Janus Contrarian Correlations

Mutual Funds . USA . 
Fund . Janus Trarian Fund
JSVAX Fund  USD 26.72  0.09  0.34%   
The current 90-days correlation between Janus Contrarian and Janus Global Select is 0.9 (i.e., Almost no diversification). The correlation of Janus Contrarian 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 Contrarian Correlation With Market

Good diversification

The correlation between Janus Trarian Fund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Trarian 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 Trarian 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

  0.94JRAAX Janus ResearchPairCorr
  0.94JRACX Janus ResearchPairCorr
  0.94JRAIX Janus ResearchPairCorr
  0.94JRANX Janus ResearchPairCorr
  0.94JRARX Janus Henderson ResearchPairCorr
  0.94JRASX Janus ResearchPairCorr
  0.97JAAGX Enterprise PortfolioPairCorr
  0.93JABAX Janus BalancedPairCorr
  0.93JABCX Janus BalancedPairCorr
  0.96JRSAX Intech Managed VolatilityPairCorr
  0.96JRSDX Intech Managed VolatilityPairCorr
  0.96JRSCX Intech Managed VolatilityPairCorr
  0.96JRSIX Intech Managed VolatilityPairCorr
  0.96JRSNX Intech Managed VolatilityPairCorr
  0.96JRSSX Intech Managed VolatilityPairCorr
  0.96JRSTX Intech Managed VolatilityPairCorr
  1.0JACNX Janus ContrarianPairCorr
  0.96JACTX Janus Forty FundPairCorr
  0.97JADGX Janus Growth AndPairCorr
  0.92JABLX Balanced PortfolioPairCorr
  0.92JABNX Janus BalancedPairCorr
  0.93JABRX Janus BalancedPairCorr
  0.96JACAX Forty Portfolio InstPairCorr
  0.96JACCX Janus Forty FundPairCorr
  0.97JAENX Janus EnterprisePairCorr
  0.94JAGRX Research PortfolioPairCorr
  0.77JAGTX Janus Global TechnologyPairCorr
  0.94JAGCX Janus Global TechnologyPairCorr
  0.97JAGIX Janus Growth AndPairCorr
  0.93JANBX Janus BalancedPairCorr
  0.97JANEX Janus EnterprisePairCorr
  0.98JANIX Janus TritonPairCorr
  0.87JANRX Janus Global SelectPairCorr

Moving against Janus Mutual Fund

  0.5JADFX Janus Flexible BondPairCorr
  0.49JAFIX Janus Flexible BondPairCorr
  0.44JAFLX Flexible Bond PortfolioPairCorr
  0.55JSHCX Janus Short TermPairCorr
  0.54JASBX Janus Short TermPairCorr
  0.53JSHAX Janus Short TermPairCorr
  0.52JANFX Janus Flexible BondPairCorr
  0.36JAOSX Janus OverseasPairCorr
  0.35JAIGX Overseas PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
JAMRX
+ 0.79
JAGTX
JAMRX
+ 0.74
JORNX
JAGTX
+ 0.67
JORNX
JAGLX
+ 0.66
JORNX
JAGLX
+ 0.58
JAOSX
JAGLX
+ 0.17
JAGTX
  
High negative correlations   
JAMRX
- 0.53
JAOSX
JAGTX
- 0.39
JAOSX

Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Contrarian 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 Contrarian'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY