Janus Flexible Correlations

Mutual Funds . USA . 
Fund . Janus Flexible Bond
JADFX Fund  USD 9.34  0.01  0.11%   
The current 90-days correlation between Janus Flexible Bond and Janus Balanced Fund is 0.3 (i.e., Weak diversification). The correlation of Janus Flexible is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Janus Flexible Correlation With Market

Average diversification

The correlation between Janus Flexible Bond and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Flexible Bond and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Janus Flexible Bond. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Janus Mutual Fund

  1.0JAFIX Janus Flexible BondPairCorr
  1.0JAFLX Flexible Bond PortfolioPairCorr
  0.7JAHYX Janus High YieldPairCorr
  0.87JAIGX Overseas PortfolioPairCorr
  1.0JANFX Janus Flexible BondPairCorr

Moving against Janus Mutual Fund

  0.64JRACX Janus ResearchPairCorr
  0.64JRARX Janus Henderson ResearchPairCorr
  0.63JRAAX Janus ResearchPairCorr
  0.63JRAIX Janus ResearchPairCorr
  0.63JRANX Janus ResearchPairCorr
  0.63JRASX Janus ResearchPairCorr
  0.45JRSCX Intech Managed VolatilityPairCorr
  0.44JRSAX Intech Managed VolatilityPairCorr
  0.43JRSDX Intech Managed VolatilityPairCorr
  0.43JRSIX Intech Managed VolatilityPairCorr
  0.43JRSNX Intech Managed VolatilityPairCorr
  0.43JRSSX Intech Managed VolatilityPairCorr
  0.43JRSTX Intech Managed VolatilityPairCorr
  0.43JACNX Janus ContrarianPairCorr
  0.37JAAGX Enterprise PortfolioPairCorr
  0.63JAGRX Research PortfolioPairCorr
  0.63JAGTX Janus Global TechnologyPairCorr
  0.63JAGCX Janus Global TechnologyPairCorr
  0.59JACTX Janus Forty FundPairCorr
  0.59JACAX Forty Portfolio InstPairCorr
  0.59JACCX Janus Forty FundPairCorr
  0.37JAENX Janus EnterprisePairCorr
  0.32JADGX Janus Growth AndPairCorr
  0.31JAGIX Janus Growth AndPairCorr
  0.63JAMRX Janus ResearchPairCorr
  0.63JATNX Janus Henderson GlobalPairCorr
  0.59JARTX Janus Forty FundPairCorr
  0.54JSCVX Perkins Small CapPairCorr
  0.54JSCOX Perkins Small CapPairCorr
  0.53JANVX Janus VenturePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Flexible Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Janus Flexible's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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