Janus Global Correlations

JNGTX Fund

USD 65.12 0.11 0.17%

The current 90-days correlation between Janus Global Technology and Lord Abbett Vertible is 0.46 (i.e., Very weak 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

Modest diversification

The correlation between Janus Global Technology and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Technology 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 Technology. 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 estimate.

Moving together with Janus Mutual Fund

0.7	VEEAW	Veea Inc Symbol Change	Pair Corr
0.71	CORZZ	Core Scientific, Tranche	Pair Corr
0.84	SLNHP	Soluna Holdings Preferred	Pair Corr
0.85	JRAAX	Janus Research	Pair Corr
0.78	JRACX	Janus Research	Pair Corr
0.74	JRAIX	Janus Research	Pair Corr
0.74	JRANX	Janus Research	Pair Corr
0.76	JRARX	Janus Henderson Research	Pair Corr
0.87	JRASX	Janus Research	Pair Corr
0.83	JABAX	Janus Balanced	Pair Corr
0.83	JABCX	Janus Balanced	Pair Corr
0.71	JRSAX	Intech Managed Volatility	Pair Corr
0.73	JRSDX	Intech Managed Volatility	Pair Corr

Moving against Janus Mutual Fund

0.81	MIND	Mind Technology	Pair Corr
0.75	VEEA	Veea Inc Symbol Change	Pair Corr
0.6	EXOD	Exodus Movement,	Pair Corr
0.5	HPAIW	Helport AI Limited	Pair Corr
0.39	ZENA	ZenaTech	Pair Corr
0.38	VVPR	VivoPower International	Pair Corr
0.33	VSTEW	Vast Renewables	Pair Corr
0.79	SCWX	Secureworks Corp	Pair Corr
0.72	RZLVW	Rezolve AI Limited	Pair Corr
0.6	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.59	ZEOWW	Zeo Energy Corp Symbol Change	Pair Corr

Related Correlations Analysis

	LCFTX	CONOX	ARBOX	WEICX	GCV	MCFAX	HNCVX
LCFTX		0.81	0.63	0.89	0.77	0.75	0.92	LCFTX
CONOX	0.81		0.64	0.85	0.69	0.93	0.95	CONOX
ARBOX	0.63	0.64		0.54	0.38	0.7	0.65	ARBOX
WEICX	0.89	0.85	0.54		0.81	0.78	0.95	WEICX
GCV	0.77	0.69	0.38	0.81		0.59	0.8	GCV
MCFAX	0.75	0.93	0.7	0.78	0.59		0.86	MCFAX
HNCVX	0.92	0.95	0.65	0.95	0.8	0.86		HNCVX
	LCFTX	CONOX	ARBOX	WEICX	GCV	MCFAX	HNCVX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LCFTX	0.53	0.07	0.09	0.24	0.61	(0.56)	1.09	(1.03)	3.65
CONOX	0.52	0.01	0.01	0.03	0.68	(0.54)	1.07	(0.88)	3.63
ARBOX	0.06	0.00	(0.01)	(0.13)	0.18	(0.09)	0.09	(0.09)	1.33
WEICX	0.56	0.06	0.07	0.16	0.69	(0.58)	1.21	(0.93)	3.63
GCV	0.97	0.07	0.05	0.12	1.16	(1.02)	1.89	(1.55)	5.96
MCFAX	0.25	(0.01)	0.00	(0.06)	0.00	0.00	0.54	(0.46)	1.85
HNCVX	0.52	0.04	0.06	0.14	0.64	(0.56)	1.04	(1.03)	3.33

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