Janus Triton Fund Market Value
| JGMCX Fund | USD 24.33 0.03 0.12% |
| Symbol | Janus |
Janus Triton '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 Triton'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 Triton.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Janus Triton on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Janus Triton Fund or generate 0.0% return on investment in Janus Triton over 540 days. Janus Triton is related to or competes with Janus Flexible, Oppenheimer Developing, Ivy High, Janus Triton, and Janus Enterprise. The fund pursues its investment objective by investing at least 50 percent of its equity assets in small- and medium-siz... More
Janus Triton 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 Triton'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 Triton Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8909 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.76 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.58 |
Janus Triton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Triton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Triton's standard deviation. In reality, there are many statistical measures that can use Janus Triton historical prices to predict the future Janus Triton's volatility.| Risk Adjusted Performance | 0.0961 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0996 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Triton'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 Triton Backtested Returns
At this stage we consider Janus Mutual Fund to be very steady. Janus Triton holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Janus Triton, which you can use to evaluate the volatility of the entity. Please check out Janus Triton's Downside Deviation of 0.8909, market risk adjusted performance of 0.1096, and Risk Adjusted Performance of 0.0961 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The fund retains a Market Volatility (i.e., Beta) of 1.05, which attests to a somewhat significant risk relative to the market. Janus Triton returns are very sensitive to returns on the market. As the market goes up or down, Janus Triton is expected to follow.
Auto-correlation | -0.27 |
Weak reverse predictability
Janus Triton Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Janus Triton time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Triton price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Janus Triton price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.76 |
Janus Triton lagged returns against current returns
Autocorrelation, which is Janus Triton 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 Triton's mutual fund expected returns. We can calculate the autocorrelation of Janus Triton returns to help us make a trade decision. For example, suppose you find that Janus Triton 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 Triton 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 Triton mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Triton 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 Triton mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Triton Lagged Returns
When evaluating Janus Triton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Triton mutual fund have on its future price. Janus Triton 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 Triton autocorrelation shows the relationship between Janus Triton mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Triton 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 Triton 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 Triton security.
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