Janus Flexible Bond Fund Market Value
| JFICX Fund | USD 9.25 0.02 0.22% |
| Symbol | Janus |
Janus Flexible '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 Flexible'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 Flexible.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Janus Flexible on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Janus Flexible Bond or generate 0.0% return on investment in Janus Flexible over 330 days. Janus Flexible is related to or competes with Janus Balanced, Janus Triton, Ivy High, Janus Forty, and Janus Overseas. The fund normally invests at least 80 percent of its net assets in bonds More
Janus Flexible 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 Flexible'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 Flexible Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.4219 |
Janus Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Flexible's standard deviation. In reality, there are many statistical measures that can use Janus Flexible historical prices to predict the future Janus Flexible's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.94) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Flexible'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 Flexible Bond Backtested Returns
Janus Flexible Bond holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Janus Flexible Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Janus Flexible's Market Risk Adjusted Performance of (0.93), risk adjusted performance of (0.11), and Standard Deviation of 0.2937 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.048, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Janus Flexible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Flexible is expected to be smaller as well.
Auto-correlation | -0.49 |
Modest reverse predictability
Janus Flexible Bond has modest reverse predictability. Overlapping area represents the amount of predictability between Janus Flexible 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 Flexible Bond price movement. The serial correlation of -0.49 indicates that about 49.0% of current Janus Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Janus Flexible Bond lagged returns against current returns
Autocorrelation, which is Janus Flexible 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 Flexible's mutual fund expected returns. We can calculate the autocorrelation of Janus Flexible returns to help us make a trade decision. For example, suppose you find that Janus Flexible 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 Flexible 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 Flexible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Flexible 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 Flexible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Flexible Lagged Returns
When evaluating Janus Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Flexible mutual fund have on its future price. Janus Flexible 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 Flexible autocorrelation shows the relationship between Janus Flexible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Flexible Bond.
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 Flexible 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 Flexible security.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |