Janus Henderson Global Fund Market Value
| JDWNX Fund | USD 104.42 1.02 0.97% |
| Symbol | Janus |
Janus Henderson '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 Henderson'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 Henderson.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Janus Henderson on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Janus Henderson Global or generate 0.0% return on investment in Janus Henderson over 720 days. Janus Henderson is related to or competes with Janus Research, Janus Research, Janus Research, Janus Henderson, Janus Research, Enterprise Portfolio, and Janus Balanced. The fund pursues its investment objective by investing primarily in common stocks selected for their growth potential More
Janus Henderson 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 Henderson'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 Henderson Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6724 | |||
| Information Ratio | 0.1105 | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.28 |
Janus Henderson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Henderson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Henderson's standard deviation. In reality, there are many statistical measures that can use Janus Henderson historical prices to predict the future Janus Henderson's volatility.| Risk Adjusted Performance | 0.1243 | |||
| Jensen Alpha | 0.0827 | |||
| Total Risk Alpha | 0.0721 | |||
| Sortino Ratio | 0.1205 | |||
| Treynor Ratio | 0.1381 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Henderson's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Janus Henderson Global Backtested Returns
We consider Janus Henderson very steady. Janus Henderson Global holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Janus Henderson Global, which you can use to evaluate the volatility of the entity. Please check out Janus Henderson's Risk Adjusted Performance of 0.1243, downside deviation of 0.6724, and Market Risk Adjusted Performance of 0.1481 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 0.97, which attests to possible diversification benefits within a given portfolio. Janus Henderson returns are very sensitive to returns on the market. As the market goes up or down, Janus Henderson is expected to follow.
Auto-correlation | 0.59 |
Modest predictability
Janus Henderson Global has modest predictability. Overlapping area represents the amount of predictability between Janus Henderson time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th of April 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 Henderson Global price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Janus Henderson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 58.89 |
Janus Henderson Global lagged returns against current returns
Autocorrelation, which is Janus Henderson 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 Henderson's mutual fund expected returns. We can calculate the autocorrelation of Janus Henderson returns to help us make a trade decision. For example, suppose you find that Janus Henderson 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 Henderson 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 Henderson mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Henderson 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 Henderson mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Henderson Lagged Returns
When evaluating Janus Henderson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Henderson mutual fund have on its future price. Janus Henderson 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 Henderson autocorrelation shows the relationship between Janus Henderson mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Henderson Global.
Regressed Prices |
| Timeline |
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Janus Henderson technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.