Janus Investment Correlations

JNMXX Fund

USD 1.00 0.00 0.00%

The correlation of Janus Investment 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Janus Investment. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Related Correlations Analysis

	PRVBX	ANAGX	MSTBX	GMCDX	GANPX	TTRBX
PRVBX		0.58	0.8	0.8	0.77	0.74	PRVBX
ANAGX	0.58		0.59	0.44	0.68	0.94	ANAGX
MSTBX	0.8	0.59		0.88	0.83	0.76	MSTBX
GMCDX	0.8	0.44	0.88		0.81	0.62	GMCDX
GANPX	0.77	0.68	0.83	0.81		0.81	GANPX
TTRBX	0.74	0.94	0.76	0.62	0.81		TTRBX
	PRVBX	ANAGX	MSTBX	GMCDX	GANPX	TTRBX

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Risk-Adjusted Indicators

There is a big difference between Janus Money Market Fund performing well and Janus Investment Money Market 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 Investment'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
PRVBX	0.10	0.00	(0.59)	(0.02)	0.05	(0.13)	0.25	(0.19)	0.58
ANAGX	0.18	(0.01)	(0.30)	(0.05)	0.16	(0.28)	0.44	(0.29)	1.16
MSTBX	0.11	0.00	(0.39)	0.16	0.00	(0.14)	0.21	(0.21)	0.62
GMCDX	0.24	0.05	(0.05)	1.74	0.01	(0.31)	0.46	(0.41)	2.04
GANPX	0.06	0.00	(0.34)	(0.17)	0.00	(0.13)	0.10	(0.10)	0.68
TTRBX	0.15	(0.01)	(0.36)	(0.08)	0.14	(0.20)	0.41	(0.30)	1.01

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Janus Investment Correlations

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