Janus Forty Fund Market Value
| JACTX Fund | USD 58.35 0.44 0.76% |
| Symbol | JANUS |
Janus Forty 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Janus Forty's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Janus Forty.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Janus Forty on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Janus Forty Fund or generate 0.0% return on investment in Janus Forty over 30 days. Janus Forty is related to or competes with Janus Forty, Janus Research, Brown Advisory, Janus Venture, and Janus Global. The fund pursues its investment objective by normally investing primarily in a portfolio of 30-40 common stocks selected... More
Janus Forty Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Janus Forty's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Janus Forty Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.64 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.39 |
Janus Forty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Forty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Forty's standard deviation. In reality, there are many statistical measures that can use Janus Forty historical prices to predict the future Janus Forty's volatility.| Risk Adjusted Performance | 0.1048 | |||
| Jensen Alpha | 0.008 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.137 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Forty's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Janus Forty Fund Backtested Returns
At this stage we consider JANUS Mutual Fund to be very steady. Janus Forty Fund holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Janus Forty Fund, which you can use to evaluate the volatility of the entity. Please check out Janus Forty's Downside Deviation of 1.12, risk adjusted performance of 0.1048, and Market Risk Adjusted Performance of 0.147 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The fund retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Janus Forty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Forty is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Janus Forty Fund has very good predictability. Overlapping area represents the amount of predictability between Janus Forty time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Janus Forty Fund price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Janus Forty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Janus Forty Fund lagged returns against current returns
Autocorrelation, which is Janus Forty mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Janus Forty's mutual fund expected returns. We can calculate the autocorrelation of Janus Forty returns to help us make a trade decision. For example, suppose you find that Janus Forty has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Janus Forty regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Janus Forty mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Forty mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Janus Forty mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Forty Lagged Returns
When evaluating Janus Forty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Forty mutual fund have on its future price. Janus Forty autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Janus Forty autocorrelation shows the relationship between Janus Forty mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Forty Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in JANUS Mutual Fund
Janus Forty financial ratios help investors to determine whether JANUS Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in JANUS with respect to the benefits of owning Janus Forty security.
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