Janus Short-term Correlations

JSHCX Fund

USD 2.87 0.00 0.00%

The correlation of Janus Short-term 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 Short-term Correlation With Market

Significant diversification

The correlation between Janus Short Term Bond and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Short Term 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 Short Term 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 main economic indicators.

Moving together with JANUS Mutual Fund

0.62	JAGRX	Research Portfolio	Pair Corr
0.78	JAHYX	Janus High Yield	Pair Corr

Moving against JANUS Mutual Fund

0.49	JACNX	Janus Contrarian	Pair Corr
0.33	JABCX	Janus Balanced	Pair Corr
0.32	JABAX	Janus Balanced	Pair Corr
0.58	JAGLX	Janus Global Life	Pair Corr
0.56	JACCX	Janus Forty Fund Potential Growth	Pair Corr
0.55	JAGCX	Janus Global Technology	Pair Corr
0.51	JAGTX	Janus Global Technology	Pair Corr
0.5	JACTX	Janus Forty Fund Potential Growth	Pair Corr
0.48	JADGX	Janus Growth And	Pair Corr
0.48	JAGIX	Janus Growth And	Pair Corr
0.32	JABRX	Janus Balanced	Pair Corr
0.31	JABNX	Janus Balanced	Pair Corr
0.31	JAENX	Janus Enterprise	Pair Corr
0.51	JARTX	Janus Forty Fund Potential Growth	Pair Corr
0.5	JATNX	Janus Henderson Global	Pair Corr
0.45	JANIX	Janus Triton	Pair Corr
0.45	JANRX	Janus Global Select	Pair Corr
0.4	JSCVX	Perkins Small Cap	Pair Corr
0.4	JSCOX	Perkins Small Cap	Pair Corr

Related Correlations Analysis

	JRAAX	JRACX	JRAIX	JRANX	JRARX	JRASX	JAAGX	JABAX	JABCX	JRSAX
JRAAX		0.98	1.0	1.0	1.0	1.0	0.68	0.78	0.77	0.87	JRAAX
JRACX	0.98		0.98	0.98	0.99	0.99	0.61	0.84	0.84	0.83	JRACX
JRAIX	1.0	0.98		1.0	1.0	1.0	0.68	0.77	0.76	0.87	JRAIX
JRANX	1.0	0.98	1.0		1.0	1.0	0.69	0.76	0.75	0.88	JRANX
JRARX	1.0	0.99	1.0	1.0		1.0	0.66	0.8	0.79	0.86	JRARX
JRASX	1.0	0.99	1.0	1.0	1.0		0.66	0.8	0.79	0.86	JRASX
JAAGX	0.68	0.61	0.68	0.69	0.66	0.66		0.52	0.5	0.87	JAAGX
JABAX	0.78	0.84	0.77	0.76	0.8	0.8	0.52		1.0	0.75	JABAX
JABCX	0.77	0.84	0.76	0.75	0.79	0.79	0.5	1.0		0.73	JABCX
JRSAX	0.87	0.83	0.87	0.88	0.86	0.86	0.87	0.75	0.73		JRSAX
	JRAAX	JRACX	JRAIX	JRANX	JRARX	JRASX	JAAGX	JABAX	JABCX	JRSAX

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Risk-Adjusted Indicators

There is a big difference between JANUS Mutual Fund performing well and Janus Short-term 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 Short-term'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
JRAAX	0.96	(0.02)	(0.05)	0.04	1.50	(0.93)	1.75	(2.66)	6.81
JRACX	0.98	(0.04)	(0.05)	0.01	1.64	(0.91)	1.76	(2.67)	7.53
JRAIX	0.97	(0.02)	(0.04)	0.04	1.52	(0.92)	1.75	(2.66)	6.74
JRANX	0.96	(0.02)	(0.04)	0.04	1.49	(0.93)	1.76	(2.65)	6.75
JRARX	0.97	(0.03)	(0.05)	0.03	1.55	(0.92)	1.76	(2.67)	6.93
JRASX	0.97	(0.03)	(0.05)	0.03	1.55	(0.92)	1.75	(2.67)	6.98
JAAGX	0.60	0.05	(0.04)	0.47	0.85	(0.58)	1.17	(1.25)	5.48
JABAX	0.50	(0.06)	0.00	(0.12)	0.00	0.00	0.82	(1.29)	6.03
JABCX	0.51	(0.06)	0.00	(0.13)	0.00	0.00	0.81	(1.30)	6.03
JRSAX	0.63	(0.01)	(0.06)	0.07	1.00	(0.60)	1.10	(1.68)	5.06

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