Janus Triton Correlations

JATTX Fund

USD 27.42 0.23 0.85%

The current 90-days correlation between Janus Triton and Janus Global Select is 0.14 (i.e., Average diversification). The correlation of Janus Triton 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 Triton Correlation With Market

Very weak diversification

The correlation between Janus Triton Fund and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Triton 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 Triton 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

0.76	VEXPX	Vanguard Explorer	Pair Corr
0.76	VEXRX	Vanguard Explorer	Pair Corr
0.95	JGMIX	Janus Triton	Pair Corr
0.95	JGMRX	Janus Triton	Pair Corr
0.95	JGMAX	Janus Triton	Pair Corr
0.94	JGMCX	Janus Triton	Pair Corr
0.9	JGMNX	Janus Triton	Pair Corr
0.88	INTC	Intel	Pair Corr
0.87	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.8	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.66	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.69	VZ	Verizon Communications	Pair Corr
0.68	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.78	HPQ	HP Inc	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.87	AA	Alcoa Corp	Pair Corr

Moving against Janus Mutual Fund

0.78

Boeing

Pair Corr

Related Correlations Analysis

	JORNX	YAFFX	JSVAX	JAOSX	JAVTX
JORNX		0.89	0.73	0.35	0.89	JORNX
YAFFX	0.89		0.62	0.32	0.83	YAFFX
JSVAX	0.73	0.62		0.55	0.76	JSVAX
JAOSX	0.35	0.32	0.55		0.16	JAOSX
JAVTX	0.89	0.83	0.76	0.16		JAVTX
	JORNX	YAFFX	JSVAX	JAOSX	JAVTX

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Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Triton 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 Triton'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
JORNX	0.75	(0.12)	0.00	(0.19)	0.00	0.00	1.00	(1.69)	9.47
YAFFX	0.54	(0.19)	0.00	(0.45)	0.00	0.00	0.77	(0.85)	9.60
JSVAX	0.88	0.00	0.00	0.09	1.17	(0.94)	1.68	(1.63)	7.24
JAOSX	0.55	(0.04)	(0.11)	(0.02)	0.78	(0.55)	1.19	(1.20)	3.49
JAVTX	0.93	(0.10)	0.00	(0.02)	0.00	0.00	1.59	(1.93)	10.06

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