Janus Global Correlations

Mutual Funds . USA . 
Fund . Janus Global Allocation
JGCIX Fund  USD 14.55  0.10  0.68%   
The current 90-days correlation between Janus Global Allocation and Capital Income Builder is 0.03 (i.e., Significant 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

Poor diversification

The correlation between Janus Global Allocation and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Allocation 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 Allocation. 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

  0.68JRAAX Janus ResearchPairCorr
  0.67JRACX Janus ResearchPairCorr
  0.69JRAIX Janus ResearchPairCorr
  0.68JRANX Janus ResearchPairCorr
  0.68JRARX Janus Henderson ResearchPairCorr
  0.68JRASX Janus ResearchPairCorr
  0.71JAAGX Enterprise PortfolioPairCorr
  0.8JABAX Janus Balanced Downward RallyPairCorr
  0.81JABCX Janus Balanced Downward RallyPairCorr
  0.73JRSAX Intech Managed VolatilityPairCorr
  0.71JRSDX Intech Managed VolatilityPairCorr
  0.72JRSCX Intech Managed VolatilityPairCorr
  0.7JRSIX Intech Managed VolatilityPairCorr
  0.71JRSNX Intech Managed VolatilityPairCorr
  0.69JRSSX Intech Managed VolatilityPairCorr
  0.71JRSTX Intech Managed VolatilityPairCorr
  0.8JABLX Balanced PortfolioPairCorr
  0.72JABNX Janus Balanced Downward RallyPairCorr
  0.77JABRX Janus Balanced Downward RallyPairCorr
  0.72JACAX Forty Portfolio InstPairCorr
  0.74JAGRX Research PortfolioPairCorr
  0.8JAHYX Janus High YieldPairCorr
  0.73JANBX Janus Balanced Downward RallyPairCorr
  0.68JANRX 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 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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