Janus Short-term Correlations
| JSHAX Fund | USD 2.87 0.00 0.00% |
The current 90-days correlation between Janus Short Term and Janus Flexible Bond is 0.65 (i.e., Poor diversification). The correlation of Janus Short-term 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 Short-term Correlation With Market
Significant diversification
The correlation between Janus Short Term Bond and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Short Term Bond and DJI in the same portfolio, assuming nothing else is changed.
Janus |
Moving together with Janus Mutual Fund
| 0.85 | JADFX | Janus Flexible Bond | PairCorr |
| 0.86 | JAFIX | Janus Flexible Bond | PairCorr |
| 0.67 | JAFLX | Flexible Bond Portfolio | PairCorr |
| 0.64 | JAIGX | Overseas Portfolio | PairCorr |
| 0.89 | JANFX | Janus Flexible Bond | PairCorr |
Related Correlations Analysis
| 0.51 | 0.56 | 0.52 | 0.1 | JAFIX | ||
| 0.51 | 0.64 | 0.53 | 0.53 | JAHYX | ||
| 0.56 | 0.64 | 0.09 | 0.46 | PRWBX | ||
| 0.52 | 0.53 | 0.09 | 0.05 | JABAX | ||
| 0.1 | 0.53 | 0.46 | 0.05 | JASSX | ||
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Risk-Adjusted Indicators
There is a big difference between Janus Mutual Fund performing well and Janus Short-term 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 Short-term'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JAFIX | 0.25 | (0.08) | 0.00 | (1.56) | 0.00 | 0.43 | 1.73 | |||
| JAHYX | 0.13 | (0.02) | 0.00 | (0.77) | 0.00 | 0.27 | 0.95 | |||
| PRWBX | 0.08 | (0.02) | 0.00 | (2.50) | 0.00 | 0.22 | 0.65 | |||
| JABAX | 0.47 | (0.07) | 0.00 | (0.45) | 0.00 | 0.76 | 6.49 | |||
| JASSX | 0.08 | (0.01) | 0.00 | 1.20 | 0.00 | 0.20 | 0.59 |