Janus Global Correlations

JAGCX Fund

USD 48.54 0.66 1.38%

The current 90-days correlation between Janus Global Technology and Alternative Asset Allocation is 0.06 (i.e., Significant diversification). The correlation of Janus Global 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 Global Correlation With Market

Good diversification

The correlation between Janus Global Technology and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Technology 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 Global Technology. 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 main economic indicators.

Moving together with Janus Mutual Fund

0.7	JRAAX	Janus Research	Pair Corr
0.72	JRACX	Janus Research	Pair Corr
0.69	JRAIX	Janus Research	Pair Corr
0.86	JRANX	Janus Research	Pair Corr
0.88	JRARX	Janus Henderson Research	Pair Corr

Related Correlations Analysis

	JAAIX	DFELX	PBLIX	GMLVX	WMFFX	FMTIX	GABFX
JAAIX		0.71	0.67	0.73	0.5	0.79	0.14	JAAIX
DFELX	0.71		0.78	0.74	0.78	0.93	0.43	DFELX
PBLIX	0.67	0.78		0.79	0.87	0.89	0.66	PBLIX
GMLVX	0.73	0.74	0.79		0.64	0.83	0.49	GMLVX
WMFFX	0.5	0.78	0.87	0.64		0.85	0.75	WMFFX
FMTIX	0.79	0.93	0.89	0.83	0.85		0.62	FMTIX
GABFX	0.14	0.43	0.66	0.49	0.75	0.62		GABFX
	JAAIX	DFELX	PBLIX	GMLVX	WMFFX	FMTIX	GABFX

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Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Global 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 Global'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JAAIX	0.15	0.02	0.11	0.19	0.04	(0.21)	0.31	(0.25)	1.13
DFELX	0.59	0.01	0.01	0.00	0.86	(0.60)	1.12	(1.42)	3.77
PBLIX	0.50	0.01	0.02	(0.21)	0.73	(0.50)	0.92	(1.24)	3.22
GMLVX	0.53	0.04	0.06	0.15	0.68	(0.58)	1.05	(1.36)	3.14
WMFFX	0.60	(0.01)	0.00	(0.03)	0.00	0.00	1.10	(1.25)	5.83
FMTIX	0.37	0.02	0.04	0.05	0.54	(0.37)	0.70	(0.68)	2.55
GABFX	0.80	0.04	0.05	0.20	0.84	(0.96)	1.89	(1.36)	4.85

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Janus Global Correlations

Janus Global Correlation With Market

Good diversification

Moving together with Janus Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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