Janus Global Correlations

JORIX Fund

USD 20.59 0.15 0.73%

The current 90-days correlation between Janus Global Select and Janus Global Select 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

Average diversification

The correlation between Janus Global Select and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Select 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 Select. 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 gross domestic product.

Moving together with Janus Mutual Fund

0.97	FCWGX	American Funds Capital	Pair Corr
0.97	FWCGX	American Funds Capital	Pair Corr
0.85	CWGIX	Capital World Growth	Pair Corr
0.85	CWGFX	Capital World Growth	Pair Corr
0.97	CWGCX	Capital World Growth	Pair Corr
0.85	RWIFX	Capital World Growth	Pair Corr
0.97	CWICX	Capital World Growth	Pair Corr
0.97	RWIAX	Capital World Growth	Pair Corr
0.85	CWIAX	Capital World Growth	Pair Corr
0.97	WGIFX	Capital World Growth	Pair Corr
0.71	PFN	Pimco Income Strategy	Pair Corr
0.65	XNKGX	Nuveen Georgia Quality	Pair Corr
0.65	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.64	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.71	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.66	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.62	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.7	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Janus Mutual Fund

0.31	XNXJX	Nuveen New Jersey	Pair Corr
0.4	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.31	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	JORCX	JCNIX	JORAX	JGRCX	JORRX
JORCX		0.85	1.0	0.66	1.0	JORCX
JCNIX	0.85		0.86	0.8	0.86	JCNIX
JORAX	1.0	0.86		0.67	1.0	JORAX
JGRCX	0.66	0.8	0.67		0.66	JGRCX
JORRX	1.0	0.86	1.0	0.66		JORRX
	JORCX	JCNIX	JORAX	JGRCX	JORRX

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 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
JORCX	0.57	0.06	(0.07)	0.75	0.64	(0.70)	1.06	(1.54)	3.54
JCNIX	0.71	0.16	0.05	2.18	0.66	(0.81)	1.48	(1.21)	5.72
JORAX	0.58	0.06	(0.07)	0.81	0.63	(0.70)	1.09	(1.54)	3.56
JGRCX	0.59	(0.01)	(0.03)	0.12	0.63	(0.59)	1.23	(1.23)	3.56
JORRX	0.57	0.06	(0.07)	0.77	0.62	(0.70)	1.06	(1.53)	3.55

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