Janus Triton Correlations

JGMAX Fund

USD 23.78 0.14 0.59%

The current 90-days correlation between Janus Triton and Blackrock Sp 500 is 0.91 (i.e., Almost no diversification). The correlation of Janus Triton 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 Triton Correlation With Market

Poor diversification

The correlation between Janus Triton Fund and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Triton 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 Triton 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 nation.

Moving together with Janus Mutual Fund

0.96	JACNX	Janus Contrarian	Pair Corr
0.95	JAGTX	Janus Global Technology	Pair Corr
1.0	JVTCX	Janus Venture	Pair Corr
0.95	JGLTX	Global Technology	Pair Corr
0.95	JNGTX	Janus Global Technology	Pair Corr
0.98	VSGAX	Vanguard Small Cap	Pair Corr
0.98	VSGIX	Vanguard Small Cap	Pair Corr
0.98	VISGX	Vanguard Small Cap	Pair Corr
0.9	VEXPX	Vanguard Explorer	Pair Corr
0.9	VEXRX	Vanguard Explorer	Pair Corr
1.0	JGMIX	Janus Triton	Pair Corr
1.0	JGMRX	Janus Triton	Pair Corr
1.0	JGMCX	Janus Triton	Pair Corr
1.0	JGMNX	Janus Triton	Pair Corr
0.92	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Janus Mutual Fund

0.54	JAFLX	Flexible Bond Portfolio	Pair Corr
0.43	JNOSX	Janus Overseas	Pair Corr
0.37	HDRVX	Janus Henderson Dividend	Pair Corr
0.58	USGDX	Morgan Stanley Government	Pair Corr
0.54	ABNOX	Ab Bond Inflation	Pair Corr
0.54	HRBDX	Harbor Bond Fund	Pair Corr
0.53	UGPIX	Ultrachina Profund	Pair Corr
0.53	UGPSX	Ultrachina Profund	Pair Corr
0.49	VICSX	Vanguard Intermediate-ter	Pair Corr
0.42	GIOIX	Guggenheim Macro Opp	Pair Corr
0.37	PMPIX	Precious Metals Ultr	Pair Corr
0.33	UTF	Cohen And Steers	Pair Corr
0.31	SGDLX	Sprott Gold Equity	Pair Corr

Related Correlations Analysis

	BSPIX	JDMAX	VETAX	NMSAX	JVMAX
BSPIX		0.98	0.81	0.91	0.63	BSPIX
JDMAX	0.98		0.83	0.89	0.62	JDMAX
VETAX	0.81	0.83		0.81	0.71	VETAX
NMSAX	0.91	0.89	0.81		0.74	NMSAX
JVMAX	0.63	0.62	0.71	0.74		JVMAX
	BSPIX	JDMAX	VETAX	NMSAX	JVMAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Triton 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 Triton'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BSPIX	0.80	(0.04)	(0.12)	1.27	(1.75)	4.52
JDMAX	0.75	(0.04)	(0.12)	1.42	(1.80)	4.01
VETAX	0.87	(0.19)	(0.28)	1.17	(1.72)	10.03
NMSAX	0.89	(0.15)	(0.22)	1.41	(2.41)	4.43
JVMAX	0.86	(0.21)	(0.34)	1.22	(1.87)	9.56

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC