Janus Henderson Correlations

JHG Stock

USD 45.25 0.08 0.18%

The current 90-days correlation between Janus Henderson Group and Franklin Resources is 0.62 (i.e., Poor diversification). The correlation of Janus Henderson 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.

Janus Henderson Correlation With Market

Poor diversification

The correlation between Janus Henderson Group and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Henderson Group 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 Henderson Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Janus Stock

0.85	V	Visa Class A	Pair Corr
0.76	DHIL	Diamond Hill Investment	Pair Corr
0.91	DIST	Distoken Acquisition	Pair Corr
0.79	AB	AllianceBernstein	Pair Corr
0.79	AC	Associated Capital	Pair Corr
0.92	BN	Brookfield Corp	Pair Corr
0.93	BX	Blackstone Group Normal Trading	Pair Corr
0.9	CG	Carlyle Group	Pair Corr
0.96	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.93	LC	LendingClub Corp	Pair Corr
0.73	LX	Lexinfintech Holdings	Pair Corr
0.87	MA	Mastercard	Pair Corr
0.86	MC	Moelis	Pair Corr
0.98	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.87	PX	P10 Inc	Pair Corr
0.84	QD	Qudian Inc	Pair Corr
0.98	SF	Stifel Financial Earnings Call Tomorrow	Pair Corr
0.7	TW	Tradeweb Markets	Pair Corr
0.9	WT	WisdomTree	Pair Corr
0.97	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.79	DUET	DUET Acquisition Corp	Pair Corr
0.82	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.81	DYCQ	DT Cloud Acquisition	Pair Corr
0.96	VRTS	Virtus Investment	Pair Corr

Moving against Janus Stock

0.63	PT	Pintec Technology	Pair Corr
0.82	WU	Western Union	Pair Corr
0.75	XP	Xp Inc	Pair Corr
0.56	RM	Regional Management Corp	Pair Corr
0.36	DMYY	dMY Squared Technology	Pair Corr
0.8	BRKHU	BurTech Acquisition Corp	Pair Corr
0.7	BRKHW	BurTech Acquisition Corp	Pair Corr
0.65	BRACU	Broad Capital Acquisition	Pair Corr
0.38	PFTAU	Portage Fintech Acqu	Pair Corr

Related Correlations Analysis

	BEN	STT	NTRS	PFG	BSIG	MVF	FMN	MYI	FTF	MYD
BEN		0.86	0.86	0.41	0.91	-0.42	-0.71	-0.45	-0.25	-0.18	BEN
STT	0.86		0.94	0.62	0.93	-0.48	-0.68	-0.44	-0.17	-0.15	STT
NTRS	0.86	0.94		0.43	0.93	-0.63	-0.82	-0.61	-0.37	-0.28	NTRS
PFG	0.41	0.62	0.43		0.47	0.18	0.07	0.3	0.36	0.49	PFG
BSIG	0.91	0.93	0.93	0.47		-0.43	-0.7	-0.44	-0.22	-0.12	BSIG
MVF	-0.42	-0.48	-0.63	0.18	-0.43		0.87	0.92	0.67	0.83	MVF
FMN	-0.71	-0.68	-0.82	0.07	-0.7	0.87		0.91	0.62	0.7	FMN
MYI	-0.45	-0.44	-0.61	0.3	-0.44	0.92	0.91		0.71	0.88	MYI
FTF	-0.25	-0.17	-0.37	0.36	-0.22	0.67	0.62	0.71		0.58	FTF
MYD	-0.18	-0.15	-0.28	0.49	-0.12	0.83	0.7	0.88	0.58		MYD
	BEN	STT	NTRS	PFG	BSIG	MVF	FMN	MYI	FTF	MYD

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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

NTRS	+ 0.94	STT
BSIG	+ 0.93	STT
BSIG	+ 0.93	NTRS
MYI	+ 0.92	MVF
BSIG	+ 0.91	BEN
MYI	+ 0.91	FMN

High negative correlations

FMN	- 0.82	NTRS
FMN	- 0.71	BEN
FMN	- 0.7	BSIG
FMN	- 0.68	STT
MVF	- 0.63	NTRS
MYI	- 0.61	NTRS

Risk-Adjusted Indicators

There is a big difference between Janus Stock performing well and Janus Henderson Company 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 Henderson'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
BEN	1.20	(0.03)	0.00	0.10	1.52	(1.17)	2.52	(2.10)	6.27
STT	0.95	0.14	0.14	0.26	0.74	(1.16)	2.46	(1.47)	5.94
NTRS	1.03	0.25	0.23	0.39	0.57	(1.20)	2.39	(1.40)	9.54
PFG	0.98	(0.01)	0.02	0.12	1.35	(1.14)	2.17	(2.20)	9.84
BSIG	1.44	0.22	0.18	0.23	1.30	(1.59)	3.12	(3.01)	9.55
MVF	0.48	(0.02)	0.00	10.25	0.00	0.00	0.83	(1.09)	2.81
FMN	0.50	(0.06)	0.00	0.68	0.00	0.00	1.07	(1.49)	5.10
MYI	0.37	(0.02)	0.00	2.26	0.00	0.00	0.87	(0.94)	2.59
FTF	0.35	0.01	(0.19)	0.17	0.33	(0.44)	0.76	(0.62)	2.30
MYD	0.49	0.01	(0.17)	0.32	0.55	(0.55)	1.08	(1.06)	2.65

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