Janus Henderson European Fund Market Value
| HFEDX Fund | USD 48.57 0.14 0.29% |
| Symbol | Janus |
Janus Henderson 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Janus Henderson's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Janus Henderson.
| 03/07/2024 |
| 03/02/2025 |
If you would invest 0.00 in Janus Henderson on March 7, 2024 and sell it all today you would earn a total of 0.00 from holding Janus Henderson European or generate 0.0% return on investment in Janus Henderson over 360 days. Janus Henderson is related to or competes with Forum Funds, Putnam Convertible, Gabelli Convertible, Harbor Convertible, and Absolute Convertible. The fund invests at least 80 percent of its net assets in equity securities of European companies More
Janus Henderson Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Janus Henderson's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Janus Henderson European upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8142 | |||
| Information Ratio | 0.2018 | |||
| Maximum Drawdown | 3.65 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.22 |
Janus Henderson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Henderson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Henderson's standard deviation. In reality, there are many statistical measures that can use Janus Henderson historical prices to predict the future Janus Henderson's volatility.| Risk Adjusted Performance | 0.1365 | |||
| Jensen Alpha | 0.1409 | |||
| Total Risk Alpha | 0.1557 | |||
| Sortino Ratio | 0.19 | |||
| Treynor Ratio | 0.3293 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Henderson's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Janus Henderson European Backtested Returns
At this stage we consider Janus Mutual Fund to be very steady. Janus Henderson European holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Janus Henderson European, which you can use to evaluate the volatility of the entity. Please check out Janus Henderson's Risk Adjusted Performance of 0.1365, market risk adjusted performance of 0.3393, and Downside Deviation of 0.8142 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Janus Henderson's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Henderson is expected to be smaller as well.
Auto-correlation | -0.28 |
Weak reverse predictability
Janus Henderson European has weak reverse predictability. Overlapping area represents the amount of predictability between Janus Henderson time series from 7th of March 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Janus Henderson European price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Janus Henderson price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
Janus Henderson European lagged returns against current returns
Autocorrelation, which is Janus Henderson mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Janus Henderson's mutual fund expected returns. We can calculate the autocorrelation of Janus Henderson returns to help us make a trade decision. For example, suppose you find that Janus Henderson has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Janus Henderson regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Janus Henderson mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Henderson mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Janus Henderson mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Henderson Lagged Returns
When evaluating Janus Henderson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Henderson mutual fund have on its future price. Janus Henderson autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Janus Henderson autocorrelation shows the relationship between Janus Henderson mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Henderson European.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Janus Mutual Fund
Janus Henderson financial ratios help investors to determine whether Janus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Janus with respect to the benefits of owning Janus Henderson security.
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