Janus Global Research Fund Market Value

JWWFX Fund  USD 114.39  0.12  0.10%   
Janus Global's market value is the price at which a share of Janus Global trades on a public exchange. It measures the collective expectations of Janus Global Research investors about its performance. Janus Global is trading at 114.39 as of the 16th of December 2024; that is 0.1 percent decrease since the beginning of the trading day. The fund's open price was 114.51.
With this module, you can estimate the performance of a buy and hold strategy of Janus Global Research and determine expected loss or profit from investing in Janus Global over a given investment horizon. Check out Janus Global Correlation, Janus Global Volatility and Janus Global Alpha and Beta module to complement your research on Janus Global.
Symbol

Please note, there is a significant difference between Janus Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Janus Global '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 Global'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 Global.
0.00
11/16/2024
No Change 0.00  0.0 
In 31 days
12/16/2024
0.00
If you would invest  0.00  in Janus Global on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Janus Global Research or generate 0.0% return on investment in Janus Global over 30 days. Janus Global is related to or competes with Templeton Foreign, Franklin Small, Janus Research, Janus Global, and Janus Trarian. The fund pursues its investment objective by investing primarily in common stocks selected for their growth potential More

Janus Global 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 Global'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 Global Research upside and downside potential and time the market with a certain degree of confidence.

Janus Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Global's standard deviation. In reality, there are many statistical measures that can use Janus Global historical prices to predict the future Janus Global's volatility.
Hype
Prediction
LowEstimatedHigh
112.92114.05115.18
Details
Intrinsic
Valuation
LowRealHigh
102.95115.58116.71
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Janus Global. Your research has to be compared to or analyzed against Janus Global's peers to derive any actionable benefits. When done correctly, Janus Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Janus Global Research.

Janus Global Research Backtested Returns

Janus Global Research holds Efficiency (Sharpe) Ratio of -0.0117, which attests that the entity had a -0.0117% return per unit of risk over the last 3 months. Janus Global Research exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Janus Global's Market Risk Adjusted Performance of 0.0062, downside deviation of 1.53, and Risk Adjusted Performance of 0.0081 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Janus Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Global is expected to be smaller as well.

Auto-correlation

    
  -0.83  

Excellent reverse predictability

Janus Global Research has excellent reverse predictability. Overlapping area represents the amount of predictability between Janus Global time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th of December 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 Global Research price movement. The serial correlation of -0.83 indicates that around 83.0% of current Janus Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.83
Spearman Rank Test-0.79
Residual Average0.0
Price Variance20.01

Janus Global Research lagged returns against current returns

Autocorrelation, which is Janus Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Janus Global returns to help us make a trade decision. For example, suppose you find that Janus Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Global 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 Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Janus Global Lagged Returns

When evaluating Janus Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Global mutual fund have on its future price. Janus Global 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 Global autocorrelation shows the relationship between Janus Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Global Research.
   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 Global 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 Global security.
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