Janus International Correlations

JBI Stock

USD 8.71 0.03 0.34%

The current 90-days correlation between Janus International and Gibraltar Industries is 0.68 (i.e., Poor diversification). The correlation of Janus International 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.

Janus International Correlation With Market

Very weak diversification

The correlation between Janus International Group and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus International Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Janus Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Janus International Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Janus Stock

0.83	NX	Quanex Building Products	Pair Corr
0.91	TT	Trane Technologies plc	Pair Corr
0.73	APT	Alpha Pro Tech	Pair Corr
0.95	AWI	Armstrong World Indu	Pair Corr
0.72	CSL	Carlisle Companies Earnings Call This Week	Pair Corr
0.67	GFF	Griffon	Pair Corr
0.63	GMS	GMS Inc Sell-off Trend	Pair Corr
0.91	JCI	Johnson Controls Int	Pair Corr
0.73	LII	Lennox International Earnings Call This Week	Pair Corr
0.91	LMB	Limbach Holdings	Pair Corr
0.74	LPX	Louisiana Pacific	Pair Corr
0.82	MAS	Masco Earnings Call This Week	Pair Corr
0.76	WMS	Advanced Drainage Systems	Pair Corr
0.62	PPIH	Perma Pipe Internati	Pair Corr
0.96	ROCK	Gibraltar Industries	Pair Corr
0.75	ASPN	Aspen Aerogels Buyout Trend	Pair Corr
0.92	SPXC	SPX Corp	Pair Corr
0.85	SWIM	Latham Group	Pair Corr
0.93	CARR	Carrier Global Corp	Pair Corr
0.87	J	Jacobs Solutions	Pair Corr
0.87	R	Ryder System Earnings Call This Week	Pair Corr
0.94	AL	Air Lease	Pair Corr
0.76	AP	Ampco Pittsburgh	Pair Corr
0.78	AZ	A2Z Smart Technologies	Pair Corr
0.93	BA	Boeing	Pair Corr

Moving against Janus Stock

0.61	JELD	Jeld Wen Holding	Pair Corr
0.36	AIRJ	Montana Technologies	Pair Corr
0.88	CSTE	Caesarstone	Pair Corr
0.59	G	Genpact Limited	Pair Corr

Related Correlations Analysis

	ROCK	NX	JELD	PPIH	TILE	HLMN	CTOS	CCCS
ROCK		0.79	-0.57	0.6	0.89	0.29	0.81	0.56	ROCK
NX	0.79		-0.33	0.75	0.85	0.09	0.75	0.69	NX
JELD	-0.57	-0.33		-0.28	-0.55	0.19	-0.46	0.08	JELD
PPIH	0.6	0.75	-0.28		0.7	-0.17	0.81	0.77	PPIH
TILE	0.89	0.85	-0.55	0.7		0.16	0.84	0.61	TILE
HLMN	0.29	0.09	0.19	-0.17	0.16		0.03	0.12	HLMN
CTOS	0.81	0.75	-0.46	0.81	0.84	0.03		0.72	CTOS
CCCS	0.56	0.69	0.08	0.77	0.61	0.12	0.72		CCCS
	ROCK	NX	JELD	PPIH	TILE	HLMN	CTOS	CCCS

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TILE	+ 0.89	ROCK
TILE	+ 0.85	NX
CTOS	+ 0.84	TILE
CTOS	+ 0.81	ROCK
CTOS	+ 0.81	PPIH
NX	+ 0.79	ROCK

High negative correlations

JELD	- 0.57	ROCK
TILE	- 0.55	JELD
CTOS	- 0.46	JELD
JELD	- 0.33	NX
PPIH	- 0.28	JELD
HLMN	- 0.17	PPIH

Risk-Adjusted Indicators

There is a big difference between Janus Stock performing well and Janus International Company 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 International'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
ROCK	1.58	0.09	0.08	0.19	1.61	(1.75)	3.40	(3.02)	9.45
NX	2.64	(0.17)	0.01	0.06	2.52	(3.39)	6.46	(4.36)	15.60
JELD	3.28	(0.45)	0.00	(0.10)	0.00	0.00	7.46	(5.76)	29.71
PPIH	3.82	1.18	0.36	2.95	2.36	(5.13)	13.57	(5.78)	33.89
TILE	1.40	0.21	0.03	(0.82)	1.76	(1.51)	2.87	(3.12)	8.98
HLMN	2.20	(0.21)	(0.03)	0.03	2.84	(2.26)	5.04	(4.98)	14.37
CTOS	2.43	0.92	0.30	(1.36)	1.93	(3.17)	7.04	(4.17)	16.82
CCCS	1.46	(0.02)	0.01	0.12	2.36	(1.53)	3.63	(2.42)	14.13

Janus International Corporate Management

John Rohlwing	Vice FPA	Profile
Tom Prybyloski	Vice President - Purchasing	Profile
Xavier Gutierrez	Independent Director	Profile
David Vanevenhoven	Chief Officer	Profile
Sara Macioch	Senior Relations	Profile
Peter Frayser	Vice President of Sales and Estimating	Profile
David Doll	Independent Director	Profile

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