Janus Balanced Fund Market Value
| JDBRX Fund | USD 47.97 0.02 0.04% |
| Symbol | JANUS |
Janus Balanced '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 Balanced'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 Balanced.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Janus Balanced on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Janus Balanced Fund or generate 0.0% return on investment in Janus Balanced over 330 days. Janus Balanced is related to or competes with Janus Forty, First Eagle, Pimco Income, and Columbia Balanced. The fund pursues its investment objective by normally investing 35-70 percent of its assets in equity securities and the... More
Janus Balanced 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 Balanced'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 Balanced Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5331 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.33 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.8202 |
Janus Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Balanced's standard deviation. In reality, there are many statistical measures that can use Janus Balanced historical prices to predict the future Janus Balanced's volatility.| Risk Adjusted Performance | 0.0673 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.0741 |
Janus Balanced Backtested Returns
At this stage we consider JANUS Mutual Fund to be very steady. Janus Balanced holds Efficiency (Sharpe) Ratio of 0.0817, which attests that the entity had a 0.0817% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Janus Balanced, which you can use to evaluate the volatility of the entity. Please check out Janus Balanced's Risk Adjusted Performance of 0.0673, downside deviation of 0.5331, and Market Risk Adjusted Performance of 0.0841 to validate if the risk estimate we provide is consistent with the expected return of 0.0405%. The fund retains a Market Volatility (i.e., Beta) of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Janus Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Balanced is expected to be smaller as well.
Auto-correlation | 0.49 |
Average predictability
Janus Balanced Fund has average predictability. Overlapping area represents the amount of predictability between Janus Balanced time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd of November 2024. 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 Balanced price movement. The serial correlation of 0.49 indicates that about 49.0% of current Janus Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Janus Balanced lagged returns against current returns
Autocorrelation, which is Janus Balanced 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 Balanced's mutual fund expected returns. We can calculate the autocorrelation of Janus Balanced returns to help us make a trade decision. For example, suppose you find that Janus Balanced 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 Balanced 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 Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Balanced 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 Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Balanced Lagged Returns
When evaluating Janus Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Balanced mutual fund have on its future price. Janus Balanced 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 Balanced autocorrelation shows the relationship between Janus Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Balanced Fund.
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 Balanced 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 Balanced security.
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