Janus Flexible Correlations

Mutual Funds . USA . 
Fund . Janus Flexible Bond
JAFIX Fund  USD 9.23  0.01  0.11%   
The current 90-days correlation between Janus Flexible Bond and Janus Balanced Fund is 0.25 (i.e., Modest 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

Modest diversification

The correlation between Janus Flexible Bond and DJI is 0.22 (i.e., Modest 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 gross domestic product.

Moving together with Janus Mutual Fund

  0.66JAAGX Enterprise PortfolioPairCorr
  0.67JABAX Janus BalancedPairCorr
  0.66JABCX Janus BalancedPairCorr
  0.67JRSAX Intech Managed VolatilityPairCorr
  0.67JRSDX Intech Managed VolatilityPairCorr
  0.68JRSCX Intech Managed VolatilityPairCorr
  0.67JRSIX Intech Managed VolatilityPairCorr
  0.67JRSNX Intech Managed VolatilityPairCorr
  0.67JRSSX Intech Managed VolatilityPairCorr
  0.67JRSTX Intech Managed VolatilityPairCorr
  0.9JADFX Janus Flexible BondPairCorr
  0.67JABNX Janus BalancedPairCorr
  0.66JABRX Janus BalancedPairCorr
  0.99JAFLX Flexible Bond PortfolioPairCorr
  0.62JAIGX Overseas PortfolioPairCorr
  0.67JANBX Janus BalancedPairCorr
  1.0JANFX Janus Flexible BondPairCorr

Related Correlations Analysis

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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.

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