Janus Contrarian Correlations

Mutual Funds . USA . 
Fund . Janus Trarian Fund
JCONX Fund  USD 32.56  0.18  0.56%   
The current 90-days correlation between Janus Contrarian and Neuberger Berman Large is 0.72 (i.e., 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

Very poor diversification

The correlation between Janus Trarian Fund and DJI is 0.85 (i.e., Very poor 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 signals in board of governors.

Moving together with Janus Mutual Fund

  0.97JRAAX Janus ResearchPairCorr
  0.97JRACX Janus ResearchPairCorr
  0.97JRAIX Janus ResearchPairCorr
  0.97JRANX Janus ResearchPairCorr
  0.97JRASX Janus ResearchPairCorr
  0.92JAAGX Enterprise PortfolioPairCorr
  0.95JABAX Janus BalancedPairCorr
  0.94JABCX Janus BalancedPairCorr
  0.97JRSAX Intech Managed VolatilityPairCorr
  0.97JRSDX Intech Managed VolatilityPairCorr
  0.97JRSCX Intech Managed VolatilityPairCorr
  0.97JRSIX Intech Managed VolatilityPairCorr
  0.97JRSNX Intech Managed VolatilityPairCorr
  0.97JRSSX Intech Managed VolatilityPairCorr
  0.97JRSTX Intech Managed VolatilityPairCorr
  1.0JACNX Janus ContrarianPairCorr
  0.98JACTX Janus Forty FundPairCorr
  0.96JADGX Janus Growth AndPairCorr
  0.95JABLX Balanced PortfolioPairCorr
  0.95JABNX Janus BalancedPairCorr
  0.95JABRX Janus BalancedPairCorr
  0.98JACAX Forty Portfolio InstPairCorr
  0.98JACCX Janus Forty FundPairCorr
  0.92JAENX Janus EnterprisePairCorr
  0.95JAGTX Janus Global TechnologyPairCorr
  0.95JAGCX Janus Global TechnologyPairCorr
  0.96JAGIX Janus Growth AndPairCorr
  0.82JAHYX Janus High YieldPairCorr
  0.95JANBX Janus BalancedPairCorr
  0.92JANEX Janus EnterprisePairCorr
  0.94JANIX Janus TritonPairCorr
  0.84JANRX Janus Global SelectPairCorr
  0.88JANVX Janus VenturePairCorr
  0.97JAMRX Janus ResearchPairCorr
  0.95JAMVX Janus Aspen PerkinsPairCorr

Moving against Janus Mutual Fund

  0.72JADFX Janus Flexible BondPairCorr
  0.72JAFIX Janus Flexible BondPairCorr
  0.7JAFLX Flexible Bond PortfolioPairCorr
  0.72JANFX Janus Flexible BondPairCorr
  0.62JAGLX Janus Global LifePairCorr
  0.39JAOSX Janus OverseasPairCorr

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 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY