Janus Flexible Correlations

Mutual Funds . USA . 
Fund . Janus Flexible Bond
JANFX Fund  USD 9.34  0.03  0.32%   
The current 90-days correlation between Janus Flexible Bond and Touchstone Large Cap is -0.07 (i.e., Good 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

Good diversification

The correlation between Janus Flexible Bond and DJI is -0.18 (i.e., Good 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

  1.0JADFX Janus Flexible BondPairCorr
  1.0JAFIX Janus Flexible BondPairCorr
  1.0JAFLX Flexible Bond PortfolioPairCorr
  0.73JAGLX Janus Global LifePairCorr
  0.65JSHIX Janus Short TermPairCorr

Moving against Janus Mutual Fund

  0.78JRAAX Janus ResearchPairCorr
  0.78JRAIX Janus ResearchPairCorr
  0.78JRANX Janus ResearchPairCorr
  0.78JRASX Janus ResearchPairCorr
  0.74JACTX Janus Forty FundPairCorr
  0.74JACCX Janus Forty FundPairCorr
  0.73JRSAX Intech Managed VolatilityPairCorr
  0.73JRSDX Intech Managed VolatilityPairCorr
  0.73JRSIX Intech Managed VolatilityPairCorr
  0.73JRSNX Intech Managed VolatilityPairCorr
  0.73JRSSX Intech Managed VolatilityPairCorr
  0.73JRSTX Intech Managed VolatilityPairCorr
  0.72JRSCX Intech Managed VolatilityPairCorr
  0.64JAENX Janus EnterprisePairCorr
  0.61JADGX Janus Growth AndPairCorr
  0.55JABAX Janus BalancedPairCorr
  0.55JABLX Balanced PortfolioPairCorr
  0.54JABRX Janus BalancedPairCorr
  0.53JABCX Janus BalancedPairCorr
  0.78JAMRX Janus ResearchPairCorr
  0.77JAGTX Janus Global TechnologyPairCorr
  0.77JATAX Janus Global TechnologyPairCorr
  0.77JATIX Janus Global TechnologyPairCorr
  0.74JARTX Janus Forty FundPairCorr
  0.73JAWWX Janus Global ResearchPairCorr
  0.72JSVAX Janus TrarianPairCorr
  0.72JCNAX Janus ContrarianPairCorr
  0.7JANIX Janus TritonPairCorr
  0.64JANEX Janus EnterprisePairCorr
  0.64JAVTX Janus VenturePairCorr
  0.62JAGIX Janus Growth AndPairCorr
  0.58JBALX Janus BalancedPairCorr
  0.58JSVDX Perkins Select ValuePairCorr
  0.58JSVTX Perkins Select ValuePairCorr
  0.47JANRX Janus Global SelectPairCorr

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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