Correlation Between Janus Research and Intech Managed
Can any of the company-specific risk be diversified away by investing in both Janus Research and Intech Managed at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Janus Research and Intech Managed into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Janus Research Fund and Intech Managed Volatility, you can compare the effects of market volatilities on Janus Research and Intech Managed and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Janus Research with a short position of Intech Managed. Check out your portfolio center. Please also check ongoing floating volatility patterns of Janus Research and Intech Managed.
Diversification Opportunities for Janus Research and Intech Managed
0.99 | Correlation Coefficient |
No risk reduction
The 3 months correlation between Janus and Intech is 0.99. Overlapping area represents the amount of risk that can be diversified away by holding Janus Research Fund and Intech Managed Volatility in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intech Managed Volatility and Janus Research is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Janus Research Fund are associated (or correlated) with Intech Managed. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intech Managed Volatility has no effect on the direction of Janus Research i.e., Janus Research and Intech Managed go up and down completely randomly.
Pair Corralation between Janus Research and Intech Managed
Assuming the 90 days horizon Janus Research Fund is expected to generate 1.39 times more return on investment than Intech Managed. However, Janus Research is 1.39 times more volatile than Intech Managed Volatility. It trades about 0.44 of its potential returns per unit of risk. Intech Managed Volatility is currently generating about 0.37 per unit of risk. If you would invest 7,089 in Janus Research Fund on April 21, 2025 and sell it today you would earn a total of 2,328 from holding Janus Research Fund or generate 32.84% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Janus Research Fund vs. Intech Managed Volatility
Performance |
| Timeline |
| Janus Research |
| Intech Managed Volatility |
Janus Research and Intech Managed Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Janus Research and Intech Managed
The main advantage of trading using opposite Janus Research and Intech Managed positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Janus Research position performs unexpectedly, Intech Managed can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Intech Managed will offset losses from the drop in Intech Managed's long position.| Janus Research vs. Janus Forty Fund | Janus Research vs. Janus Global Life | Janus Research vs. Janus Venture Fund | Janus Research vs. Janus Research Fund |
| Intech Managed vs. Intech Managed Volatility | Intech Managed vs. Janus Flexible Bond | Intech Managed vs. Intech Managed Volatility | Intech Managed vs. Janus High Yield Fund |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Other Complementary Tools
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |