Janus Flexible Correlations

Mutual Funds . USA . 
Fund . Janus Flexible Bond
JDFRX Fund  USD 9.17  0.02  0.22%   
The current 90-days correlation between Janus Flexible Bond and Janus Research Fund is 0.12 (i.e., Average 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 metropolitan statistical area.

Moving together with Janus Mutual Fund

  0.7JABAX Janus BalancedPairCorr
  0.7JABCX Janus BalancedPairCorr
  0.61JRSDX Intech Managed VolatilityPairCorr
  0.62JRSCX Intech Managed VolatilityPairCorr
  0.92JADFX Janus Flexible BondPairCorr
  0.7JABNX Janus BalancedPairCorr
  0.69JABRX Janus BalancedPairCorr
  1.0JAFIX Janus Flexible BondPairCorr
  0.99JAFLX Flexible Bond PortfolioPairCorr
  0.72JAIGX Overseas PortfolioPairCorr
  0.7JANBX Janus BalancedPairCorr
  1.0JANFX Janus Flexible BondPairCorr

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
JRAAX  0.88 (0.03) 0.00 (0.06) 0.00 
 0.00 
 1.66 
(2.51)
 6.81 
JRACX  0.90 (0.04) 0.00 (0.09) 0.00 
 0.00 
 1.65 
(2.52)
 7.53 
JRAIX  0.88 (0.03) 0.00 (0.05) 0.00 
 0.00 
 1.66 
(2.51)
 6.74 
JRANX  0.88 (0.02) 0.00 (3.26) 0.00 
 0.00 
 1.66 
(2.50)
 6.75 
JRARX  0.89 (0.03) 0.00 (0.06) 0.00 
 0.00 
 1.65 
(2.51)
 6.93 
JRASX  0.89 (0.03) 0.00 (0.06) 0.00 
 0.00 
 1.66 
(2.50)
 6.98 
JAAGX  0.61  0.01  0.00  0.12  0.89 
(0.59)
 1.08 
(1.25)
 5.48 
JABAX  0.48 (0.08) 0.00 (0.28) 0.00 
 0.00 
 0.81 
(1.29)
 6.03 
JABCX  0.48 (0.08) 0.00 (0.30) 0.00 
 0.00 
 0.80 
(1.30)
 6.03 
JRSAX  0.60 (0.01)(0.02)(0.02) 1.00 
(0.56)
 1.10 
(1.68)
 5.06 

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