Janus Detroit Street Etf Performance
| JBBB Etf | USD 49.42 0.02 0.04% |
The etf retains a Market Volatility (i.e., Beta) of 0.0348, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Janus Detroit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Detroit is expected to be smaller as well.
Risk-Adjusted Performance
31 of 100
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Very Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Janus Detroit Street are ranked lower than 31 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong fundamental drivers, Janus Detroit is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | Objective longshort Report - Stock Traders Daily | 09/12/2024 |
Janus |
Janus Detroit Relative Risk vs. Return Landscape
If you would invest 4,794 in Janus Detroit Street on August 29, 2024 and sell it today you would earn a total of 148.00 from holding Janus Detroit Street or generate 3.09% return on investment over 90 days. Janus Detroit Street is currently generating 0.0483% in daily expected returns and assumes 0.1213% risk (volatility on return distribution) over the 90 days horizon. In different words, 1% of etfs are less volatile than Janus, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Janus Detroit Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Detroit's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Janus Detroit Street, and traders can use it to determine the average amount a Janus Detroit's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.3986
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| Negative Returns | JBBB |
Estimated Market Risk
| 0.12 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.4 actual daily | 31 69% of assets perform better |
Based on monthly moving average Janus Detroit is performing at about 31% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Janus Detroit by adding it to a well-diversified portfolio.
Janus Detroit Fundamentals Growth
Janus Etf prices reflect investors' perceptions of the future prospects and financial health of Janus Detroit, and Janus Detroit fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Janus Etf performance.
| Total Asset | 77.78 M | |||
About Janus Detroit Performance
By analyzing Janus Detroit's fundamental ratios, stakeholders can gain valuable insights into Janus Detroit's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Janus Detroit has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Janus Detroit has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The fund will not invest more than 15 percent of its net assets in CLOs rated below investment grade at the time of purchase by the fund, or if unrated, determined to be of comparable credit quality by the Adviser. Janus Henderson is traded on BATS Exchange in the United States.| Janus is showing solid risk-adjusted performance over 90 days | |
| The fund retains about 65.52% of its assets under management (AUM) in fixed income securities |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Janus Detroit Street. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of Janus Detroit Street is measured differently than its book value, which is the value of Janus that is recorded on the company's balance sheet. Investors also form their own opinion of Janus Detroit's value that differs from its market value or its book value, called intrinsic value, which is Janus Detroit's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Janus Detroit's market value can be influenced by many factors that don't directly affect Janus Detroit's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Janus Detroit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus Detroit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus Detroit's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.