Janus Henderson Correlations

JZRO Etf

USD 23.85 0.07 0.29%

The current 90-days correlation between Janus Henderson and JIB is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Janus Henderson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Janus Henderson moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Janus Henderson Correlation With Market

Good diversification

The correlation between Janus Henderson and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Henderson 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. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Janus Etf

0.69

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Moving against Janus Etf

0.59	XME	SPDR SP Metals	Pair Corr
0.57	VAW	Vanguard Materials Index	Pair Corr
0.56	PHO	Invesco Water Resources	Pair Corr
0.54	XLB	Materials Select Sector	Pair Corr
0.54	FIW	First Trust Water	Pair Corr
0.53	FXZ	First Trust Materials	Pair Corr
0.53	IYM	iShares Basic Materials	Pair Corr
0.48	EVUS	iShares ESG Aware	Pair Corr
0.47	PRME	Prime Medicine, Common	Pair Corr
0.47	SNPD	DBX ETF Trust	Pair Corr
0.38	GREI	Goldman Sachs Future	Pair Corr
0.36	MOO	VanEck Agribusiness ETF	Pair Corr
0.35	URNM	Sprott Uranium Miners	Pair Corr
0.56	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.55	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.46	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.41	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.38	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.76	-0.53	-0.55	0.36	0.46	0.52	0.21	-0.02	-0.6	META
MSFT	0.76		-0.6	-0.29	0.6	0.1	0.69	0.43	-0.26	-0.6	MSFT
UBER	-0.53	-0.6		0.58	-0.68	0.15	-0.81	-0.6	0.69	0.81	UBER
F	-0.55	-0.29	0.58		-0.05	-0.14	-0.19	0.09	0.11	0.79	F
T	0.36	0.6	-0.68	-0.05		-0.17	0.85	0.8	-0.62	-0.44	T
A	0.46	0.1	0.15	-0.14	-0.17		-0.1	-0.3	0.61	0.11	A
CRM	0.52	0.69	-0.81	-0.19	0.85	-0.1		0.83	-0.69	-0.56	CRM
JPM	0.21	0.43	-0.6	0.09	0.8	-0.3	0.83		-0.75	-0.38	JPM
MRK	-0.02	-0.26	0.69	0.11	-0.62	0.61	-0.69	-0.75		0.44	MRK
XOM	-0.6	-0.6	0.81	0.79	-0.44	0.11	-0.56	-0.38	0.44		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.85	T
JPM	+ 0.83	CRM
XOM	+ 0.81	UBER
JPM	+ 0.8	T
XOM	+ 0.79	F
MSFT	+ 0.76	META

High negative correlations

CRM	- 0.81	UBER
MRK	- 0.75	JPM
MRK	- 0.69	CRM
T	- 0.68	UBER
MRK	- 0.62	T
JPM	- 0.6	UBER

Janus Henderson Competition Risk-Adjusted Indicators

There is a big difference between Janus Etf performing well and Janus Henderson ETF 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
META	1.30	0.04	0.02	0.16	1.52	(1.48)	3.22	(3.15)	7.43
MSFT	0.89	0.03	0.01	(0.26)	1.64	(0.80)	1.78	(1.73)	8.14
UBER	1.73	(0.18)	0.00	(0.85)	0.00	0.00	2.67	(5.35)	20.41
F	1.36	(0.10)	0.00	(0.30)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.03	0.02	0.12	1.17	(1.02)	1.93	(1.99)	7.95
A	1.12	(0.09)	0.00	(0.22)	0.00	0.00	2.43	(2.42)	8.06
CRM	1.42	0.20	0.12	1.34	1.39	(1.63)	3.16	(2.88)	14.80
JPM	1.01	0.23	0.17	2.97	1.06	(1.21)	1.65	(1.42)	15.87
MRK	0.95	(0.14)	0.00	(0.60)	0.00	0.00	1.72	(2.13)	5.17
XOM	0.76	(0.23)	0.00	(0.98)	0.00	0.00	1.42	(2.14)	6.06

Janus Henderson Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Janus Henderson etf to make a market-neutral strategy. Peer analysis of Janus Henderson could also be used in its relative valuation, which is a method of valuing Janus Henderson by comparing valuation metrics with similar companies.

JIB Janus Henderson Janus Henderson Sustainable Janus Henderson Sustainable Janus Henderson Real American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

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