Janus Contrarian Correlations

Mutual Funds . USA . 
Fund . Janus Trarian Fund
JCNAX Fund  USD 32.33  0.18  0.56%   
The current 90-days correlation between Janus Contrarian and Janus Forty Fund is 0.82 (i.e., Very poor diversification). The correlation of Janus Contrarian 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 Contrarian Correlation With Market

Significant diversification

The correlation between Janus Trarian Fund and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Trarian Fund 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 Trarian Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Janus Mutual Fund

  0.96VIMAX Vanguard Mid CapPairCorr
  0.96VIMSX Vanguard Mid CapPairCorr
  0.96VMCPX Vanguard Mid CapPairCorr
  0.96VMCIX Vanguard Mid CapPairCorr
  0.93VEXAX Vanguard Extended MarketPairCorr
  0.93VEMPX Vanguard Extended MarketPairCorr
  0.93VIEIX Vanguard Extended MarketPairCorr
  0.93VSEMX Vanguard Extended MarketPairCorr
  0.93VEXMX Vanguard Extended MarketPairCorr
  0.93FSMAX Fidelity Extended MarketPairCorr
  0.82SMPSX Semiconductor UltrasectorPairCorr
  0.83SMPIX Semiconductor UltrasectorPairCorr
  0.88LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.91RSNYX Victory Global NaturalPairCorr
  0.88LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.91RSNRX Victory Global NaturalPairCorr
  0.88LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.88LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.91RGNCX Victory Global NaturalPairCorr
  0.87WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.69WMT Walmart Aggressive PushPairCorr
  0.72BAC Bank of America Aggressive PushPairCorr
  0.64XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.7HPQ HP IncPairCorr
  0.76CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.83AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.69JPM JPMorgan Chase Sell-off TrendPairCorr
  0.82CSCO Cisco Systems Sell-off TrendPairCorr
  0.61TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.83AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against Janus Mutual Fund

  0.71JNJ Johnson Johnson Sell-off TrendPairCorr
  0.67KO Coca Cola Aggressive PushPairCorr
  0.48BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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