Janus Global Correlations

JNGTX Fund

USD 69.29 0.57 0.83%

The current 90-days correlation between Janus Global Technology and Qs Small Capitalization is -0.15 (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 Technology and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Technology 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 Technology. 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 estimate.

Moving together with Janus Mutual Fund

0.73	VVPR	VivoPower International	Pair Corr
0.98	DBD	Diebold Nixdorf,	Pair Corr
0.69	GTM	ZoomInfo Technologies Symbol Change	Pair Corr
0.67	OUSTZ	Ouster, Warrants	Pair Corr
0.64	MIND	Mind Technology Trending	Pair Corr
0.91	HPE-PC	Hewlett Packard Ente	Pair Corr
0.97	CORZZ	Core Scientific, Tranche Trending	Pair Corr
0.76	RZLVW	Rezolve AI Limited	Pair Corr
0.93	STRF	MicroStrategy Incorporated	Pair Corr
1.0	JRAAX	Janus Research	Pair Corr
1.0	JRACX	Janus Research	Pair Corr
0.97	JRAIX	Janus Research	Pair Corr
1.0	JRANX	Janus Research	Pair Corr

Moving against Janus Mutual Fund

0.7	VSTE	Vast Renewables	Pair Corr
0.66	VISL	Vislink Technologies	Pair Corr
0.65	APCXW	AppTech Payments Corp	Pair Corr
0.62	EXOD	Exodus Movement,	Pair Corr
0.83	SMTK	SmartKem, Common Stock	Pair Corr
0.81	HPAIW	Helport AI Limited	Pair Corr
0.79	SLNHP	Soluna Holdings Preferred	Pair Corr
0.77	APCX	Apptech Corp	Pair Corr
0.64	NOVA	Sunnova Energy Inter	Pair Corr
0.59	ODYS	Odysightai Common Stock	Pair Corr

Related Correlations Analysis

	LMBMX	HRSCX	SECAX	CIPNX	DFUKX	ANTMX	ARTSX	QUAZX
LMBMX		0.93	0.98	0.96	0.91	0.91	0.86	0.94	LMBMX
HRSCX	0.93		0.93	0.9	0.87	0.88	0.97	0.99	HRSCX
SECAX	0.98	0.93		0.97	0.84	0.85	0.89	0.93	SECAX
CIPNX	0.96	0.9	0.97		0.84	0.84	0.85	0.92	CIPNX
DFUKX	0.91	0.87	0.84	0.84		0.99	0.76	0.91	DFUKX
ANTMX	0.91	0.88	0.85	0.84	0.99		0.79	0.92	ANTMX
ARTSX	0.86	0.97	0.89	0.85	0.76	0.79		0.95	ARTSX
QUAZX	0.94	0.99	0.93	0.92	0.91	0.92	0.95		QUAZX
	LMBMX	HRSCX	SECAX	CIPNX	DFUKX	ANTMX	ARTSX	QUAZX

Click cells to compare fundamentals

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LMBMX	1.22	0.07	0.04	0.10	1.84	(1.24)	2.46	(2.54)	12.48
HRSCX	1.41	0.10	0.03	(0.63)	2.10	(1.51)	2.91	(3.01)	14.80
SECAX	1.17	0.03	0.01	0.06	1.85	(1.27)	2.43	(2.74)	12.34
CIPNX	1.23	0.01	0.01	0.04	1.73	(1.32)	2.30	(2.85)	12.79
DFUKX	0.79	0.22	0.10	5.35	1.43	(0.78)	1.69	(1.62)	7.80
ANTMX	0.89	0.21	0.09	3.13	1.54	(0.97)	1.59	(1.43)	8.39
ARTSX	1.44	0.04	0.00	(0.20)	2.15	(1.49)	2.98	(3.13)	15.39
QUAZX	1.46	0.14	0.04	(1.04)	2.14	(1.48)	2.92	(3.21)	15.29

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