Janus Contrarian Correlations

Mutual Funds . USA . 
Fund . Janus Trarian Fund
JCNRX Fund  USD 27.49  0.17  0.61%   
The current 90-days correlation between Janus Contrarian and Janus Trarian Fund is 1.0 (i.e., No risk reduction). The correlation of Janus Contrarian 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 Contrarian Correlation With Market

Very poor diversification

The correlation between Janus Trarian Fund and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Trarian Fund 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 Trarian Fund. 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 metropolitan statistical area.

Moving together with Janus Mutual Fund

  0.95JRAAX Janus ResearchPairCorr
  0.95JRACX Janus ResearchPairCorr
  0.97JRAIX Janus ResearchPairCorr
  0.95JRANX Janus ResearchPairCorr
  0.97JRARX Janus Henderson ResearchPairCorr
  0.97JRASX Janus ResearchPairCorr
  0.94JAAGX Enterprise PortfolioPairCorr
  0.98JABAX Janus BalancedPairCorr
  0.98JABCX Janus BalancedPairCorr
  0.95JRSAX Intech Managed VolatilityPairCorr
  0.95JRSDX Intech Managed VolatilityPairCorr
  0.95JRSCX Intech Managed VolatilityPairCorr
  0.97JRSIX Intech Managed VolatilityPairCorr
  0.97JRSNX Intech Managed VolatilityPairCorr
  0.97JRSSX Intech Managed VolatilityPairCorr
  0.95JRSTX Intech Managed VolatilityPairCorr
  1.0JACNX Janus ContrarianPairCorr
  0.97JACTX Janus Forty FundPairCorr
  0.78JADFX Janus Flexible BondPairCorr
  0.96JADGX Janus Growth AndPairCorr
  0.98JABLX Balanced PortfolioPairCorr
  0.98JABNX Janus BalancedPairCorr
  0.96JABRX Janus BalancedPairCorr
  0.99JACAX Forty Portfolio InstPairCorr
  0.97JACCX Janus Forty FundPairCorr
  0.96JAENX Janus EnterprisePairCorr
  0.79JAFIX Janus Flexible BondPairCorr
  0.78JAFLX Flexible Bond PortfolioPairCorr
  0.97JAGRX Research PortfolioPairCorr
  0.98JAGTX Janus Global TechnologyPairCorr
  0.98JAGCX Janus Global TechnologyPairCorr
  0.98JAGIX Janus Growth AndPairCorr
  0.97JAHYX Janus High YieldPairCorr
  0.9JAIGX Overseas PortfolioPairCorr
  0.98JANBX Janus BalancedPairCorr
  0.96JANEX Janus EnterprisePairCorr
  0.78JANFX Janus Flexible BondPairCorr
  0.96JANIX Janus TritonPairCorr
  0.95JANRX Janus Global SelectPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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