Janus Flexible Correlations

Mutual Funds . USA . 
Fund . Janus Flexible Bond
JFLEX Fund  USD 9.34  0.01  0.11%   
The current 90-days correlation between Janus Flexible Bond and Virtus Emerging Markets is 0.1 (i.e., Average 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

Average diversification

The correlation between Janus Flexible Bond and DJI is 0.14 (i.e., Average 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 income.

Moving together with Janus Mutual Fund

  1.0JADFX Janus Flexible BondPairCorr
  1.0JAFIX Janus Flexible BondPairCorr
  0.99JAFLX Flexible Bond PortfolioPairCorr
  0.68JAHYX Janus High YieldPairCorr
  0.87JAIGX Overseas PortfolioPairCorr
  1.0JANFX Janus Flexible BondPairCorr

Moving against Janus Mutual Fund

  0.66JRACX Janus ResearchPairCorr
  0.66JRARX Janus Henderson ResearchPairCorr
  0.66JRASX Janus ResearchPairCorr
  0.65JRAAX Janus ResearchPairCorr
  0.65JRAIX Janus ResearchPairCorr
  0.65JRANX Janus ResearchPairCorr
  0.48JRSCX Intech Managed VolatilityPairCorr
  0.47JRSAX 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
  0.46JACNX Janus ContrarianPairCorr
  0.39JAAGX Enterprise PortfolioPairCorr
  0.66JAGRX Research PortfolioPairCorr
  0.66JAGCX Janus Global TechnologyPairCorr
  0.65JAGTX Janus Global TechnologyPairCorr
  0.62JACCX Janus Forty FundPairCorr
  0.61JACTX Janus Forty FundPairCorr
  0.61JACAX Forty Portfolio InstPairCorr
  0.4JAENX Janus EnterprisePairCorr
  0.35JADGX Janus Growth AndPairCorr
  0.34JAGIX Janus Growth AndPairCorr
  0.66JATNX Janus Henderson GlobalPairCorr
  0.65JAMRX Janus ResearchPairCorr
  0.61JARTX Janus Forty FundPairCorr
  0.57JSCVX Perkins Small CapPairCorr
  0.57JSCOX Perkins Small CapPairCorr
  0.56JANVX Janus VenturePairCorr

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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