Janus Henderson Correlations

Mutual Funds . USA . 
Fund . Janus Henderson Global
JATNX Fund  USD 71.86  0.22  0.31%   
The current 90-days correlation between Janus Henderson Global and Jpmorgan Small Cap is 0.93 (i.e., Almost no diversification). The correlation of Janus Henderson 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 Henderson Correlation With Market

Almost no diversification

The correlation between Janus Henderson Global and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Henderson Global 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 Henderson Global. 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 board of governors.

Moving together with Janus Mutual Fund

  0.66VVPR VivoPower International Upward RallyPairCorr
  0.96DBD Diebold Nixdorf,PairCorr
  0.63GENVR Gen Digital ContingentPairCorr
  0.61OUSTZ Ouster, WarrantsPairCorr
  0.76CYCUW Cycurion, Warrant Symbol ChangePairCorr
  0.83BULLW Webull WarrantsPairCorr
  0.62JNPR Juniper NetworksPairCorr
  0.78MIND Mind TechnologyPairCorr
  0.94HPE-PC Hewlett Packard EntePairCorr
  0.92CORZZ Core Scientific, TranchePairCorr
  0.8RZLVW Rezolve AI LimitedPairCorr
  0.83SATX SatixFy CommunicationsPairCorr
  0.9STRF MicroStrategy IncorporatedPairCorr
  1.0JRAAX Janus ResearchPairCorr
  1.0JRACX Janus ResearchPairCorr
  1.0JRAIX Janus ResearchPairCorr

Moving against Janus Mutual Fund

  0.86HPAIW Helport AI LimitedPairCorr
  0.84VSTE Vast RenewablesPairCorr
  0.78VISL Vislink TechnologiesPairCorr
  0.67EXOD Exodus Movement,PairCorr
  0.61APCXW AppTech Payments CorpPairCorr
  0.38VBIX Viewbix Common StockPairCorr
  0.91SMTK SmartKem, Common StockPairCorr
  0.84NOVA Sunnova Energy InterPairCorr
  0.73APCX Apptech CorpPairCorr
  0.68SLNHP Soluna Holdings Preferred Upward RallyPairCorr
  0.56ODYS Odysightai Common StockPairCorr

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 Henderson 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 Henderson'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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