Flexible Bond Correlations
| JAFLX Fund | USD 9.72 0.04 0.41% |
The current 90-days correlation between Flexible Bond Portfolio and Global Diversified Income is 0.68 (i.e., Poor diversification). The correlation of Flexible Bond 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.
Flexible Bond Correlation With Market
Average diversification
The correlation between Flexible Bond Portfolio and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flexible Bond Portfolio and DJI in the same portfolio, assuming nothing else is changed.
Flexible |
Moving together with Flexible Mutual Fund
| 0.91 | JADFX | Janus Flexible Bond | PairCorr |
| 0.9 | JAFIX | Janus Flexible Bond | PairCorr |
| 0.71 | JAGLX | Janus Global Life | PairCorr |
| 0.87 | JANFX | Janus Flexible Bond | PairCorr |
Moving against Flexible Mutual Fund
| 0.54 | JRANX | Janus Research | PairCorr |
| 0.53 | JRAAX | Janus Research | PairCorr |
| 0.49 | JRAIX | Janus Research | PairCorr |
| 0.48 | JRARX | Janus Henderson Research | PairCorr |
| 0.48 | JRASX | Janus Research | PairCorr |
| 0.44 | JRACX | Janus Research | PairCorr |
| 0.42 | JRSSX | Intech Managed Volatility | PairCorr |
| 0.41 | JRSTX | Intech Managed Volatility | PairCorr |
| 0.37 | JRSDX | Intech Managed Volatility | PairCorr |
| 0.37 | JRSNX | Intech Managed Volatility | PairCorr |
| 0.34 | JRSCX | Intech Managed Volatility | PairCorr |
| 0.66 | JAGRX | Research Portfolio | PairCorr |
| 0.52 | JACAX | Forty Portfolio Inst | PairCorr |
| 0.55 | JAMRX | Janus Research | PairCorr |
Related Correlations Analysis
| 0.77 | 0.74 | 0.75 | 0.82 | -0.41 | PGBAX | ||
| 0.77 | 0.98 | 0.95 | 0.71 | -0.02 | WCAFX | ||
| 0.74 | 0.98 | 0.96 | 0.72 | 0.07 | CFAIX | ||
| 0.75 | 0.95 | 0.96 | 0.77 | 0.11 | BICPX | ||
| 0.82 | 0.71 | 0.72 | 0.77 | -0.09 | DTICX | ||
| -0.41 | -0.02 | 0.07 | 0.11 | -0.09 | SRDAX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Flexible Mutual Fund performing well and Flexible Bond 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 Flexible Bond'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PGBAX | 0.14 | (0.03) | 0.00 | (1.00) | 0.00 | 0.25 | 1.00 | |||
| WCAFX | 0.25 | (0.05) | 0.00 | (0.15) | 0.00 | 0.46 | 1.36 | |||
| CFAIX | 0.26 | (0.04) | 0.00 | (0.14) | 0.00 | 0.44 | 1.26 | |||
| BICPX | 0.18 | (0.02) | 0.00 | (0.17) | 0.00 | 0.44 | 1.30 | |||
| DTICX | 0.06 | (0.01) | 0.00 | (0.71) | 0.00 | 0.13 | 0.51 | |||
| SRDAX | 0.20 | 0.04 | 0.06 | 5.12 | 0.12 | 0.44 | 1.36 |