Janus Flexible Correlations

Mutual Funds . USA . 
Fund . Janus Flexible Bond
JDFNX Fund  USD 9.25  0.02  0.22%   
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 0.27 (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 board of governors.

Moving together with Janus Mutual Fund

  0.72JRAAX Janus ResearchPairCorr
  0.72JRACX Janus ResearchPairCorr
  0.72JRAIX Janus ResearchPairCorr
  0.72JRANX Janus ResearchPairCorr
  0.72JRARX Janus Henderson ResearchPairCorr
  0.72JRASX Janus ResearchPairCorr
  0.7JAAGX Enterprise PortfolioPairCorr
  0.76JABAX Janus BalancedPairCorr
  0.76JABCX Janus BalancedPairCorr
  0.71JRSAX Intech Managed VolatilityPairCorr
  0.71JRSDX Intech Managed VolatilityPairCorr
  0.71JRSCX Intech Managed VolatilityPairCorr
  0.71JRSIX Intech Managed VolatilityPairCorr
  0.71JRSNX Intech Managed VolatilityPairCorr
  0.71JRSSX Intech Managed VolatilityPairCorr
  0.71JRSTX Intech Managed VolatilityPairCorr
  0.79JACNX Janus ContrarianPairCorr
  0.77JACTX Janus Forty FundPairCorr
  1.0JADFX Janus Flexible BondPairCorr
  0.74JADGX Janus Growth AndPairCorr
  0.77JABLX Balanced PortfolioPairCorr
  0.76JABNX Janus BalancedPairCorr
  0.76JABRX Janus BalancedPairCorr
  0.77JACAX Forty Portfolio InstPairCorr
  0.77JACCX Janus Forty FundPairCorr
  0.7JAENX Janus EnterprisePairCorr
  1.0JAFIX Janus Flexible BondPairCorr
  0.99JAFLX Flexible Bond PortfolioPairCorr
  0.72JAGRX Research PortfolioPairCorr
  0.73JAGTX Janus Global TechnologyPairCorr
  0.73JAGCX Janus Global TechnologyPairCorr
  0.74JAGIX Janus Growth AndPairCorr
  0.79JAHYX Janus High YieldPairCorr
  0.66JAIGX Overseas PortfolioPairCorr
  0.76JANBX Janus BalancedPairCorr
  0.7JANEX Janus EnterprisePairCorr
  1.0JANFX Janus Flexible BondPairCorr
  0.74JANIX Janus TritonPairCorr
  0.72JANRX 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 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.

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