Janus Overseas Fund Market Value
| JAOSX Fund | USD 46.50 0.39 0.85% |
| Symbol | Janus |
Janus Overseas 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Janus Overseas' mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Janus Overseas.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Janus Overseas on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Janus Overseas Fund or generate 0.0% return on investment in Janus Overseas over 360 days. Janus Overseas is related to or competes with Janus Contrarian, Janus Global, Janus Global, Janus Research, and Janus Growth. The fund pursues its investment objective by investing, under normal circumstances, at least 80 percent of its net asset... More
Janus Overseas Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Janus Overseas' mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Janus Overseas Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 4.27 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.19 |
Janus Overseas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Overseas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Overseas' standard deviation. In reality, there are many statistical measures that can use Janus Overseas historical prices to predict the future Janus Overseas' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Overseas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Janus Overseas Backtested Returns
Janus Overseas holds Efficiency (Sharpe) Ratio of -0.0504, which attests that the entity had a -0.0504% return per unit of risk over the last 3 months. Janus Overseas exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Janus Overseas' Market Risk Adjusted Performance of (0.13), risk adjusted performance of (0.06), and Standard Deviation of 0.9087 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Janus Overseas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Overseas is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Janus Overseas Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Janus Overseas time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Janus Overseas price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Janus Overseas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
Janus Overseas lagged returns against current returns
Autocorrelation, which is Janus Overseas mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Janus Overseas' mutual fund expected returns. We can calculate the autocorrelation of Janus Overseas returns to help us make a trade decision. For example, suppose you find that Janus Overseas has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Janus Overseas regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Janus Overseas mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Overseas mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Janus Overseas mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Overseas Lagged Returns
When evaluating Janus Overseas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Overseas mutual fund have on its future price. Janus Overseas autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Janus Overseas autocorrelation shows the relationship between Janus Overseas mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Overseas Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Janus Mutual Fund
Janus Overseas financial ratios help investors to determine whether Janus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Janus with respect to the benefits of owning Janus Overseas security.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |