Janus Global Correlations

Mutual Funds . USA . 
Fund . Janus Global Allocation
JGCCX Fund  USD 13.74  0.06  0.44%   
The current 90-days correlation between Janus Global Allocation and Prudential Short Duration is 0.04 (i.e., Significant diversification). The correlation of Janus Global 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 Global Correlation With Market

Poor diversification

The correlation between Janus Global Allocation and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Allocation 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 Global Allocation. 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 main economic indicators.

Moving together with Janus Mutual Fund

  0.99JRAAX Janus ResearchPairCorr
  0.71JRANX Janus ResearchPairCorr
  0.78JAAGX Enterprise PortfolioPairCorr
  0.84JABAX Janus BalancedPairCorr
  0.76JABCX Janus BalancedPairCorr
  0.99JRSSX Intech Managed VolatilityPairCorr
  0.75JACNX Janus ContrarianPairCorr
  0.84JACTX Janus Forty FundPairCorr
  0.71JADFX Janus Flexible BondPairCorr
  0.99JADGX Janus Growth AndPairCorr
  0.82JAENX Janus EnterprisePairCorr
  0.71JAFLX Flexible Bond PortfolioPairCorr
  0.71JAGRX Research PortfolioPairCorr
  0.7JAGCX Janus Global TechnologyPairCorr
  0.74JAGIX Janus Growth AndPairCorr
  0.81JAHYX Janus High YieldPairCorr
  0.75JAIGX Overseas PortfolioPairCorr
  0.75JANBX Janus BalancedPairCorr
  0.78JANEX Janus EnterprisePairCorr
  0.76JANIX Janus TritonPairCorr
  0.71JAMRX Janus ResearchPairCorr
  0.83JSCVX Perkins Small CapPairCorr
  0.75JAOSX Janus OverseasPairCorr
  0.76JASBX Janus Short TermPairCorr
  0.74JSHCX Janus Short TermPairCorr
  0.7JATSX Janus Global TechnologyPairCorr
  0.99JATTX Janus TritonPairCorr
  0.8JSHIX Janus Short TermPairCorr
  0.99JATAX Janus Global TechnologyPairCorr
  0.7JATIX Janus Global TechnologyPairCorr
  0.99JAVTX Janus VenturePairCorr
  1.0JSLNX Janus Henderson GlobalPairCorr
  1.0JAWWX Janus Global ResearchPairCorr
  0.77JSPCX Janus Global AllocationPairCorr
  0.75JBALX Janus BalancedPairCorr
  0.75JSVAX Janus ContrarianPairCorr
  0.97JSVSX Perkins Select ValuePairCorr
  0.77JCAIX Janus Global AllocationPairCorr
  0.73JCAPX Janus Forty FundPairCorr
  0.97JCNCX Janus ContrarianPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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