Janus Growth Correlations

JGICX Fund  USD 78.69  0.37  0.47%   
The current 90-days correlation between Janus Growth And and Janus Growth And is 1.0 (i.e., No risk reduction). The correlation of Janus Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Janus Growth And and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Growth And 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 Growth And. 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

  0.95JRAAX Janus ResearchPairCorr
  0.95JRACX Janus ResearchPairCorr
  0.95JRAIX Janus ResearchPairCorr
  0.95JRANX Janus ResearchPairCorr
  0.95JRARX Janus Henderson ResearchPairCorr
  0.95JRASX Janus ResearchPairCorr
  0.92JAAGX Enterprise PortfolioPairCorr
  0.98JABAX Janus BalancedPairCorr
  0.98JABCX Janus BalancedPairCorr
  0.97JRSAX Intech Managed VolatilityPairCorr
  0.97JRSDX Intech Managed VolatilityPairCorr
  0.97JRSCX Intech Managed VolatilityPairCorr
  0.97JRSIX Intech Managed VolatilityPairCorr
  0.96JRSNX Intech Managed VolatilityPairCorr
  0.96JRSSX Intech Managed VolatilityPairCorr
  0.97JRSTX Intech Managed VolatilityPairCorr
  0.96JACNX Janus ContrarianPairCorr
  0.96JACTX Janus Forty FundPairCorr
  1.0JADGX Janus Growth AndPairCorr
  0.98JABLX Balanced PortfolioPairCorr
  0.98JABNX Janus BalancedPairCorr
  0.98JABRX Janus BalancedPairCorr
  0.96JACAX Forty Portfolio InstPairCorr
  0.96JACCX Janus Forty FundPairCorr
  0.92JAENX Janus EnterprisePairCorr
  0.95JAGRX Research PortfolioPairCorr
  0.94JAGTX Janus Global TechnologyPairCorr
  0.94JAGCX Janus Global TechnologyPairCorr
  1.0JAGIX Janus Growth AndPairCorr
  0.81JAHYX Janus High YieldPairCorr
  0.98JANBX Janus BalancedPairCorr
  0.92JANEX Janus EnterprisePairCorr
  0.9JANIX Janus TritonPairCorr
  0.91JANRX Janus Global SelectPairCorr

Moving against Janus Mutual Fund

  0.61JADFX Janus Flexible BondPairCorr
  0.6JAFIX Janus Flexible BondPairCorr
  0.58JAFLX Flexible Bond PortfolioPairCorr
  0.5JAGLX Janus Global LifePairCorr
  0.61JANFX Janus Flexible BondPairCorr

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   
JDNAXJADGX
JABCXJADGX
JDNAXJABCX
JGRCXJADGX
JDNAXJGRCX
JABCXJGRCX
  
High negative correlations   
JGRCXJFICX
JDNAXJFICX
JFICXJADGX
JABCXJFICX

Risk-Adjusted Indicators

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