Janus Growth Correlations
JADGX Fund | USD 80.63 0.39 0.49% |
The current 90-days correlation between Janus Growth And and Janus Balanced Fund is 0.93 (i.e., Almost no diversification). The correlation of Janus Growth 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 Growth Correlation With Market
Very poor diversification
The correlation between Janus Growth And and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Growth And and DJI in the same portfolio, assuming nothing else is changed.
Janus |
Moving together with Janus Mutual Fund
0.95 | JRAAX | Janus Research | PairCorr |
0.95 | JRACX | Janus Research | PairCorr |
0.95 | JRAIX | Janus Research | PairCorr |
0.95 | JRANX | Janus Research | PairCorr |
0.95 | JRASX | Janus Research | PairCorr |
0.92 | JAAGX | Enterprise Portfolio | PairCorr |
0.98 | JABAX | Janus Balanced | PairCorr |
0.98 | JABCX | Janus Balanced | PairCorr |
0.97 | JRSAX | Intech Managed Volatility | PairCorr |
0.97 | JRSDX | Intech Managed Volatility | PairCorr |
0.97 | JRSCX | Intech Managed Volatility | PairCorr |
0.97 | JRSIX | Intech Managed Volatility | PairCorr |
0.97 | JRSNX | Intech Managed Volatility | PairCorr |
0.97 | JRSSX | Intech Managed Volatility | PairCorr |
0.97 | JRSTX | Intech Managed Volatility | PairCorr |
0.96 | JACNX | Janus Contrarian | PairCorr |
0.96 | JACTX | Janus Forty Fund | PairCorr |
0.98 | JABLX | Balanced Portfolio | PairCorr |
0.98 | JABNX | Janus Balanced | PairCorr |
0.98 | JABRX | Janus Balanced | PairCorr |
0.96 | JACAX | Forty Portfolio Inst | PairCorr |
0.96 | JACCX | Janus Forty Fund | PairCorr |
0.92 | JAENX | Janus Enterprise | PairCorr |
0.95 | JAGRX | Research Portfolio | PairCorr |
0.95 | JAGTX | Janus Global Technology | PairCorr |
0.95 | JAGCX | Janus Global Technology | PairCorr |
1.0 | JAGIX | Janus Growth And | PairCorr |
0.81 | JAHYX | Janus High Yield | PairCorr |
0.98 | JANBX | Janus Balanced | PairCorr |
0.92 | JANEX | Janus Enterprise | PairCorr |
0.91 | JANIX | Janus Triton | PairCorr |
0.9 | JANRX | Janus Global Select | PairCorr |
0.85 | JANVX | Janus Venture | PairCorr |
0.95 | JAMRX | Janus Research | PairCorr |
Moving against Janus Mutual Fund
0.62 | JADFX | Janus Flexible Bond | PairCorr |
0.61 | JAFIX | Janus Flexible Bond | PairCorr |
0.59 | JAFLX | Flexible Bond Portfolio | PairCorr |
0.51 | JAGLX | Janus Global Life | PairCorr |
0.61 | JANFX | Janus Flexible Bond | PairCorr |
Related Correlations Analysis
0.95 | 0.91 | -0.28 | -0.55 | JABRX | ||
0.95 | 0.89 | -0.38 | -0.75 | JARTX | ||
0.91 | 0.89 | -0.42 | -0.64 | JGRTX | ||
-0.28 | -0.38 | -0.42 | 0.54 | JIGRX | ||
-0.55 | -0.75 | -0.64 | 0.54 | JADFX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Janus Mutual Fund performing well and Janus Growth 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 Growth'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
JABRX | 0.36 | (0.02) | (0.14) | 0.08 | 0.43 | 0.84 | 2.31 | |||
JARTX | 0.67 | (0.01) | (0.02) | 0.11 | 0.92 | 1.40 | 4.63 | |||
JGRTX | 0.59 | 0.00 | (0.02) | 0.11 | 0.63 | 1.23 | 3.56 | |||
JIGRX | 0.70 | (0.17) | 0.00 | (0.18) | 0.00 | 1.19 | 4.32 | |||
JADFX | 0.22 | (0.02) | 0.00 | 0.48 | 0.00 | 0.43 | 1.40 |