Janus Global Select Fund Market Value

JORNX Fund  USD 20.89  0.17  0.82%   
Janus Global's market value is the price at which a share of Janus Global trades on a public exchange. It measures the collective expectations of Janus Global Select investors about its performance. Janus Global is trading at 20.89 as of the 4th of December 2024; that is 0.82 percent up since the beginning of the trading day. The fund's open price was 20.72.
With this module, you can estimate the performance of a buy and hold strategy of Janus Global Select and determine expected loss or profit from investing in Janus Global over a given investment horizon. Check out Janus Global Correlation, Janus Global Volatility and Janus Global Alpha and Beta module to complement your research on Janus Global.
Symbol

Please note, there is a significant difference between Janus Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus Global'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 Global '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 Global'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 Global.
0.00
06/07/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/04/2024
0.00
If you would invest  0.00  in Janus Global on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Janus Global Select or generate 0.0% return on investment in Janus Global over 180 days. Janus Global is related to or competes with Janus Contrarian, Janus Forty, Janus Growth, and Janus Enterprise. The fund pursues its investment objective by normally investing in a portfolio of 40-65 domestic and foreign common stocks selected for their growth potential and normally investing at least 40 percent of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States. More

Janus Global 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 Global'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 Global Select upside and downside potential and time the market with a certain degree of confidence.

Janus Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Global's standard deviation. In reality, there are many statistical measures that can use Janus Global historical prices to predict the future Janus Global's volatility.
Hype
Prediction
LowEstimatedHigh
20.1420.8921.64
Details
Intrinsic
Valuation
LowRealHigh
19.9020.6521.40
Details
Naive
Forecast
LowNextHigh
20.2320.9821.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.0820.4020.72
Details

Janus Global Select Backtested Returns

At this stage we consider Janus Mutual Fund to be very steady. Janus Global Select holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Janus Global Select, which you can use to evaluate the volatility of the entity. Please check out Janus Global's Market Risk Adjusted Performance of 0.0831, risk adjusted performance of 0.0631, and Downside Deviation of 0.8859 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The fund retains a Market Volatility (i.e., Beta) of 0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Janus Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Global is expected to be smaller as well.

Auto-correlation

    
  0.07  

Virtually no predictability

Janus Global Select has virtually no predictability. Overlapping area represents the amount of predictability between Janus Global time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Global Select price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Janus Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.07
Spearman Rank Test-0.24
Residual Average0.0
Price Variance0.15

Janus Global Select lagged returns against current returns

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

Janus Global Lagged Returns

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