Janus Henderson Correlations

JATNX Fund

USD 65.28 0.05 0.08%

The current 90-days correlation between Janus Henderson Global and Jpmorgan Small Cap is 0.95 (i.e., Almost no diversification). The correlation of Janus Henderson 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 Henderson Correlation With Market

Very poor diversification

The correlation between Janus Henderson Global and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Henderson Global 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 Henderson Global. 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 board of governors.

Moving together with Janus Mutual Fund

0.72	VEEA	Veea Inc Symbol Change	Pair Corr
0.65	DVLT	Datavault AI Symbol Change	Pair Corr
0.84	DBD	Diebold Nixdorf,	Pair Corr
0.74	IPM	Intelligent Protection Symbol Change	Pair Corr
0.61	OUSTZ	Ouster, Warrants	Pair Corr
0.61	ZENA	ZenaTech	Pair Corr
0.85	INGM	Ingram Micro Holding	Pair Corr
0.93	KARO	Karooooo Upward Rally	Pair Corr
0.86	RUMBW	Rumble Inc Trending	Pair Corr
0.73	NVNIW	Nvni Group Limited	Pair Corr
0.8	LDTC	LeddarTech Holdings	Pair Corr
0.79	LPSN	LivePerson	Pair Corr
0.82	LSPD	Lightspeed Commerce	Pair Corr

Moving against Janus Mutual Fund

0.58	SWI	SolarWinds Corp	Pair Corr
0.57	ML	MoneyLion	Pair Corr
0.34	ENFN	Enfusion	Pair Corr
0.33	VCSA	Vacasa Inc Earnings Call This Week	Pair Corr
0.31	PN	Skycorp Solar Group	Pair Corr

Related Correlations Analysis

	JGSMX	RIFYX	SHSKX	DVFYX	HDGVX
JGSMX		0.98	0.77	0.81	0.93	JGSMX
RIFYX	0.98		0.66	0.82	0.91	RIFYX
SHSKX	0.77	0.66		0.58	0.79	SHSKX
DVFYX	0.81	0.82	0.58		0.88	DVFYX
HDGVX	0.93	0.91	0.79	0.88		HDGVX
	JGSMX	RIFYX	SHSKX	DVFYX	HDGVX

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Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Henderson 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 Henderson'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
JGSMX	1.65	(0.05)	0.00	(0.12)	0.00	0.00	2.55	(3.81)	15.11
RIFYX	2.05	0.02	0.00	(0.06)	0.00	0.00	3.25	(5.05)	17.58
SHSKX	1.03	(0.11)	0.00	(0.23)	0.00	0.00	1.73	(2.46)	7.41
DVFYX	1.17	0.03	0.05	1.79	2.01	(1.15)	2.62	(3.12)	9.98
HDGVX	0.94	0.03	0.00	(0.04)	0.00	0.00	1.79	(1.98)	9.23

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