Janus Triton Correlations

Mutual Funds . USA . 
Fund . Janus Triton Fund
JGMNX Fund  USD 27.72  0.30  1.09%   
The current 90-days correlation between Janus Triton and Janus Enterprise Fund is -0.19 (i.e., Good diversification). The correlation of Janus Triton 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 Triton Correlation With Market

Good diversification

The correlation between Janus Triton Fund and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Triton Fund 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 Triton Fund. 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 board of governors.

Moving together with Janus Mutual Fund

  0.95JRAAX Janus ResearchPairCorr
  0.94JRACX Janus ResearchPairCorr
  0.89JRAIX Janus ResearchPairCorr
  0.95JRANX Janus ResearchPairCorr
  0.89JRARX Janus Henderson ResearchPairCorr
  0.89JRASX Janus ResearchPairCorr
  0.99JAAGX Enterprise PortfolioPairCorr
  0.97JABAX Janus BalancedPairCorr
  0.91JABCX Janus BalancedPairCorr
  0.98JRSAX Intech Managed VolatilityPairCorr
  0.91JRSDX Intech Managed VolatilityPairCorr
  0.91JRSCX Intech Managed VolatilityPairCorr
  0.98JRSIX Intech Managed VolatilityPairCorr
  0.91JRSNX Intech Managed VolatilityPairCorr
  0.98JRSSX Intech Managed VolatilityPairCorr
  0.9JRSTX Intech Managed VolatilityPairCorr
  0.91JACNX Janus ContrarianPairCorr
  0.9JACTX Janus Forty FundPairCorr
  0.97JADGX Janus Growth AndPairCorr
  0.91JABLX Balanced PortfolioPairCorr
  0.91JABNX Janus BalancedPairCorr
  0.97JABRX Janus BalancedPairCorr
  0.97JACAX Forty Portfolio InstPairCorr
  0.97JACCX Janus Forty FundPairCorr
  0.92JAENX Janus EnterprisePairCorr
  0.89JAGRX Research PortfolioPairCorr
  0.88JAGTX Janus Global TechnologyPairCorr
  0.94JAGCX Janus Global TechnologyPairCorr
  0.97JAGIX Janus Growth AndPairCorr
  0.94JAHYX Janus High YieldPairCorr
  0.93JAIGX Overseas PortfolioPairCorr
  0.91JANBX Janus BalancedPairCorr
  0.92JANEX Janus EnterprisePairCorr
  0.93JANIX Janus TritonPairCorr
  0.97JANRX Janus Global SelectPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Triton 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 Triton'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.

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