Janus Forty Correlations

JACTX Fund

USD 60.74 0.05 0.08%

The current 90-days correlation between Janus Forty Fund and Janus Forty Fund is 1.0 (i.e., No risk reduction). The correlation of Janus Forty 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 Forty Correlation With Market

Very weak diversification

The correlation between Janus Forty Fund and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Forty 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 Forty 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 manufacturing.

Moving together with Janus Mutual Fund

0.96	JRAAX	Janus Research	Pair Corr
0.96	JRARX	Janus Henderson Research	Pair Corr
0.96	JABAX	Janus Balanced	Pair Corr
0.97	JABCX	Janus Balanced	Pair Corr
0.96	JABNX	Janus Balanced	Pair Corr
0.96	JABRX	Janus Balanced	Pair Corr
0.85	JAFLX	Flexible Bond Portfolio	Pair Corr
0.96	JAMRX	Janus Research	Pair Corr
0.95	JGLTX	Global Technology	Pair Corr
0.95	JNGTX	Janus Global Technology	Pair Corr
0.98	FAFGX	American Funds	Pair Corr
0.98	FFAFX	American Funds	Pair Corr
0.98	GFACX	Growth Fund	Pair Corr
0.98	GFAFX	Growth Fund	Pair Corr
0.98	AGTHX	Growth Fund	Pair Corr
0.98	CGFFX	Growth Fund	Pair Corr
0.98	CGFCX	Growth Fund	Pair Corr
0.98	CGFAX	Growth Fund	Pair Corr
0.98	CGFEX	Growth Fund	Pair Corr
0.98	RGAEX	Growth Fund	Pair Corr
0.68	NHS	Neuberger Berman High	Pair Corr
0.74	FUMBX	Fidelity Short Term	Pair Corr
0.98	USAAX	Growth Fund Growth	Pair Corr
0.91	SEDAX	Siit Emerging Markets	Pair Corr
0.69	SVPIX	Small Cap Value	Pair Corr
0.94	CPXIX	Cohen Steers Prfrd	Pair Corr
0.86	RYPNX	Royce Opportunity	Pair Corr
0.85	OBSOX	Oberweis Small Cap	Pair Corr
0.92	DMB	Bny Mellon Municipal	Pair Corr
0.67	FIUIX	Fidelity Telecom And	Pair Corr
0.85	NOINX	Northern International	Pair Corr
0.86	SEFCX	Sit International Equity	Pair Corr
0.95	PRGFX	T Rowe Price	Pair Corr

Related Correlations Analysis

	JARTX	JFRDX	JCAPX	JFRNX	TIBIX	TIBMX	TIBGX	TIBAX	TIBRX	TIBCX
JARTX		1.0	1.0	1.0	0.89	0.89	0.89	0.89	0.89	0.89	JARTX
JFRDX	1.0		1.0	1.0	0.89	0.89	0.89	0.89	0.89	0.89	JFRDX
JCAPX	1.0	1.0		1.0	0.89	0.89	0.89	0.89	0.89	0.89	JCAPX
JFRNX	1.0	1.0	1.0		0.89	0.89	0.89	0.89	0.89	0.89	JFRNX
TIBIX	0.89	0.89	0.89	0.89		1.0	1.0	1.0	1.0	1.0	TIBIX
TIBMX	0.89	0.89	0.89	0.89	1.0		1.0	1.0	1.0	1.0	TIBMX
TIBGX	0.89	0.89	0.89	0.89	1.0	1.0		1.0	1.0	1.0	TIBGX
TIBAX	0.89	0.89	0.89	0.89	1.0	1.0	1.0		1.0	1.0	TIBAX
TIBRX	0.89	0.89	0.89	0.89	1.0	1.0	1.0	1.0		1.0	TIBRX
TIBCX	0.89	0.89	0.89	0.89	1.0	1.0	1.0	1.0	1.0		TIBCX
	JARTX	JFRDX	JCAPX	JFRNX	TIBIX	TIBMX	TIBGX	TIBAX	TIBRX	TIBCX

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Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Forty 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 Forty'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
JARTX	0.71	(0.03)	(0.03)	0.06	1.08	(0.65)	1.46	(1.77)	5.79
JFRDX	0.71	(0.03)	(0.03)	0.06	1.04	(0.65)	1.46	(1.77)	5.75
JCAPX	0.71	(0.03)	(0.03)	0.06	1.06	(0.65)	1.47	(1.77)	5.78
JFRNX	0.71	(0.03)	(0.03)	0.06	1.06	(0.65)	1.47	(1.77)	5.78
TIBIX	0.32	0.03	(0.07)	0.16	0.26	(0.36)	0.74	(0.49)	2.41
TIBMX	0.32	0.03	(0.07)	0.15	0.27	(0.36)	0.74	(0.49)	2.38
TIBGX	0.32	0.02	(0.07)	0.15	0.27	(0.36)	0.74	(0.47)	2.33
TIBAX	0.32	0.02	(0.07)	0.15	0.26	(0.36)	0.74	(0.47)	2.33
TIBRX	0.32	0.02	(0.08)	0.15	0.27	(0.35)	0.75	(0.47)	2.23
TIBCX	0.32	0.02	(0.08)	0.15	0.26	(0.35)	0.74	(0.47)	2.17

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Janus Forty Correlations

Janus Forty Correlation With Market

Very weak diversification

Moving together with Janus Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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