Janus Global Correlations

Mutual Funds . USA . 
Fund . Janus Global Allocation
JMOSX Fund  USD 13.68  0.02  0.15%   
The current 90-days correlation between Janus Global Allocation and Janus Global Allocation is 0.99 (i.e., No risk reduction). The correlation of Janus Global 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 Global Correlation With Market

Almost no diversification

The correlation between Janus Global Allocation and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Allocation 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 Global Allocation. 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 producer price index.

Moving together with Janus Mutual Fund

  0.66JRAAX Janus ResearchPairCorr
  0.66JRARX Janus Henderson ResearchPairCorr
  0.66JRASX Janus ResearchPairCorr
  0.7JAAGX Enterprise PortfolioPairCorr
  0.8JABAX Janus BalancedPairCorr
  0.8JABCX Janus BalancedPairCorr
  0.83JRSAX Intech Managed VolatilityPairCorr
  0.83JRSDX Intech Managed VolatilityPairCorr
  0.83JRSCX Intech Managed VolatilityPairCorr
  0.83JRSIX Intech Managed VolatilityPairCorr
  0.83JRSNX Intech Managed VolatilityPairCorr
  0.83JRSSX Intech Managed VolatilityPairCorr
  0.83JRSTX Intech Managed VolatilityPairCorr
  0.74JACNX Janus ContrarianPairCorr
  0.62JACTX Janus Forty FundPairCorr
  0.75JADFX Janus Flexible BondPairCorr
  0.82JADGX Janus Growth AndPairCorr
  0.68JABLX Balanced PortfolioPairCorr
  0.8JABNX Janus BalancedPairCorr
  0.8JABRX Janus BalancedPairCorr
  0.75JAENX Janus EnterprisePairCorr
  0.71JAFIX Janus Flexible BondPairCorr
  0.74JAFLX Flexible Bond PortfolioPairCorr
  0.81JAGTX Janus Global TechnologyPairCorr
  0.82JAGIX Janus Growth AndPairCorr
  0.81JAGLX Janus Global LifePairCorr
  0.95JAHYX Janus High YieldPairCorr
  0.96JAIGX Overseas PortfolioPairCorr
  0.75JANBX Janus BalancedPairCorr
  0.75JANEX Janus EnterprisePairCorr
  0.77JANFX Janus Flexible BondPairCorr
  0.84JANIX Janus TritonPairCorr
  0.88JANRX Janus Global SelectPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Global 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 Global'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
JMOIX  0.36  0.01 (0.04) 0.08  0.41 
(0.40)
 0.73 
(0.76)
 2.20 
JSPMX  0.37  0.01 (0.04) 0.08  0.42 
(0.41)
 0.73 
(0.76)
 2.20 
JGCAX  0.46  0.01 (0.02) 0.07  0.59 
(0.46)
 0.89 
(1.02)
 3.02 
JGCSX  0.47  0.06  0.00  2.74  0.49 
(0.52)
 0.90 
(1.09)
 2.45 
JGCIX  0.46  0.01 (0.02) 0.07  0.55 
(0.50)
 0.88 
(1.01)
 2.99 
JGCCX  0.46  0.01 (0.03) 0.07  0.55 
(0.51)
 0.86 
(1.04)
 2.95 
JSPGX  0.46  0.01 (0.02) 0.07  0.57 
(0.49)
 0.83 
(1.08)
 2.92 
JCAAX  0.28  0.04 (0.06) 1.65  0.27 
(0.31)
 0.56 
(0.56)
 1.33 
JCACX  0.27  0.01 (0.08) 0.08  0.30 
(0.29)
 0.49 
(0.62)
 1.57 
JCASX  0.28  0.01 (0.07) 0.08  0.28 
(0.31)
 0.54 
(0.56)
 1.62 

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