Janus Global Correlations

JUCDX Fund

USD 8.97 0.01 0.11%

The current 90-days correlation between Janus Global Unconst and Blackrock Government Bond is 0.36 (i.e., Weak diversification). 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

Significant diversification

The correlation between Janus Global Unconstrained and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Unconstrained 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 Unconstrained. 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 unemployment.

Moving together with Janus Mutual Fund

0.77	JAHYX	Janus High Yield	Pair Corr
0.75	JAIGX	Overseas Portfolio	Pair Corr
0.77	JAOSX	Janus Overseas	Pair Corr

Moving against Janus Mutual Fund

0.35	JRACX	Janus Research	Pair Corr
0.35	JAGTX	Janus Global Technology	Pair Corr
0.34	JRARX	Janus Henderson Research	Pair Corr
0.33	JRAAX	Janus Research	Pair Corr
0.33	JRASX	Janus Research	Pair Corr
0.33	JACCX	Janus Forty Fund	Pair Corr
0.32	JRAIX	Janus Research	Pair Corr
0.32	JRANX	Janus Research	Pair Corr
0.32	JACTX	Janus Forty Fund	Pair Corr
0.39	JSCOX	Perkins Small Cap	Pair Corr
0.38	JSCVX	Perkins Small Cap	Pair Corr
0.36	JAGCX	Janus Global Technology	Pair Corr
0.36	JATSX	Janus Global Technology	Pair Corr
0.35	JATAX	Janus Global Technology	Pair Corr
0.35	JATIX	Janus Global Technology	Pair Corr
0.33	JARTX	Janus Forty Fund	Pair Corr
0.31	JAMRX	Janus Research	Pair Corr

Related Correlations Analysis

	BIGLX	ASGHX	RGVAX	SWGXX	RFBAX	SNGYX	SIGVX	FCSCX
BIGLX		0.63	0.99	-0.03	0.58	0.94	0.41	0.51	BIGLX
ASGHX	0.63		0.66	0.67	0.97	0.78	0.94	0.97	ASGHX
RGVAX	0.99	0.66		0.03	0.62	0.94	0.46	0.55	RGVAX
SWGXX	-0.03	0.67	0.03		0.7	0.13	0.81	0.75	SWGXX
RFBAX	0.58	0.97	0.62	0.7		0.73	0.95	0.96	RFBAX
SNGYX	0.94	0.78	0.94	0.13	0.73		0.58	0.67	SNGYX
SIGVX	0.41	0.94	0.46	0.81	0.95	0.58		0.99	SIGVX
FCSCX	0.51	0.97	0.55	0.75	0.96	0.67	0.99		FCSCX
	BIGLX	ASGHX	RGVAX	SWGXX	RFBAX	SNGYX	SIGVX	FCSCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

RGVAX	+ 0.99	BIGLX
FCSCX	+ 0.99	SIGVX
RFBAX	+ 0.97	ASGHX
FCSCX	+ 0.97	ASGHX
FCSCX	+ 0.96	RFBAX
SIGVX	+ 0.95	RFBAX

High negative correlations

SWGXX

- 0.03

BIGLX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BIGLX	0.26	0.01	0.19	0.01	0.30	(0.33)	0.56	(0.55)	1.58
ASGHX	0.08	0.01	0.62	(0.27)	0.00	(0.16)	0.22	(0.11)	0.67
RGVAX	0.24	0.01	0.23	0.01	0.27	(0.30)	0.51	(0.43)	1.55
SWGXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
RFBAX	0.10	0.01	0.42	(0.95)	0.00	(0.24)	0.20	(0.20)	0.59
SNGYX	0.18	0.01	0.41	(0.22)	0.11	(0.24)	0.40	(0.30)	1.09
SIGVX	0.06	0.01	0.82	(2.10)	0.00	(0.18)	0.10	(0.10)	0.72
FCSCX	0.06	0.01	0.61	(0.97)	0.00	(0.20)	0.13	(0.13)	0.67

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC