Janus Research Fund Market Value

JRAAX Fund  USD 84.32  0.83  0.99%   
Janus Research's market value is the price at which a share of Janus Research trades on a public exchange. It measures the collective expectations of Janus Research Fund investors about its performance. Janus Research is trading at 84.32 as of the 22nd of December 2024; that is 0.99% up since the beginning of the trading day. The fund's open price was 83.49.
With this module, you can estimate the performance of a buy and hold strategy of Janus Research Fund and determine expected loss or profit from investing in Janus Research over a given investment horizon. Check out Janus Research Correlation, Janus Research Volatility and Janus Research Alpha and Beta module to complement your research on Janus Research.
Symbol

Please note, there is a significant difference between Janus Research's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus Research is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus Research'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 Research '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 Research'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 Research.
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 Research on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Janus Research Fund or generate 0.0% return on investment in Janus Research over 720 days. Janus Research is related to or competes with Janus Enterprise, Janus Research, Perkins Mid, Janus Forty, and . The fund pursues its investment objective by investing primarily in common stocks selected for their growth potential More

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

Janus Research Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Research's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Research's standard deviation. In reality, there are many statistical measures that can use Janus Research historical prices to predict the future Janus Research's volatility.
Hype
Prediction
LowEstimatedHigh
83.1484.2885.42
Details
Intrinsic
Valuation
LowRealHigh
83.6284.7685.90
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Janus Research. Your research has to be compared to or analyzed against Janus Research's peers to derive any actionable benefits. When done correctly, Janus Research's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Janus Research.

Janus Research Backtested Returns

At this stage we consider Janus Mutual Fund to be very steady. Janus Research holds Efficiency (Sharpe) Ratio of 0.0364, which attests that the entity had a 0.0364% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Janus Research, which you can use to evaluate the volatility of the entity. Please check out Janus Research's Risk Adjusted Performance of 0.0302, downside deviation of 1.56, and Market Risk Adjusted Performance of 0.0438 to validate if the risk estimate we provide is consistent with the expected return of 0.0416%. The fund retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. Janus Research returns are very sensitive to returns on the market. As the market goes up or down, Janus Research is expected to follow.

Auto-correlation

    
  0.88  

Very good predictability

Janus Research Fund has very good predictability. Overlapping area represents the amount of predictability between Janus Research 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 Research price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Janus Research price fluctuation can be explain by its past prices.
Correlation Coefficient0.88
Spearman Rank Test0.86
Residual Average0.0
Price Variance38.1

Janus Research lagged returns against current returns

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

Janus Research Lagged Returns

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