Janus Henderson Correlations

JATNX Fund

USD 59.91 1.18 2.01%

The current 90-days correlation between Janus Henderson Global and Jpmorgan Small Cap is 0.85 (i.e., Very poor diversification). The correlation of Janus Henderson 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 Henderson Correlation With Market

Poor diversification

The correlation between Janus Henderson Global and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Henderson Global 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 Henderson Global. 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 board of governors.

Moving together with Janus Mutual Fund

0.73	VEEA	Veea Inc Symbol Change	Pair Corr
0.78	VISL	Vislink Technologies Earnings Call This Week	Pair Corr
0.65	YAAS	Youxin Technology	Pair Corr
0.63	ZENA	ZenaTech	Pair Corr
0.68	INGM	Ingram Micro Holding	Pair Corr
0.9	HPE-PC	Hewlett Packard Ente	Pair Corr
0.71	VEEAW	Veea Inc Symbol Change	Pair Corr
0.74	NOVA	Sunnova Energy Inter	Pair Corr
0.69	NXXT	NextNRG Symbol Change	Pair Corr
0.79	CORZZ	Core Scientific, Tranche	Pair Corr
0.77	SLNHP	Soluna Holdings Preferred	Pair Corr
0.76	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.64	RZLVW	Rezolve AI Limited	Pair Corr

Moving against Janus Mutual Fund

0.58	EMKR	EMCORE	Pair Corr
0.36	HCP	Hashicorp	Pair Corr
0.69	MTTR	Matterport	Pair Corr
0.65	INFN	Infinera	Pair Corr
0.59	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.47	HPAIW	Helport AI Limited	Pair Corr
0.39	LGTY	Logility Supply Chain Symbol Change	Pair Corr

Related Correlations Analysis

	JGSMX	RIFYX	SHSKX	DVFYX	HDGVX
JGSMX		0.97	0.11	0.41	0.62	JGSMX
RIFYX	0.97		0.05	0.37	0.57	RIFYX
SHSKX	0.11	0.05		0.88	0.8	SHSKX
DVFYX	0.41	0.37	0.88		0.94	DVFYX
HDGVX	0.62	0.57	0.8	0.94		HDGVX
	JGSMX	RIFYX	SHSKX	DVFYX	HDGVX

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Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Henderson 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 Henderson'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
JGSMX	1.15	(0.13)	0.00	(0.15)	0.00	0.00	1.97	(3.33)	5.79
RIFYX	1.50	(0.13)	0.00	(0.14)	0.00	0.00	2.83	(4.09)	8.23
SHSKX	0.64	0.06	0.11	0.08	0.70	(0.71)	1.32	(0.95)	3.73
DVFYX	0.85	0.07	0.05	0.03	1.27	(0.82)	1.65	(2.39)	6.47
HDGVX	0.58	0.01	0.00	(0.02)	0.00	0.00	1.11	(1.22)	3.00

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