Janus Forty Correlations

JACTX Fund

USD 53.22 0.08 0.15%

The current 90-days correlation between Janus Forty Fund and Janus Forty Fund is 1.0 (i.e., No risk reduction). The correlation of Janus Forty 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 Forty Correlation With Market

Modest diversification

The correlation between Janus Forty Fund and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Forty Fund 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 Forty Fund. 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 estimate.

Moving together with Janus Mutual Fund

0.75	JRAAX	Janus Research	Pair Corr
0.85	JRACX	Janus Research	Pair Corr
0.73	JRAIX	Janus Research	Pair Corr
0.73	JRANX	Janus Research	Pair Corr
0.77	JRARX	Janus Henderson Research	Pair Corr
0.78	JRASX	Janus Research	Pair Corr
0.91	JABAX	Janus Balanced	Pair Corr
0.92	JABCX	Janus Balanced	Pair Corr
0.98	JACNX	Janus Contrarian	Pair Corr
0.94	JADGX	Janus Growth And	Pair Corr
0.91	JABNX	Janus Balanced	Pair Corr
0.91	JABRX	Janus Balanced	Pair Corr
0.99	JACCX	Janus Forty Fund Potential Growth	Pair Corr
0.93	JAENX	Janus Enterprise	Pair Corr
1.0	JAGTX	Janus Global Technology	Pair Corr
1.0	JAGCX	Janus Global Technology	Pair Corr
0.94	JAGIX	Janus Growth And	Pair Corr
0.9	JAGLX	Janus Global Life	Pair Corr
0.91	JANBX	Janus Balanced	Pair Corr
0.93	JANEX	Janus Enterprise	Pair Corr
0.97	JANIX	Janus Triton	Pair Corr
0.99	JANRX	Janus Global Select	Pair Corr

Moving against Janus Mutual Fund

0.34	JAGRX	Research Portfolio	Pair Corr
0.62	JASBX	Janus Short Term	Pair Corr
0.52	JSHCX	Janus Short Term	Pair Corr
0.51	JSHAX	Janus Short Term	Pair Corr

Related Correlations Analysis

	JFRDX	JAMRX	BIAWX	JAVTX	JAGTX
JFRDX		0.73	0.67	0.94	1.0	JFRDX
JAMRX	0.73		0.83	0.79	0.74	JAMRX
BIAWX	0.67	0.83		0.77	0.66	BIAWX
JAVTX	0.94	0.79	0.77		0.94	JAVTX
JAGTX	1.0	0.74	0.66	0.94		JAGTX
	JFRDX	JAMRX	BIAWX	JAVTX	JAGTX

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Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Forty 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 Forty'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
JFRDX	1.02	(0.13)	0.00	(0.17)	0.00	0.00	1.70	(2.53)	11.53
JAMRX	0.97	(0.02)	(0.04)	0.04	1.53	(0.92)	1.75	(2.66)	6.75
BIAWX	0.95	(0.04)	(0.05)	0.00	1.67	(0.84)	1.87	(2.79)	8.12
JAVTX	0.91	(0.08)	0.00	(0.03)	0.00	0.00	1.59	(1.93)	10.06
JAGTX	1.09	(0.13)	0.00	(0.25)	0.00	0.00	2.00	(2.81)	12.41

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