Janus Henderson Correlations

JHG Stock

USD 37.37 0.21 0.56%

The current 90-days correlation between Janus Henderson Group and Franklin Resources is 0.49 (i.e., Very weak diversification). The correlation of Janus Henderson 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.

Janus Henderson Correlation With Market

Very weak diversification

The correlation between Janus Henderson Group and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Henderson Group 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 Henderson Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Janus Stock

0.89	ECPG	Encore Capital Group	Pair Corr
0.92	AXP	American Express	Pair Corr
0.62	CNF	CNFinance Holdings	Pair Corr
0.76	COF	Capital One Financial	Pair Corr
0.78	DFS	Discover Financial	Pair Corr
0.88	SYF	Synchrony Financial	Pair Corr
0.63	PYPL	PayPal Holdings	Pair Corr
0.72	ALLY	Ally Financial	Pair Corr
0.69	APAM	Artisan Partners Asset	Pair Corr
0.82	SOFI	SoFi Technologies	Pair Corr
0.76	UPST	Upstart Holdings	Pair Corr
0.64	C	Citigroup	Pair Corr
0.8	AX	Axos Financial	Pair Corr
0.92	BN	Brookfield Corp	Pair Corr
0.81	BX	Blackstone Group	Pair Corr
0.89	BY	Byline Bancorp	Pair Corr
0.85	CG	Carlyle Group	Pair Corr
0.83	CM	Canadian Imperial Bank	Pair Corr

Moving against Janus Stock

0.75	RENEW	Cartesian Growth	Pair Corr
0.74	CB	Chubb	Pair Corr
0.72	HG	Hamilton Insurance Group,	Pair Corr
0.69	DB	Deutsche Bank AG	Pair Corr
0.63	LU	Lufax Holding	Pair Corr
0.5	LX	Lexinfintech Holdings	Pair Corr
0.33	EG	Everest Group	Pair Corr

Related Correlations Analysis

	BEN	STT	NTRS	PFG	BSIG	MVF	FMN	MYI	FTF	MYD
BEN		0.53	0.53	0.04	0.0	0.3	0.4	0.47	0.25	0.35	BEN
STT	0.53		0.76	-0.13	0.0	0.25	0.27	0.26	0.17	0.11	STT
NTRS	0.53	0.76		0.42	0.0	0.67	0.69	0.68	0.63	0.55	NTRS
PFG	0.04	-0.13	0.42		0.0	0.7	0.68	0.66	0.72	0.67	PFG
BSIG	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	BSIG
MVF	0.3	0.25	0.67	0.7	0.0		0.88	0.91	0.77	0.88	MVF
FMN	0.4	0.27	0.69	0.68	0.0	0.88		0.92	0.66	0.92	FMN
MYI	0.47	0.26	0.68	0.66	0.0	0.91	0.92		0.67	0.89	MYI
FTF	0.25	0.17	0.63	0.72	0.0	0.77	0.66	0.67		0.69	FTF
MYD	0.35	0.11	0.55	0.67	0.0	0.88	0.92	0.89	0.69		MYD
	BEN	STT	NTRS	PFG	BSIG	MVF	FMN	MYI	FTF	MYD

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MYI	+ 0.92	FMN
MYD	+ 0.92	FMN
MYI	+ 0.91	MVF
MYD	+ 0.89	MYI
FMN	+ 0.88	MVF
MYD	+ 0.88	MVF

High negative correlations

PFG	- 0.13	STT
MYD	- 0.0	BSIG
FTF	- 0.0	BSIG
MYI	- 0.0	BSIG
FMN	- 0.0	BSIG
MVF	- 0.0	BSIG

Risk-Adjusted Indicators

There is a big difference between Janus Stock performing well and Janus Henderson Company 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 Henderson'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BEN	1.42	(0.05)	0.00	(0.13)	0.00	0.00	2.59	(2.55)	17.21
STT	1.20	(0.06)	0.00	(0.12)	0.00	0.00	2.38	(3.40)	9.98
NTRS	1.07	(0.01)	0.00	(0.07)	0.00	0.00	2.01	(2.88)	9.01
PFG	1.09	0.16	0.11	0.10	1.37	(1.13)	2.50	(2.52)	6.31
BSIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MVF	0.49	0.01	0.10	0.01	0.63	(0.54)	1.12	(0.99)	3.98
FMN	0.45	(0.02)	0.00	(0.19)	0.00	0.00	0.81	(0.99)	3.01
MYI	0.50	0.00	0.00	(0.06)	0.00	0.00	0.91	(1.08)	3.13
FTF	0.46	0.01	0.09	(0.02)	0.67	(0.45)	0.81	(0.92)	3.29
MYD	0.47	(0.04)	0.00	(0.30)	0.00	0.00	0.97	(1.06)	2.63

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