Janus Flexible Correlations

Mutual Funds . USA . 
Fund . Janus Flexible Bond
JADFX Fund  USD 9.25  0.01  0.11%   
The current 90-days correlation between Janus Flexible Bond and Metropolitan West Total is 0.96 (i.e., Almost no diversification). The correlation of Janus Flexible 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 Flexible Correlation With Market

Significant diversification

The correlation between Janus Flexible Bond and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Flexible Bond 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 Flexible Bond. 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 census.

Moving together with Janus Mutual Fund

  0.97JAFIX Janus Flexible BondPairCorr
  1.0JAFLX Flexible Bond PortfolioPairCorr
  0.7JAGLX Janus Global LifePairCorr
  0.97JANFX Janus Flexible BondPairCorr

Moving against Janus Mutual Fund

  0.76JRAAX Janus ResearchPairCorr
  0.76JRANX Janus ResearchPairCorr
  0.73JRACX Janus ResearchPairCorr
  0.73JRAIX Janus ResearchPairCorr
  0.73JRARX Janus Henderson ResearchPairCorr
  0.73JRASX Janus ResearchPairCorr
  0.73JAGRX Research PortfolioPairCorr
  0.72JAGTX Janus Global TechnologyPairCorr
  0.7JRSIX Intech Managed VolatilityPairCorr
  0.7JRSSX Intech Managed VolatilityPairCorr
  0.68JRSAX Intech Managed VolatilityPairCorr
  0.68JRSDX Intech Managed VolatilityPairCorr
  0.68JRSNX Intech Managed VolatilityPairCorr
  0.68JRSTX Intech Managed VolatilityPairCorr
  0.68JACTX Janus Forty FundPairCorr
  0.68JACAX Forty Portfolio InstPairCorr
  0.68JACCX Janus Forty FundPairCorr
  0.67JRSCX Intech Managed VolatilityPairCorr
  0.64JACNX Janus ContrarianPairCorr
  0.62JAAGX Enterprise PortfolioPairCorr
  0.62JAENX Janus EnterprisePairCorr
  0.54JADGX Janus Growth AndPairCorr
  0.51JABAX Janus BalancedPairCorr
  0.51JABRX Janus BalancedPairCorr
  0.49JABLX Balanced PortfolioPairCorr
  0.49JABNX Janus BalancedPairCorr
  0.46JABCX Janus BalancedPairCorr
  0.75JATAX Janus Global TechnologyPairCorr
  0.73JAMRX Janus ResearchPairCorr
  0.71JAGCX Janus Global TechnologyPairCorr
  0.7JANIX Janus TritonPairCorr
  0.7JATTX Janus TritonPairCorr
  0.69JSMGX Janus TritonPairCorr
  0.68JARTX Janus Forty FundPairCorr
  0.67JAWGX Global Research PortfolioPairCorr
  0.67JAWWX Janus Global ResearchPairCorr
  0.63JANEX Janus EnterprisePairCorr

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 Flexible 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 Flexible'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
MWTNX  0.24 (0.05) 0.00 (1.05) 0.00 
 0.00 
 0.44 
(0.77)
 1.55 
MWTSX  0.25 (0.05) 0.00 (1.18) 0.00 
 0.00 
 0.47 
(0.70)
 1.66 
PTTPX  0.21 (0.03) 0.00  0.80  0.00 
 0.00 
 0.35 
(0.58)
 1.40 
PTRRX  0.22 (0.04) 0.00 (0.71) 0.00 
 0.00 
 0.35 
(0.58)
 1.40 
PTRAX  0.22 (0.04) 0.00 (0.71) 0.00 
 0.00 
 0.35 
(0.58)
 1.40 
PTTRX  0.22 (0.03) 0.00  0.73  0.00 
 0.00 
 0.35 
(0.58)
 1.40 
FIWGX  0.23 (0.04) 0.00 (0.66) 0.00 
 0.00 
 0.44 
(0.65)
 1.53 
DODIX  0.24 (0.04) 0.00 (0.88) 0.00 
 0.00 
 0.47 
(0.63)
 1.43 
MWTIX  0.24 (0.05) 0.00 (1.08) 0.00 
 0.00 
 0.44 
(0.77)
 1.56 
MWTRX  0.25 (0.04) 0.00  0.73  0.00 
 0.00 
 0.43 
(0.77)
 1.56 

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