Janus Triton Fund Market Value

JSMGX Fund  USD 30.99  0.06  0.19%   
Janus Triton's market value is the price at which a share of Janus Triton trades on a public exchange. It measures the collective expectations of Janus Triton Fund investors about its performance. Janus Triton is trading at 30.99 as of the 5th of December 2024; that is 0.19 percent increase since the beginning of the trading day. The fund's open price was 30.93.
With this module, you can estimate the performance of a buy and hold strategy of Janus Triton Fund and determine expected loss or profit from investing in Janus Triton over a given investment horizon. Check out Janus Triton Correlation, Janus Triton Volatility and Janus Triton Alpha and Beta module to complement your research on Janus Triton.
Symbol

Please note, there is a significant difference between Janus Triton's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus Triton is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus Triton'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 Triton '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 Triton'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 Triton.
0.00
05/15/2023
No Change 0.00  0.0 
In 1 year 6 months and 25 days
12/05/2024
0.00
If you would invest  0.00  in Janus Triton on May 15, 2023 and sell it all today you would earn a total of 0.00 from holding Janus Triton Fund or generate 0.0% return on investment in Janus Triton over 570 days. Janus Triton is related to or competes with Midcap Fund, Goldman Sachs, Mfs International, Prudential High, and Janus Enterprise. The fund pursues its investment objective by investing at least 50 percent of its equity assets in small- and medium-siz... More

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

Janus Triton Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Triton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Triton's standard deviation. In reality, there are many statistical measures that can use Janus Triton historical prices to predict the future Janus Triton's volatility.
Hype
Prediction
LowEstimatedHigh
30.0830.9431.80
Details
Intrinsic
Valuation
LowRealHigh
29.7830.6431.50
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Janus Triton. Your research has to be compared to or analyzed against Janus Triton's peers to derive any actionable benefits. When done correctly, Janus Triton'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 Triton.

Janus Triton Backtested Returns

At this stage we consider Janus Mutual Fund to be very steady. Janus Triton holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Janus Triton, which you can use to evaluate the volatility of the entity. Please check out Janus Triton's Market Risk Adjusted Performance of 0.1346, risk adjusted performance of 0.116, and Downside Deviation of 0.7697 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The fund retains a Market Volatility (i.e., Beta) of 1.0, which attests to a somewhat significant risk relative to the market. Janus Triton returns are very sensitive to returns on the market. As the market goes up or down, Janus Triton is expected to follow.

Auto-correlation

    
  -0.18  

Insignificant reverse predictability

Janus Triton Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Janus Triton time series from 15th of May 2023 to 24th of February 2024 and 24th of February 2024 to 5th 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 Triton price movement. The serial correlation of -0.18 indicates that over 18.0% of current Janus Triton price fluctuation can be explain by its past prices.
Correlation Coefficient-0.18
Spearman Rank Test-0.34
Residual Average0.0
Price Variance1.62

Janus Triton lagged returns against current returns

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

Janus Triton Lagged Returns

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