Janus Global Correlations

Mutual Funds . USA . 
Fund . Janus Global Unconstrained
JUCNX Fund  USD 8.95  0.01  0.11%   
The current 90-days correlation between Janus Global Unconst and Janus Research Fund is -0.06 (i.e., Good diversification). 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Janus Global Unconstrained. 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

  0.65JAAGX Enterprise PortfolioPairCorr
  0.61JRSDX Intech Managed VolatilityPairCorr
  0.62JRSNX Intech Managed VolatilityPairCorr
  0.62JRSSX Intech Managed VolatilityPairCorr
  0.65JRSTX Intech Managed VolatilityPairCorr
  0.81JACAX Forty Portfolio InstPairCorr
  0.87JAGRX Research PortfolioPairCorr
  0.74JAGIX Janus Growth AndPairCorr

Moving against Janus Mutual Fund

  0.42JACNX Janus TrarianPairCorr
  0.75JAGLX Janus Global LifePairCorr
  0.5JAFLX Flexible Bond PortfolioPairCorr
  0.47JACCX Janus Forty FundPairCorr
  0.46JADGX Janus Growth AndPairCorr
  0.44JAGCX Janus Global TechnologyPairCorr
  0.43JADFX Janus Flexible BondPairCorr
  0.39JAFIX Janus Flexible BondPairCorr
  0.33JACTX Janus Forty FundPairCorr
  0.32JAGTX Janus Global TechnologyPairCorr
  0.62JAOSX Janus OverseasPairCorr
  0.57JANRX Janus Global SelectPairCorr
  0.55JAIGX Overseas PortfolioPairCorr
  0.35JARTX Janus Forty FundPairCorr
  0.31JATNX Janus Henderson GlobalPairCorr

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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JRAAX  0.81  0.03  0.01  0.18  1.44 
(0.71)
 1.64 
(2.51)
 6.81 
JRACX  0.82  0.02  0.00  0.10  1.54 
(0.71)
 1.64 
(2.52)
 7.53 
JRAIX  0.81  0.03  0.01  0.19  1.44 
(0.71)
 1.63 
(2.51)
 6.74 
JRANX  0.81  0.03  0.01  0.19  1.43 
(0.71)
 1.64 
(2.50)
 6.75 
JRARX  0.81  0.03  0.00  0.16  1.46 
(0.71)
 1.64 
(2.51)
 6.93 
JRASX  0.81  0.03  0.00  0.16  1.47 
(0.71)
 1.64 
(2.50)
 6.98 
JAAGX  0.60  0.02  0.00  0.12  0.87 
(0.56)
 1.17 
(1.12)
 5.49 
JABAX  0.46 (0.07) 0.00 (0.54) 0.00 
 0.00 
 0.76 
(1.05)
 6.49 
JABCX  0.45 (0.07) 0.00 (0.56) 0.00 
 0.00 
 0.78 
(1.07)
 6.33 
JRSAX  0.58  0.00 (0.01) 0.05  1.03 
(0.55)
 1.08 
(1.07)
 5.59 

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