Janus Global Correlations

Mutual Funds . USA . 
Fund . Janus Global Allocation
JGCSX Fund  USD 14.51  0.11  0.76%   
The current 90-days correlation between Janus Global Allocation and Janus Global Allocation is -0.09 (i.e., Good diversification). The correlation of Janus Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Janus Global Correlation With Market

Good diversification

The correlation between Janus Global Allocation and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Janus Global Allocation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Janus Mutual Fund

  0.77JRAAX Janus ResearchPairCorr
  0.77JRACX Janus ResearchPairCorr
  0.83JRAIX Janus ResearchPairCorr
  0.83JRANX Janus ResearchPairCorr
  0.83JRARX Janus Henderson ResearchPairCorr
  0.83JRASX Janus ResearchPairCorr
  0.87JABAX Janus BalancedPairCorr
  0.87JABCX Janus BalancedPairCorr
  0.79JRSAX Intech Managed VolatilityPairCorr
  0.79JRSDX Intech Managed VolatilityPairCorr
  0.85JRSCX Intech Managed VolatilityPairCorr
  0.85JRSIX Intech Managed VolatilityPairCorr
  0.94JRSNX Intech Managed VolatilityPairCorr
  0.94JRSSX Intech Managed VolatilityPairCorr
  0.79JRSTX Intech Managed VolatilityPairCorr
  0.9JACTX Janus Forty FundPairCorr
  0.73JADFX Janus Flexible BondPairCorr
  0.9JADGX Janus Growth AndPairCorr
  0.81JABLX Balanced PortfolioPairCorr
  0.87JABNX Janus BalancedPairCorr
  0.87JABRX Janus BalancedPairCorr
  0.78JACAX Forty Portfolio InstPairCorr
  0.78JACCX Janus Forty FundPairCorr
  0.73JAFIX Janus Flexible BondPairCorr
  0.77JAFLX Flexible Bond PortfolioPairCorr
  0.77JAGRX Research PortfolioPairCorr
  0.93JAGTX Janus Global TechnologyPairCorr
  0.84JAGCX Janus Global TechnologyPairCorr
  0.98JAGIX Janus Growth AndPairCorr
  0.82JAHYX Janus High YieldPairCorr
  0.74JAIGX Overseas PortfolioPairCorr
  0.81JANBX Janus BalancedPairCorr
  0.78JANFX Janus Flexible BondPairCorr
  0.65JANIX Janus TritonPairCorr
  0.77JANRX Janus Global SelectPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Global Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Janus Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JGCIX  0.41 (0.01)(0.04) 0.02  0.57 
(0.45)
 0.81 
(0.93)
 3.00 
JSPGX  0.42 (0.01)(0.04) 0.02  0.60 
(0.43)
 0.81 
(1.00)
 2.94 
JMOSX  0.34 (0.01)(0.05) 0.03  0.45 
(0.36)
 0.72 
(0.72)
 2.32 
JMOIX  0.34 (0.01)(0.05) 0.03  0.45 
(0.37)
 0.72 
(0.72)
 2.38 
JMOAX  0.33  0.00 (0.07) 0.00  0.44 
(0.38)
 0.73 
(0.72)
 2.40 
JMOCX  0.34 (0.01)(0.05) 0.02  0.44 
(0.38)
 0.67 
(0.74)
 2.29 
JSPMX  0.34 (0.01)(0.05) 0.03  0.44 
(0.37)
 0.66 
(0.73)
 2.31 
JCAAX  0.25  0.00 (0.08) 0.03  0.30 
(0.27)
 0.55 
(0.54)
 1.64 
JCACX  0.26  0.00 (0.07) 0.03  0.31 
(0.29)
 0.56 
(0.49)
 1.68 
JCASX  0.26  0.00 (0.06) 0.04  0.28 
(0.29)
 0.54 
(0.48)
 1.49 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY