Global Technology Portfolio Fund Volatility
| JGLTX Fund | USD 26.78 -0.58 -2.12% |
Sharpe Ratio = 0.0958
| Leading Returns | Top Quartile | |||
| Strong | ||||
| Moderate | ||||
| Modest | JGLTX | |||
| Cash | Low | Moderate | Elevated | High |
| Below Benchmark |
Global Technology Portfolio (JGLTX) recorded a Market Risk Adjusted Performance of -1.4%, a Risk of 1.66, and a Risk Adjusted Performance of 0.1%. Based on monthly moving averages, the fund is operating near 7% of its historical performance range.
Key indicators related to GLOBAL TECHNOLOGY's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Key risk metrics for GLOBAL TECHNOLOGY (3 Months):
Beta -0.09 | Alpha 0.13 | Risk 1.66 | Sharpe Ratio 0.0958 | Expected Return 0.16 |
Moving together with GLOBAL Mutual Fund
| 0.93 | JRAAX | Janus Research | PairCorr |
| 0.93 | JRACX | Janus Research | PairCorr |
| 0.9 | JRAIX | Janus Research | PairCorr |
| 0.9 | JRANX | Janus Research | PairCorr |
| 0.9 | JRARX | Janus Henderson Research | PairCorr |
| 0.9 | JRASX | Janus Research | PairCorr |
| 0.78 | JAAGX | Enterprise Portfolio | PairCorr |
| 0.8 | JABAX | Janus Balanced | PairCorr |
| 0.79 | JABCX | Janus Balanced | PairCorr |
| 0.94 | JRSAX | Intech Managed Volatility | PairCorr |
| 0.89 | JRSCX | Intech Managed Volatility | PairCorr |
| 0.89 | JRSIX | Intech Managed Volatility | PairCorr |
| 0.89 | JRSNX | Intech Managed Volatility | PairCorr |
| 0.89 | JRSSX | Intech Managed Volatility | PairCorr |
| 0.89 | JRSTX | Intech Managed Volatility | PairCorr |
| 0.9 | JACTX | Janus Forty Fund | PairCorr |
| 0.84 | JADGX | Janus Growth And | PairCorr |
| 0.81 | JABLX | Balanced Portfolio | PairCorr |
| 0.81 | JABNX | Janus Balanced | PairCorr |
| 0.8 | JABRX | Janus Balanced | PairCorr |
| 0.9 | JACAX | Forty Portfolio | PairCorr |
| 0.9 | JACCX | Janus Forty Fund | PairCorr |
| 0.78 | JAENX | Janus Enterprise | PairCorr |
| 0.9 | JAGRX | Research Portfolio | PairCorr |
| 0.95 | JAGTX | Janus Global Technology | PairCorr |
| 1.0 | JAGCX | Janus Global Technology | PairCorr |
| 0.8 | JAGIX | Janus Growth And | PairCorr |
Sensitivity To Market
Beta analysis for Global Technology Portfolio evaluates how its price movements correlate with the broader market. With a beta of -0.0913, GLOBAL TECHNOLOGY reflects measurable exposure to systematic risk. Observed total volatility stands near 1.66%. Asymmetric risk in Global Technology Portfolio is visible through downside-focused metrics. Downside deviation reads 1.74% and semi-deviation reads 1.54%, isolating the loss-side component of total return variability. Fund volatility is generally driven by asset allocation rather than individual headline events. Portfolio turnover and allocation changes alter measured dispersion over time.
3 Months Beta |Global Technology Demand TrendCurrent 90-day GLOBAL TECHNOLOGY correlation with market (Dow Jones Industrial)Downside Risk
The standard deviation reading for GLOBAL summarizes how concentrated or dispersed daily returns have been around their mean. Volatile instruments have higher standard deviations; stable ones have lower. Comparing GLOBAL standard deviation against sector peers reveals whether its volatility is typical or an outlier.
Standard Deviation | 1.66 |
Total price dispersion in GLOBAL TECHNOLOGY captures both upside and downside movement. While standard deviation captures total volatility, downside deviation focuses exclusively on the loss side of GLOBAL TECHNOLOGY's returns. A complete risk picture of GLOBAL TECHNOLOGY emerges when standard deviation and downside deviation are examined together. Global Technology Portfolio (JGLTX) recorded a Downside Deviation of 1.74, a Downside Variance of 3.01, and a Maximum Drawdown of 7.20.
Mutual Fund Volatility Analysis
GLOBAL TECHNOLOGY fund volatility is a measure of the speed and extent of GLOBAL TECHNOLOGY's price movements. A higher-volatility mutual fund like GLOBAL TECHNOLOGY may generate large gains or losses in a short timeframe. In most cases, the higher the volatility, the riskier the mutual fund.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Median Price transformation calculates the midpoint between Global Technology's high and low for each trading period. This provides a simple measure of the period's central tendency based on range extremes, ignoring the opening and closing levels. Compared to the typical or weighted close price, the median price gives equal weight to buyers and sellers at the extremes and is often used as a smoothed input for trend and momentum indicators.
Projected Return Density Against Market
Based on a 90-day horizon, Global Technology Portfolio has a beta of -0.0913. This indicates that as returns on the benchmark increase, returns on GLOBAL TECHNOLOGY tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, Global Technology Portfolio tends to outperform the market.Systematic exposure aligns GLOBAL TECHNOLOGY with broad mutual fund market volatility, while unsystematic drivers reflect company or sector-specific developments. Global Technology Portfolio (JGLTX) recorded a Downside Deviation of 1.74, a Mean Deviation of 1.32, and a Semi Deviation of 1.54.
Predicted Return Distribution |
| Density |
What Drives GLOBAL TECHNOLOGY's Price Volatility?
Industry Dynamics
Peer results and sector re-ratings in the Janus Henderson sector often influence how investors price GLOBAL TECHNOLOGY's risk.Political and Economic Environment
Macro data and central-bank signals can change valuation assumptions and short-term positioning around GLOBAL TECHNOLOGY.GLOBAL TECHNOLOGY's Company-Specific Factors
Company-specific events such as product updates, strategic actions, or execution issues can trigger volatility clusters.Mutual Fund Risk Measures
Based on a 90-day horizon, the coefficient of variation of GLOBAL TECHNOLOGY is 1043.36. The daily returns are distributed with a variance of 2.76 and standard deviation of 1.66. The mean deviation of Global Technology Portfolio is currently at 1.3. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.93
α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | -0.0913 | |
σ | Overall volatility | 1.66 | |
Ir | Information ratio | 0.09 |
Mutual Fund Return Volatility
Daily return volatility for GLOBAL TECHNOLOGY measures how far fund returns deviate from their average on a day-to-day basis. The fund shows 1.6603% volatility of returns over 90 trading days. For comparison, Dow Jones Industrial reported 0.9461% volatility on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
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Risk-Adjusted Indicators
Evaluating GLOBAL Mutual Fund requires separating price momentum from underlying operating strength versus competitors. Risk-adjusted metrics help compare GLOBAL TECHNOLOGY's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JRAAX | 1.02 | 0.03 | 0.04 | -0.36 | 1.19 | 2.00 | 5.27 | |||
| JRACX | 1.02 | 0.03 | 0.04 | -0.34 | 1.19 | 1.98 | 5.25 | |||
| JRAIX | 1.01 | 0.04 | 0.03 | 0.02 | 1.17 | 1.99 | 5.27 | |||
| JRANX | 1.01 | 0.04 | 0.03 | 0.02 | 1.19 | 2.00 | 5.27 | |||
| JRARX | 1.01 | 0.04 | 0.03 | 0.01 | 1.20 | 2.00 | 5.27 | |||
| JRASX | 1.01 | 0.04 | 0.03 | 0.01 | 1.19 | 2.00 | 5.26 | |||
| JAAGX | 0.79 | -0.01 | 0.00 | -0.03 | 0.00 | 1.80 | 4.45 | |||
| JABAX | 0.55 | 0.00 | 0.00 | -0.02 | 0.00 | 0.99 | 2.79 | |||
| JABCX | 0.55 | 0.00 | 0.00 | -0.02 | 0.00 | 0.98 | 2.82 | |||
| JACTX | 1.12 | 0.03 | 0.02 | 0.00 | 1.35 | 2.02 | 5.78 |
Risk Metrics, Assumptions & Methodology
Volatility regime for GLOBAL TECHNOLOGY evaluates whether NAV variability is in a calm, stressed, or transitional phase. Identifying the current regime helps calibrate whether historical risk metrics are still representative.
Global Technology Portfolio values are built from fund disclosures and market reference feeds, with reporting definitions aligned before display. Volatility and downside metrics are estimated from historical return dispersion.
Editorial review and methodology oversight provided by: Raphi Shpitalnik, Junior Member of Macroaxis Editorial Board
GLOBAL TECHNOLOGY Volatility Profile Summary
Recent data suggests that Global Technology Portfolio is more volatile than Dow Jones Industrial by approximately 1.75x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 14% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.Global Technology Portfolio exhibits characteristics that tend to dampen sensitivity to smaller market fluctuations within the current volatility regime. This move summary looks at how the current session may translate into a basic near-term setup. It is intended to separate routine noise from more speculative bursts in price action. an unexpected downward movement. The market is reacting to new fundamentals. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View GLOBAL TECHNOLOGY probability analysis.
Weak diversification
The correlation between GLOBAL TECHNOLOGY and Dow Jones is 0.59, which Macroaxis classifies as Weak diversification for the selected horizon. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.
GLOBAL TECHNOLOGY Additional Risk Indicators
Secondary risk indicators for Global Technology Portfolio evaluate exposure beyond standard deviation, beta, or one headline volatility measure. This is most informative when assessing whether the current opportunity is being compensated with reasonable risk.
| Risk Adjusted Performance | 0.0826 | |||
| Market Risk Adjusted Performance | -1.41 | |||
| Mean Deviation | 1.32 | |||
| Semi Deviation | 1.54 | |||
| Downside Deviation | 1.74 | |||
| Coefficient Of Variation | 1190.19 | |||
| Standard Deviation | 1.66 |
GLOBAL TECHNOLOGY Suggested Diversification Pairs
A pair-trading setup around GLOBAL TECHNOLOGY shifts the return benchmark from the broad market to a second position, altering the risk profile. The advantage is that adverse movement in one leg may be partly offset by the other when correlation and thesis alignment hold.
Pair diversification lowers aggregate risk, though certain risk categories remain unaffected regardless of how positions are paired. Systematic risk - the risk tied to the broad market - cannot be eliminated by pairing GLOBAL TECHNOLOGY with another position. However, GLOBAL TECHNOLOGY's company-specific risk can be partially offset by selecting a pair that does not move in lockstep with Global Technology Portfolio.