Janus Contrarian Correlations

Mutual Funds . USA . 
Fund . Janus Trarian Fund
JCNRX Fund  USD 26.66  0.47  1.79%   
The current 90-days correlation between Janus Contrarian and Janus Trarian Fund is 0.16 (i.e., Average diversification). The correlation of Janus Contrarian 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 Contrarian Correlation With Market

Good diversification

The correlation between Janus Trarian Fund and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Trarian Fund 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 Trarian Fund. 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 metropolitan statistical area.

Moving together with Janus Mutual Fund

  0.72JRAAX Janus ResearchPairCorr
  0.72JRAIX Janus ResearchPairCorr
  0.85JRANX Janus ResearchPairCorr
  0.86JRARX Janus Henderson ResearchPairCorr
  0.73JRASX Janus ResearchPairCorr
  0.76JAAGX Enterprise PortfolioPairCorr
  0.88JABAX Janus BalancedPairCorr
  0.84JABCX Janus BalancedPairCorr
  0.76JRSAX Intech Managed VolatilityPairCorr
  0.77JRSCX Intech Managed VolatilityPairCorr
  0.76JRSIX Intech Managed VolatilityPairCorr
  0.76JRSNX Intech Managed VolatilityPairCorr
  0.76JRSSX Intech Managed VolatilityPairCorr
  0.79JRSTX Intech Managed VolatilityPairCorr
  0.8JACNX Janus ContrarianPairCorr
  0.96JACTX Janus Forty FundPairCorr
  0.62JADFX Janus Flexible BondPairCorr
  0.88JADGX Janus Growth AndPairCorr
  0.88JABNX Janus BalancedPairCorr
  0.88JABRX Janus BalancedPairCorr
  0.76JACCX Janus Forty FundPairCorr
  0.97JAENX Janus EnterprisePairCorr
  0.61JAFIX Janus Flexible BondPairCorr
  0.95JAGTX Janus Global TechnologyPairCorr
  0.88JAGIX Janus Growth AndPairCorr
  0.9JAGLX Janus Global LifePairCorr
  0.88JANBX Janus BalancedPairCorr
  0.97JANEX Janus EnterprisePairCorr
  0.78JANIX Janus TritonPairCorr
  0.98JANRX Janus Global SelectPairCorr
  0.85JAMRX Janus ResearchPairCorr
  0.82JAMVX Janus Aspen PerkinsPairCorr
  0.7JSCVX Perkins Small CapPairCorr
  0.96JARTX Janus Forty FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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