Janus Overseas Fund Market Value
| JAOSX Fund | USD 48.55 0.18 0.37% |
| 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.
| 12/29/2024 |
| 02/27/2025 |
If you would invest 0.00 in Janus Overseas on December 29, 2024 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 60 days. Janus Overseas is related to or competes with Janus Trarian, Janus Global, Janus Global, Janus Research, and Janus Growth. The fund pursuesits investment objective by investing, under normal circumstances, at least 80 percent of its net assets... 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.
| Downside Deviation | 0.773 | |||
| Information Ratio | 0.1307 | |||
| Maximum Drawdown | 3.22 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.4 |
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 | 0.0999 | |||
| Jensen Alpha | 0.0928 | |||
| Total Risk Alpha | 0.0997 | |||
| Sortino Ratio | 0.1287 | |||
| Treynor Ratio | (2.36) |
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
At this stage we consider Janus Mutual Fund to be very steady. Janus Overseas holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Janus Overseas, which you can use to evaluate the volatility of the entity. Please check out Janus Overseas' Risk Adjusted Performance of 0.0999, downside deviation of 0.773, and Market Risk Adjusted Performance of (2.35) to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The fund retains a Market Volatility (i.e., Beta) of -0.0394, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Janus Overseas are expected to decrease at a much lower rate. During the bear market, Janus Overseas is likely to outperform the market.
Auto-correlation | 0.68 |
Good predictability
Janus Overseas Fund has good predictability. Overlapping area represents the amount of predictability between Janus Overseas time series from 29th of December 2024 to 28th of January 2025 and 28th of January 2025 to 27th of February 2025. 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 0.68 indicates that around 68.0% of current Janus Overseas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.76 |
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.
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