Janus Global Correlations

Mutual Funds . USA . 
Fund . Janus Global Allocation
JMOIX Fund  USD 12.48  0.05  0.40%   
The current 90-days correlation between Janus Global Allocation and Janus Global Allocation is 1.0 (i.e., No risk reduction). 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

  0.63JAAGX Enterprise PortfolioPairCorr
  0.78JABAX Janus BalancedPairCorr
  0.76JABCX Janus BalancedPairCorr
  0.61JRSAX Intech Managed VolatilityPairCorr
  0.62JRSDX Intech Managed VolatilityPairCorr
  0.61JRSIX Intech Managed VolatilityPairCorr
  0.62JRSNX Intech Managed VolatilityPairCorr
  0.61JRSSX Intech Managed VolatilityPairCorr
  0.61JRSTX Intech Managed VolatilityPairCorr
  0.68JADGX Janus Growth AndPairCorr
  0.78JABLX Balanced PortfolioPairCorr
  0.78JABNX Janus BalancedPairCorr
  0.78JABRX Janus BalancedPairCorr
  0.63JAENX Janus EnterprisePairCorr
  0.68JAGIX Janus Growth AndPairCorr
  0.76JAGLX Janus Global LifePairCorr
  0.78JANBX Janus BalancedPairCorr
  0.63JANEX Janus EnterprisePairCorr
  0.82JANRX Janus Global SelectPairCorr

Related Correlations Analysis

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