Janus Global Correlations

Mutual Funds . USA . 
Fund . Janus Global Real
JERIX Fund  USD 12.42  0.11  0.89%   
The current 90-days correlation between Janus Global Real and Vanguard Global Ex Us is 0.7 (i.e., Poor 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

Modest diversification

The correlation between Janus Global Real and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Real 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 Real. 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 gross domestic product.

Moving together with Janus Mutual Fund

  0.87JADFX Janus Flexible BondPairCorr
  0.86JAFIX Janus Flexible BondPairCorr
  0.88JAFLX Flexible Bond PortfolioPairCorr
  0.71JAGLX Janus Global LifePairCorr
  0.86JANFX Janus Flexible BondPairCorr

Moving against Janus Mutual Fund

  0.5JRAAX Janus ResearchPairCorr
  0.5JRAIX Janus ResearchPairCorr
  0.5JRANX Janus ResearchPairCorr
  0.5JRASX Janus ResearchPairCorr
  0.49JRACX Janus ResearchPairCorr
  0.49JAGTX Janus Global TechnologyPairCorr
  0.49JAGCX Janus Global TechnologyPairCorr
  0.46JRSAX Intech Managed VolatilityPairCorr
  0.46JRSDX Intech Managed VolatilityPairCorr
  0.46JRSIX Intech Managed VolatilityPairCorr
  0.46JRSNX Intech Managed VolatilityPairCorr
  0.46JRSSX Intech Managed VolatilityPairCorr
  0.46JRSTX Intech Managed VolatilityPairCorr
  0.46JACTX Janus Forty FundPairCorr
  0.46JACAX Forty Portfolio InstPairCorr
  0.45JRSCX Intech Managed VolatilityPairCorr
  0.45JACNX Janus ContrarianPairCorr
  0.45JACCX Janus Forty FundPairCorr
  0.43JAENX Janus EnterprisePairCorr
  0.42JAAGX Enterprise PortfolioPairCorr
  0.5JANIX Janus TritonPairCorr
  0.5JANVX Janus VenturePairCorr
  0.5JAMRX Janus ResearchPairCorr
  0.5JATTX Janus TritonPairCorr
  0.5JATIX Janus Global TechnologyPairCorr
  0.5JSMGX Janus TritonPairCorr
  0.49JATAX Janus Global TechnologyPairCorr
  0.49JAVTX Janus VenturePairCorr
  0.45JSCVX Perkins Small CapPairCorr
  0.45JSCOX Perkins Small CapPairCorr

Related Correlations Analysis

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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.

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