Janus Global Correlations

JANWX Fund

USD 114.10 0.93 0.82%

The current 90-days correlation between Janus Global Research and Vanguard Small Cap Value is 0.51 (i.e., Very weak diversification). The correlation of Janus Global 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Janus Mutual Fund

0.62	NPFCX	New Perspective	Pair Corr
0.62	CNPCX	New Perspective	Pair Corr
0.62	RNPAX	New Perspective	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.88	INTC	Intel	Pair Corr
0.86	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.65	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.76	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.89	JNJ	Johnson Johnson	Pair Corr

Moving against Janus Mutual Fund

0.77	VZ	Verizon Communications	Pair Corr
0.75	BA	Boeing	Pair Corr
0.4	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	VISVX	MAVKX	QRSVX	MXLSX	VVSCX	SVPSX	SCYVX	HRVIX
VISVX		0.92	0.95	0.98	0.98	0.96	0.94	0.93	VISVX
MAVKX	0.92		0.94	0.95	0.96	0.92	0.98	0.97	MAVKX
QRSVX	0.95	0.94		0.96	0.97	0.97	0.97	0.98	QRSVX
MXLSX	0.98	0.95	0.96		0.99	0.98	0.97	0.96	MXLSX
VVSCX	0.98	0.96	0.97	0.99		0.98	0.98	0.97	VVSCX
SVPSX	0.96	0.92	0.97	0.98	0.98		0.97	0.95	SVPSX
SCYVX	0.94	0.98	0.97	0.97	0.98	0.97		0.98	SCYVX
HRVIX	0.93	0.97	0.98	0.96	0.97	0.95	0.98		HRVIX
	VISVX	MAVKX	QRSVX	MXLSX	VVSCX	SVPSX	SCYVX	HRVIX

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Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Global 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 Global'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
VISVX	0.73	(0.01)	(0.02)	0.08	0.85	(0.89)	1.49	(1.25)	8.26
MAVKX	0.89	(0.10)	(0.06)	0.00	1.43	(0.93)	1.73	(1.25)	12.01
QRSVX	0.76	(0.04)	(0.04)	0.05	1.12	(0.86)	1.48	(1.27)	9.39
MXLSX	0.81	(0.03)	(0.03)	0.06	0.90	(1.01)	1.69	(1.26)	10.23
VVSCX	0.89	(0.04)	(0.03)	0.05	1.15	(1.02)	1.82	(1.40)	10.88
SVPSX	0.87	(0.02)	(0.02)	0.07	1.04	(0.94)	1.69	(1.42)	10.25
SCYVX	0.88	(0.06)	(0.05)	0.03	1.13	(1.01)	1.73	(1.35)	9.85
HRVIX	0.90	(0.07)	(0.07)	0.01	1.11	(1.10)	1.61	(1.56)	10.66

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Janus Global Correlations

Moving together with Janus Mutual Fund

Moving against Janus Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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