Janus High Yield Fund Market Value

JDHYX Fund  USD 7.34  0.01  0.14%   
Janus High's market value is the price at which a share of Janus High trades on a public exchange. It measures the collective expectations of Janus High Yield Fund investors about its performance. Janus High is trading at 7.34 as of the 22nd of December 2024; that is 0.14 percent up since the beginning of the trading day. The fund's open price was 7.33.
With this module, you can estimate the performance of a buy and hold strategy of Janus High Yield Fund and determine expected loss or profit from investing in Janus High over a given investment horizon. Check out Janus High Correlation, Janus High Volatility and Janus High Alpha and Beta module to complement your research on Janus High.
Symbol

Please note, there is a significant difference between Janus High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus High'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 High '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 High'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 High.
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 High on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Janus High Yield Fund or generate 0.0% return on investment in Janus High over 720 days. Janus High is related to or competes with Janus Henderson, 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 High 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 High'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 High Yield Fund upside and downside potential and time the market with a certain degree of confidence.

Janus High Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus High's standard deviation. In reality, there are many statistical measures that can use Janus High historical prices to predict the future Janus High'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 High'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
7.167.347.52
Details
Intrinsic
Valuation
LowRealHigh
7.177.357.53
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Janus High Yield Backtested Returns

Janus High Yield holds Efficiency (Sharpe) Ratio of -0.0343, which attests that the entity had a -0.0343% return per unit of risk over the last 3 months. Janus High Yield exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Janus High's Standard Deviation of 0.1777, risk adjusted performance of (0.07), and Market Risk Adjusted Performance of (0.21) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0822, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Janus High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus High is expected to be smaller as well.

Auto-correlation

    
  0.51  

Modest predictability

Janus High Yield Fund has modest predictability. Overlapping area represents the amount of predictability between Janus High 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 High Yield price movement. The serial correlation of 0.51 indicates that about 51.0% of current Janus High price fluctuation can be explain by its past prices.
Correlation Coefficient0.51
Spearman Rank Test0.52
Residual Average0.0
Price Variance0.04

Janus High Yield lagged returns against current returns

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

Janus High Lagged Returns

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