Janus Global Correlations

Mutual Funds USA . 
Fund . Janus Global Allocation
JMSCX Fund  USD 12.14  0.04  0.33%   
The current 90-days correlation between Janus Global Allocation and Janus Research Fund is -0.01 (i.e., Good 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

Almost no diversification

The correlation between Janus Global Allocation and DJI is 0.94 (i.e., Almost no 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

  0.95JRAAX Janus ResearchPairCorr
  0.98JRACX Janus ResearchPairCorr
  0.97JRAIX Janus ResearchPairCorr
  0.95JRANX Janus ResearchPairCorr
  0.98JRARX Janus Henderson ResearchPairCorr
  0.97JRASX Janus ResearchPairCorr
  0.97JAAGX Enterprise PortfolioPairCorr
  0.99JABAX Janus BalancedPairCorr
  0.99JABCX Janus BalancedPairCorr
  0.98JRSAX Intech Managed VolatilityPairCorr
  0.98JRSDX Intech Managed VolatilityPairCorr
  0.98JRSCX Intech Managed VolatilityPairCorr
  0.93JRSIX Intech Managed VolatilityPairCorr
  0.98JRSNX Intech Managed VolatilityPairCorr
  0.93JRSSX Intech Managed VolatilityPairCorr
  0.98JRSTX Intech Managed VolatilityPairCorr
  0.93JACNX Janus ContrarianPairCorr
  0.98JACTX Janus Forty FundPairCorr
  0.95JADGX Janus Growth AndPairCorr
  0.94JABLX Balanced PortfolioPairCorr
  0.99JABNX Janus BalancedPairCorr
  0.94JABRX Janus BalancedPairCorr
  0.85JACAX Forty Portfolio InstPairCorr
  0.97JACCX Janus Forty FundPairCorr
  0.97JAENX Janus EnterprisePairCorr
  0.96JAGRX Research PortfolioPairCorr
  0.97JAGTX Janus Global TechnologyPairCorr
  0.97JAGCX Janus Global TechnologyPairCorr
  0.99JAGIX Janus Growth AndPairCorr
  0.98JAHYX Janus High YieldPairCorr
  0.98JAIGX Overseas PortfolioPairCorr
  0.99JANBX Janus BalancedPairCorr
  0.97JANEX Janus EnterprisePairCorr
  0.96JANIX Janus TritonPairCorr
  0.96JANRX 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 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JRAAX  1.35  0.23  0.09 (2.56) 1.95 
(1.40)
 2.69 
(2.98)
 15.54 
JRACX  1.33  0.14  0.07  0.14  1.96 
(1.40)
 2.70 
(2.98)
 15.54 
JRAIX  1.33  0.14  0.07  0.14  1.96 
(1.37)
 2.71 
(2.99)
 15.54 
JRANX  1.35  0.23  0.09 (2.57) 1.94 
(1.40)
 2.70 
(2.99)
 15.54 
JRARX  1.33  0.14  0.07  0.14  1.96 
(1.40)
 2.70 
(2.99)
 15.55 
JRASX  1.33  0.14  0.07  0.14  2.00 
(1.41)
 2.69 
(2.99)
 15.54 
JAAGX  1.10  0.05  0.03  0.07  1.66 
(1.15)
 1.94 
(2.03)
 12.48 
JABAX  0.73  0.06  0.04  0.12  1.11 
(0.71)
 1.69 
(1.75)
 8.27 
JABCX  0.73  0.06  0.04  0.12  1.11 
(0.69)
 1.67 
(1.73)
 8.27 
JRSAX  1.01  0.05  0.03  0.08  1.58 
(1.07)
 1.88 
(2.23)
 11.62 

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