Janus Henderson Correlations
| HFQTX Fund | USD 6.17 0.12 1.91% |
The current 90-days correlation between Janus Henderson Global and Oakmark International Fund is -0.23 (i.e., Very good diversification). The correlation of Janus Henderson 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 Henderson Correlation With Market
Modest diversification
The correlation between Janus Henderson Global 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 Henderson Global and DJI in the same portfolio, assuming nothing else is changed.
Janus |
Moving together with Janus Mutual Fund
Related Correlations Analysis
| 0.9 | 0.94 | 1.0 | 1.0 | 0.96 | 0.95 | OANIX | ||
| 0.9 | 0.94 | 0.9 | 0.9 | 0.92 | 0.86 | DODFX | ||
| 0.94 | 0.94 | 0.94 | 0.94 | 0.9 | 0.92 | OAKIX | ||
| 1.0 | 0.9 | 0.94 | 1.0 | 0.96 | 0.95 | OAYIX | ||
| 1.0 | 0.9 | 0.94 | 1.0 | 0.96 | 0.95 | OAZIX | ||
| 0.96 | 0.92 | 0.9 | 0.96 | 0.96 | 0.95 | VTRIX | ||
| 0.95 | 0.86 | 0.92 | 0.95 | 0.95 | 0.95 | RRIGX | ||
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Risk-Adjusted Indicators
There is a big difference between Janus Mutual Fund performing well and Janus Henderson 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 Henderson'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OANIX | 0.79 | 0.03 | (0.10) | (0.04) | 1.06 | 1.62 | 6.01 | |||
| DODFX | 0.59 | (0.03) | (0.13) | 0.02 | 0.76 | 1.18 | 4.42 | |||
| OAKIX | 0.80 | (0.02) | (0.10) | 0.00 | 1.05 | 1.62 | 6.00 | |||
| OAYIX | 0.79 | 0.03 | (0.10) | (0.03) | 1.04 | 1.61 | 6.01 | |||
| OAZIX | 0.79 | 0.03 | (0.10) | (0.04) | 1.06 | 1.61 | 6.00 | |||
| VTRIX | 0.63 | 0.01 | (0.12) | (0.43) | 0.80 | 1.36 | 4.84 | |||
| RRIGX | 0.57 | (0.01) | 0.00 | 0.60 | 0.00 | 1.24 | 3.99 |