Janus Triton Correlations

Mutual Funds . USA . 
Fund . Janus Triton Fund
JGMNX Fund  USD 28.44  0.11  0.39%   
The current 90-days correlation between Janus Triton and Janus Enterprise Fund is -0.07 (i.e., Good diversification). The correlation of Janus Triton 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Janus Triton 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 board of governors.

Moving together with Janus Mutual Fund

  0.98JRAAX Janus ResearchPairCorr
  0.84JRACX Janus ResearchPairCorr
  0.84JRAIX Janus ResearchPairCorr
  0.74JRARX Janus Henderson ResearchPairCorr
  0.98JRASX Janus ResearchPairCorr
  0.69JAAGX Enterprise PortfolioPairCorr
  0.74JABAX Janus BalancedPairCorr
  0.99JABCX Janus BalancedPairCorr
  0.72JRSAX Intech Managed VolatilityPairCorr
  0.72JRSDX Intech Managed VolatilityPairCorr
  0.72JRSCX Intech Managed VolatilityPairCorr
  0.84JRSIX Intech Managed VolatilityPairCorr
  0.72JRSNX Intech Managed VolatilityPairCorr
  0.72JRSSX Intech Managed VolatilityPairCorr
  0.72JRSTX Intech Managed VolatilityPairCorr
  0.82JACNX Janus ContrarianPairCorr
  0.83JACTX Janus Forty FundPairCorr
  0.85JADGX Janus Growth AndPairCorr
  0.75JABLX Balanced PortfolioPairCorr
  0.74JABNX Janus BalancedPairCorr
  0.99JABRX Janus BalancedPairCorr
  0.83JACCX Janus Forty FundPairCorr
  0.98JAENX Janus EnterprisePairCorr
  0.71JAFLX Flexible Bond PortfolioPairCorr
  0.74JAGRX Research PortfolioPairCorr
  0.99JAGTX Janus Global TechnologyPairCorr
  0.75JAGCX Janus Global TechnologyPairCorr
  0.99JAGIX Janus Growth AndPairCorr
  0.84JAHYX Janus High YieldPairCorr
  0.62JAIGX Overseas PortfolioPairCorr
  0.74JANBX Janus BalancedPairCorr
  0.98JANEX Janus EnterprisePairCorr
  0.85JANIX Janus TritonPairCorr
  0.71JANRX Janus Global SelectPairCorr
  0.7JANVX Janus VenturePairCorr
  0.98JAMRX Janus ResearchPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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