Janus Multi Sector Income Fund Market Value
| JMTNX Fund | USD 8.57 0.02 0.23% |
| Symbol | Janus |
Janus Multi-sector '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 Multi-sector'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 Multi-sector.
| 10/22/2024 |
| 01/20/2025 |
If you would invest 0.00 in Janus Multi-sector on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Janus Multi Sector Income or generate 0.0% return on investment in Janus Multi-sector over 90 days. Janus Multi-sector is related to or competes with Jhancock Real, Short Real, and Simt Real. The investment seeks high current income with a secondary focus on capital appreciation More
Janus Multi-sector 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 Multi-sector'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 Multi Sector Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2259 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.24) | |||
| Potential Upside | 0.4711 |
Janus Multi-sector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Multi-sector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Multi-sector's standard deviation. In reality, there are many statistical measures that can use Janus Multi-sector historical prices to predict the future Janus Multi-sector's volatility.| Risk Adjusted Performance | 0.0233 | |||
| Jensen Alpha | 0.0029 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0902 |
Janus Multi Sector Backtested Returns
At this stage we consider Janus Mutual Fund to be very steady. Janus Multi Sector holds Efficiency (Sharpe) Ratio of 0.0589, which attests that the entity had a 0.0589 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Janus Multi Sector, which you can use to evaluate the volatility of the entity. Please check out Janus Multi-sector's Downside Deviation of 0.2259, risk adjusted performance of 0.0233, and Market Risk Adjusted Performance of 0.1002 to validate if the risk estimate we provide is consistent with the expected return of 0.0137%. The fund retains a Market Volatility (i.e., Beta) of 0.0412, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Janus Multi-sector's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Multi-sector is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Janus Multi Sector Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between Janus Multi-sector time series from 22nd of October 2024 to 6th of December 2024 and 6th of December 2024 to 20th of January 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 Multi Sector price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Janus Multi-sector price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Janus Multi Sector lagged returns against current returns
Autocorrelation, which is Janus Multi-sector 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 Multi-sector's mutual fund expected returns. We can calculate the autocorrelation of Janus Multi-sector returns to help us make a trade decision. For example, suppose you find that Janus Multi-sector 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 Multi-sector 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 Multi-sector mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Multi-sector 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 Multi-sector mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Multi-sector Lagged Returns
When evaluating Janus Multi-sector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Multi-sector mutual fund have on its future price. Janus Multi-sector 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 Multi-sector autocorrelation shows the relationship between Janus Multi-sector mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Multi Sector Income.
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 Multi-sector 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 Multi-sector security.
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