Janus Global Correlations

JANWX Fund

USD 111.94 0.12 0.11%

The current 90-days correlation between Janus Global Research and Janus Global Research is 1.0 (i.e., No risk reduction). 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

Very weak diversification

The correlation between Janus Global Research and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Research 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 Research. 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 housing.

Moving together with Janus Mutual Fund

1.0	JDWAX	Janus Global Research	Pair Corr
1.0	JWGRX	Janus Global Research	Pair Corr
1.0	JWWCX	Janus Global Research	Pair Corr
0.7	ACP	Aberdeen Income Credit	Pair Corr

Moving against Janus Mutual Fund

0.42	SRINX	Columbia Porate Income	Pair Corr
0.41	LIIAX	Columbia Porate Income	Pair Corr
0.4	CIOCX	Columbia Porate Income	Pair Corr
0.33	VEMBX	Vanguard Emerging Markets	Pair Corr

Related Correlations Analysis

	JWGRX	JGICX	JWWFX	JABCX
JWGRX		0.73	1.0	0.74	JWGRX
JGICX	0.73		0.73	0.88	JGICX
JWWFX	1.0	0.73		0.73	JWWFX
JABCX	0.74	0.88	0.73		JABCX
	JWGRX	JGICX	JWWFX	JABCX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JWGRX	0.60	(0.07)	(0.06)	0.00	1.39	(0.56)	1.12	(1.24)	8.68
JGICX	0.71	(0.19)	0.00	(0.12)	0.00	0.00	1.01	(1.19)	14.89
JWWFX	0.61	(0.07)	(0.06)	0.00	1.50	(0.55)	1.13	(1.25)	9.13
JABCX	0.41	(0.08)	0.00	(0.06)	0.00	0.00	0.78	(0.76)	6.33

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