX  0.57  0.31  0.30 (8.08) 0.00 
(0.66)
 1.83 
(0.65)
 3.95 
JWGRX  0.60  0.13  0.13  0.30  0.37 
(0.67)
 1.84 
(1.29)
 3.95 
JWWCX  0.60  0.13  0.13  0.29  0.38 
(0.68)
 1.83 
(1.29)
 3.93 
QCELX  0.67  0.14  0.16  0.29  0.43 
(0.79)
 1.99 
(1.16)
 4.81 
FCPCX  0.61  0.17  0.16  0.44  0.19 
(0.68)
 1.62 
(1.07)
 3.84 
FGUAX  0.06  0.01 (1.11) 0.39  0.00 
(0.16)
 0.10 
(0.10)
 0.52 
MMMSX  0.88  0.11  0.11  0.24  0.81 
(1.09)
 2.28 
(1.69)
 6.58 
PXCCX  0.22  0.03 (0.17) 0.27  0.04 
(0.29)
 0.48 
(0.45)
 1.63 
SSDWX  0.48  0.23  0.13 (2.74) 0.23 
(0.57)
 1.64 
(1.13)
 3.18 

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