Janus High Yield Fund Market Value
| JDHYX Fund | USD 7.39 0.01 0.14% |
| Symbol | Janus |
Janus High-yield '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 High-yield'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 High-yield.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Janus High-yield on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Janus High Yield Fund or generate 0.0% return on investment in Janus High-yield over 30 days. Janus High-yield is related to or competes with Vanguard High-yield, Vanguard High, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. The fund normally invests at least 80 percent of its net assets in high-yieldhigh-risk securities rated below investment... More
Janus High-yield 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 High-yield'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 High Yield Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2469 | |||
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.1 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.2729 |
Janus High-yield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus High-yield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus High-yield's standard deviation. In reality, there are many statistical measures that can use Janus High-yield historical prices to predict the future Janus High-yield's volatility.| Risk Adjusted Performance | 0.0603 | |||
| Jensen Alpha | 5.0E-4 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.44) | |||
| Treynor Ratio | 0.1253 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus High-yield'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 High Yield Backtested Returns
At this stage we consider Janus Mutual Fund to be very steady. Janus High Yield holds Efficiency (Sharpe) Ratio of 0.0727, which attests that the entity had a 0.0727% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Janus High Yield, which you can use to evaluate the volatility of the entity. Please check out Janus High-yield's Market Risk Adjusted Performance of 0.1353, risk adjusted performance of 0.0603, and Downside Deviation of 0.2469 to validate if the risk estimate we provide is consistent with the expected return of 0.0131%. The fund retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Janus High-yield's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus High-yield is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
Janus High Yield Fund has good predictability. Overlapping area represents the amount of predictability between Janus High-yield time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 High Yield price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Janus High-yield price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Janus High Yield lagged returns against current returns
Autocorrelation, which is Janus High-yield 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 High-yield's mutual fund expected returns. We can calculate the autocorrelation of Janus High-yield returns to help us make a trade decision. For example, suppose you find that Janus High-yield 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 High-yield 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 High-yield mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus High-yield 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 High-yield mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus High-yield Lagged Returns
When evaluating Janus High-yield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus High-yield mutual fund have on its future price. Janus High-yield 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 High-yield autocorrelation shows the relationship between Janus High-yield mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus High Yield 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 High-yield 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 High-yield security.
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