Janus Henderson High Yield Fund Market Value

JDHCX Fund  USD 7.33  0.01  0.14%   
Janus Henderson's market value is the price at which a share of Janus Henderson trades on a public exchange. It measures the collective expectations of Janus Henderson High Yield investors about its performance. Janus Henderson is trading at 7.33 as of the 22nd of December 2024; that is 0.14 percent increase since the beginning of the trading day. The fund's open price was 7.32.
With this module, you can estimate the performance of a buy and hold strategy of Janus Henderson High Yield and determine expected loss or profit from investing in Janus Henderson over a given investment horizon. Check out Janus Henderson Correlation, Janus Henderson Volatility and Janus Henderson Alpha and Beta module to complement your research on Janus Henderson.
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Please note, there is a significant difference between Janus Henderson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus Henderson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus Henderson's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Janus Henderson '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 Henderson's 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 Henderson.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in Janus Henderson on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Janus Henderson High Yield or generate 0.0% return on investment in Janus Henderson over 720 days. Janus Henderson is related to or competes with Janus Flexible, Intech Managed, Janus Trarian, and Janus Flexible. The fund normally invests at least 80 percent of its net assets in high-yieldhigh-risk securities rated below investment... More

Janus Henderson 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 Henderson's 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 Henderson High Yield upside and downside potential and time the market with a certain degree of confidence.

Janus Henderson Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Henderson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Henderson's standard deviation. In reality, there are many statistical measures that can use Janus Henderson historical prices to predict the future Janus Henderson's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Henderson's 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.
Hype
Prediction
LowEstimatedHigh
7.167.337.50
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Intrinsic
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LowRealHigh
7.177.347.51
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Janus Henderson High Backtested Returns

Janus Henderson High holds Efficiency (Sharpe) Ratio of -0.0471, which attests that the entity had a -0.0471% return per unit of risk over the last 3 months. Janus Henderson High exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Janus Henderson's Risk Adjusted Performance of (0.08), standard deviation of 0.1737, and Market Risk Adjusted Performance of (0.23) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0842, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Janus Henderson's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Henderson is expected to be smaller as well.

Auto-correlation

    
  0.45  

Average predictability

Janus Henderson High Yield has average predictability. Overlapping area represents the amount of predictability between Janus Henderson time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Henderson High price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Janus Henderson price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test0.48
Residual Average0.0
Price Variance0.04

Janus Henderson High lagged returns against current returns

Autocorrelation, which is Janus Henderson 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 Henderson's mutual fund expected returns. We can calculate the autocorrelation of Janus Henderson returns to help us make a trade decision. For example, suppose you find that Janus Henderson 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 Henderson 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 Henderson mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Henderson 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 Henderson mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Janus Henderson Lagged Returns

When evaluating Janus Henderson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Henderson mutual fund have on its future price. Janus Henderson 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 Henderson autocorrelation shows the relationship between Janus Henderson mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Henderson High Yield.
   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 Henderson 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 Henderson security.
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