Janus Forty Correlations

JDCAX Fund

USD 59.78 0.45 0.76%

The current 90-days correlation between Janus Forty Fund and Janus Overseas Fund is 0.53 (i.e., Very weak diversification). The correlation of Janus Forty 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 Forty Correlation With Market

Poor diversification

The correlation between Janus Forty Fund and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Forty 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 Forty 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 nation.

Moving together with Janus Mutual Fund

1.0	JRAIX	Janus Research	Pair Corr
1.0	JRASX	Janus Research	Pair Corr
0.97	JRSAX	Intech Managed Volatility	Pair Corr
0.97	JRSNX	Intech Managed Volatility	Pair Corr
0.97	JRSTX	Intech Managed Volatility	Pair Corr
1.0	JACTX	Janus Forty Fund	Pair Corr
1.0	JACCX	Janus Forty Fund	Pair Corr
0.89	JAENX	Janus Enterprise	Pair Corr
0.98	JAGTX	Janus Global Technology	Pair Corr
0.96	JAGIX	Janus Growth And	Pair Corr
0.76	JAHYX	Janus High Yield	Pair Corr
1.0	JAMRX	Janus Research	Pair Corr
0.77	JSCVX	Perkins Small Cap	Pair Corr
0.91	JATTX	Janus Triton	Pair Corr
0.98	JATAX	Janus Global Technology	Pair Corr
0.98	JATIX	Janus Global Technology	Pair Corr
0.84	JAVTX	Janus Venture	Pair Corr
0.98	JAWWX	Janus Global Research	Pair Corr
0.91	JSMGX	Janus Triton	Pair Corr
0.64	JSPMX	Janus Global Allocation	Pair Corr
0.75	JSPGX	Janus Global Allocation	Pair Corr
0.98	JSVAX	Janus Contrarian	Pair Corr
0.86	JSVDX	Perkins Select Value	Pair Corr
0.86	JSVTX	Perkins Select Value	Pair Corr
1.0	JCAPX	Janus Forty Fund	Pair Corr
0.98	JCNAX	Janus Contrarian	Pair Corr
0.98	JCNCX	Janus Contrarian	Pair Corr
0.98	JCNIX	Janus Contrarian	Pair Corr
0.98	JCNRX	Janus Contrarian	Pair Corr
0.82	JUCTX	Janus Global Unconst	Pair Corr
0.98	JCONX	Janus Contrarian	Pair Corr
0.96	JDBAX	Janus Balanced	Pair Corr
1.0	JDCRX	Janus Forty Fund	Pair Corr

Moving against Janus Mutual Fund

0.74	JAFIX	Janus Flexible Bond	Pair Corr
0.72	JAFLX	Flexible Bond Portfolio	Pair Corr
0.61	JAGLX	Janus Global Life	Pair Corr
0.38	JAOSX	Janus Overseas	Pair Corr
0.73	JFLEX	Janus Flexible Bond	Pair Corr
0.62	JFNCX	Janus Global Life	Pair Corr
0.61	JFNSX	Janus Global Life	Pair Corr
0.61	JFNIX	Janus Global Life	Pair Corr
0.47	JERTX	Janus Global Real	Pair Corr
0.47	JERSX	Janus Global Real	Pair Corr
0.46	JERAX	Janus Global Real	Pair Corr
0.46	JERIX	Janus Global Real	Pair Corr

Related Correlations Analysis

	JDIAX	JDMAX	HGOAX	MRSAX	JACCX
JDIAX		-0.42	-0.44	0.95	-0.38	JDIAX
JDMAX	-0.42		0.9	-0.51	0.89	JDMAX
HGOAX	-0.44	0.9		-0.56	0.98	HGOAX
MRSAX	0.95	-0.51	-0.56		-0.48	MRSAX
JACCX	-0.38	0.89	0.98	-0.48		JACCX
	JDIAX	JDMAX	HGOAX	MRSAX	JACCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

JACCX	+ 0.98	HGOAX
MRSAX	+ 0.95	JDIAX
HGOAX	+ 0.9	JDMAX
JACCX	+ 0.89	JDMAX

High negative correlations

MRSAX	- 0.56	HGOAX
MRSAX	- 0.51	JDMAX
JACCX	- 0.48	MRSAX
HGOAX	- 0.44	JDIAX
JDMAX	- 0.42	JDIAX
JACCX	- 0.38	JDIAX

Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Forty 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 Forty'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
JDIAX	0.70	(0.17)	0.00	(0.18)	0.00	0.00	1.19	(1.67)	4.29
JDMAX	0.59	0.00	(0.02)	0.11	0.63	(0.60)	1.23	(1.22)	3.56
HGOAX	0.81	0.03	0.02	0.14	1.18	(0.75)	1.72	(2.31)	5.60
MRSAX	0.60	(0.15)	0.00	(0.20)	0.00	0.00	0.84	(1.38)	3.66
JACCX	0.67	(0.01)	(0.02)	0.11	0.91	(0.66)	1.37	(1.77)	4.64

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