Janus Contrarian Correlations

Mutual Funds . USA . 
Fund . Janus Trarian Fund
JCNCX Fund  USD 24.37  0.22  0.91%   
The current 90-days correlation between Janus Contrarian and Janus Trarian Fund is 1.0 (i.e., No risk reduction). The correlation of Janus Contrarian 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 Contrarian Correlation With Market

JanusDowDiversified AwayJanusDowDiversified Away100%

Very weak diversification

The correlation between Janus Trarian Fund and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Trarian 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 Trarian 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 main economic indicators.

Moving together with Janus Mutual Fund

  0.78JRAAX Janus ResearchPairCorr
  0.77JRAIX Janus ResearchPairCorr
  0.77JRANX Janus ResearchPairCorr
  0.79JRARX Janus Henderson ResearchPairCorr
  0.79JRASX Janus ResearchPairCorr
  0.73JAAGX Enterprise PortfolioPairCorr
  0.88JABAX Janus BalancedPairCorr
  0.88JABCX Janus BalancedPairCorr
  0.73JRSAX Intech Managed VolatilityPairCorr
  0.76JRSCX Intech Managed VolatilityPairCorr
  0.74JRSIX Intech Managed VolatilityPairCorr
  0.73JRSNX Intech Managed VolatilityPairCorr
  0.74JRSSX Intech Managed VolatilityPairCorr
  0.74JRSTX Intech Managed VolatilityPairCorr
  1.0JACNX Janus ContrarianPairCorr
  0.97JACTX Janus Forty FundPairCorr
  0.92JADGX Janus Growth AndPairCorr
  0.88JABNX Janus BalancedPairCorr
  0.88JABRX Janus BalancedPairCorr
  0.97JACCX Janus Forty FundPairCorr
  0.98JAENX Janus EnterprisePairCorr
  0.96JAGTX Janus Global TechnologyPairCorr
  0.92JAGIX Janus Growth AndPairCorr
  0.92JAGLX Janus Global LifePairCorr
  0.88JANBX Janus BalancedPairCorr
  0.97JANEX Janus EnterprisePairCorr
  0.98JANIX Janus TritonPairCorr
  0.97JANRX Janus Global SelectPairCorr
  0.77JAMRX Janus ResearchPairCorr
  0.86JAMVX Janus Aspen PerkinsPairCorr
  0.85JSCVX Perkins Small CapPairCorr
  0.97JARTX Janus Forty FundPairCorr

Moving against Janus Mutual Fund

  0.34JASBX Janus Short TermPairCorr
  0.33JSHAX Janus Short TermPairCorr
  0.32JSHIX Janus Short TermPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
JCNIX
+ 1.0
JCNAX
JCNRX
+ 1.0
JCNAX
JCNRX
+ 1.0
JCNIX
JACCX
+ 0.97
JCNAX
JACCX
+ 0.97
JCNIX
JCNRX
+ 0.97
JACCX
  
High negative correlations   
JIGCX
- 0.09
JACCX

Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Contrarian 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 Contrarian'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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