Janus Henderson Correlations

SXUS Etf

USD 19.49 0.00 0.00%

The current 90-days correlation between Janus Henderson and Janus Henderson Sustainable is -0.14 (i.e., Good diversification). The correlation of Janus Henderson 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 Henderson Correlation With Market

Good diversification

The correlation between Janus Henderson and DJI is -0.06 (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 World Market Map 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 employment.

Moving together with Janus Etf

0.75	TSJA	TSJA	Pair Corr
0.75	DSJA	DSJA	Pair Corr
0.71	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.7	DIS	Walt Disney	Pair Corr

Moving against Janus Etf

0.77	ULE	ProShares Ultra Euro	Pair Corr
0.75	VIIX	VIIX	Pair Corr
0.73	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.69	BKCI	BNY Mellon ETF	Pair Corr
0.66	VIGI	Vanguard International	Pair Corr
0.66	IDHQ	Invesco SP International	Pair Corr
0.65	IQDG	WisdomTree International Low Volatility	Pair Corr
0.63	CGXU	Capital Group Intern	Pair Corr
0.57	YCL	ProShares Ultra Yen	Pair Corr
0.55	EFG	iShares MSCI EAFE Low Volatility	Pair Corr
0.53	DNL	WisdomTree Global	Pair Corr
0.52	FXY	Invesco CurrencyShares	Pair Corr
0.37	IHDG	WisdomTree International	Pair Corr
0.8	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.62	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.58	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.58	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.57	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.48	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.42	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.32	MCD	McDonalds Fiscal Year End 3rd 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 Constituents 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.

Janus Henderson Sustainable Janus Henderson Janus Henderson Sustainable JIB Hennessy Stance ESG 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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