Janus High Yield Fund Market Value

JHYNX Fund  USD 7.37  0.01  0.14%   
Janus High-yield's market value is the price at which a share of Janus High-yield trades on a public exchange. It measures the collective expectations of Janus High Yield Fund investors about its performance. Janus High-yield is trading at 7.37 as of the 2nd of March 2025; that is 0.14% increase since the beginning of the trading day. The fund's open price was 7.36.
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-yield over a given investment horizon. Check out Janus High-yield Correlation, Janus High-yield Volatility and Janus High-yield Alpha and Beta module to complement your research on Janus High-yield.
Symbol

Please note, there is a significant difference between Janus High-yield's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus High-yield 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-yield'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-yield '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-yield'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-yield.
0.00
01/31/2025
No Change 0.00  0.0 
In 30 days
03/02/2025
0.00
If you would invest  0.00  in Janus High-yield on January 31, 2025 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-yield over 30 days. Janus High-yield is related to or competes with Aig Government, Us Government, Virtus Seix, Us Government, Vanguard Intermediate-ter, Government Securities, and Dunham Corporate/govern. The investment seeks high current income capital appreciation is a secondary investment objective More

Janus High-yield 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-yield'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-yield Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus High-yield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus High-yield's standard deviation. In reality, there are many statistical measures that can use Janus High-yield historical prices to predict the future Janus High-yield's volatility.
Hype
Prediction
LowEstimatedHigh
7.147.377.60
Details
Intrinsic
Valuation
LowRealHigh
7.137.367.59
Details

Janus High Yield Backtested Returns

At this stage we consider JANUS Mutual Fund to be very steady. Janus High Yield holds Efficiency (Sharpe) Ratio of 0.0495, which attests that the entity had a 0.0495 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Janus High Yield, which you can use to evaluate the volatility of the entity. Please check out Janus High-yield's Market Risk Adjusted Performance of 0.0371, downside deviation of 0.2714, and Risk Adjusted Performance of 0.0151 to validate if the risk estimate we provide is consistent with the expected return of 0.0114%. The fund retains a Market Volatility (i.e., Beta) of 0.0595, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Janus High-yield's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus High-yield is expected to be smaller as well.

Auto-correlation

    
  -0.29  

Weak reverse predictability

Janus High Yield Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Janus High-yield time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd of March 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 High Yield price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Janus High-yield price fluctuation can be explain by its past prices.
Correlation Coefficient-0.29
Spearman Rank Test-0.37
Residual Average0.0
Price Variance0.0

Janus High Yield lagged returns against current returns

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

Janus High-yield Lagged Returns

When evaluating Janus High-yield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus High-yield mutual fund have on its future price. Janus High-yield 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-yield autocorrelation shows the relationship between Janus High-yield 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  

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Other Information on Investing in JANUS Mutual Fund

Janus High-yield 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-yield security.
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