Janus Flexible Correlations

Mutual Funds . USA . 
Fund . Janus Flexible Bond
JDFAX Fund  USD 9.25  0.01  0.11%   
The current 90-days correlation between Janus Flexible Bond and Capital World Bond is 0.67 (i.e., Poor diversification). The correlation of Janus Flexible 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 Flexible Correlation With Market

Modest diversification

The correlation between Janus Flexible Bond and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Flexible Bond 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 Flexible Bond. 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 nation.

Moving together with Janus Mutual Fund

  0.71JRAAX Janus ResearchPairCorr
  0.7JRACX Janus ResearchPairCorr
  0.71JRAIX Janus ResearchPairCorr
  0.71JRANX Janus ResearchPairCorr
  0.71JRARX Janus Henderson ResearchPairCorr
  0.71JRASX Janus ResearchPairCorr
  0.68JAAGX Enterprise PortfolioPairCorr
  0.75JABAX Janus BalancedPairCorr
  0.75JABCX Janus BalancedPairCorr
  0.69JRSAX Intech Managed VolatilityPairCorr
  0.69JRSDX Intech Managed VolatilityPairCorr
  0.69JRSCX Intech Managed VolatilityPairCorr
  0.69JRSIX Intech Managed VolatilityPairCorr
  0.69JRSNX Intech Managed VolatilityPairCorr
  0.69JRSSX Intech Managed VolatilityPairCorr
  0.69JRSTX Intech Managed VolatilityPairCorr
  0.77JACNX Janus ContrarianPairCorr
  0.75JACTX Janus Forty FundPairCorr
  1.0JADFX Janus Flexible BondPairCorr
  0.72JADGX Janus Growth AndPairCorr
  0.75JABLX Balanced PortfolioPairCorr
  0.75JABNX Janus BalancedPairCorr
  0.75JABRX Janus BalancedPairCorr
  0.75JACAX Forty Portfolio InstPairCorr
  0.75JACCX Janus Forty FundPairCorr
  0.68JAENX Janus EnterprisePairCorr
  1.0JAFIX Janus Flexible BondPairCorr
  0.99JAFLX Flexible Bond PortfolioPairCorr
  0.71JAGRX Research PortfolioPairCorr
  0.71JAGTX Janus Global TechnologyPairCorr
  0.71JAGCX Janus Global TechnologyPairCorr
  0.72JAGIX Janus Growth AndPairCorr
  0.77JAHYX Janus High YieldPairCorr
  0.65JAIGX Overseas PortfolioPairCorr
  0.75JANBX Janus BalancedPairCorr
  0.68JANEX Janus EnterprisePairCorr
  1.0JANFX Janus Flexible BondPairCorr
  0.73JANIX Janus TritonPairCorr
  0.7JANRX 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 Flexible 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 Flexible'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY