Janus Balanced Correlations

JDBAX Fund

USD 45.25 0.40 0.89%

The current 90-days correlation between Janus Balanced and Janus Forty Fund is 0.98 (i.e., Almost no diversification). The correlation of Janus Balanced 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 Balanced Correlation With Market

Almost no diversification

The correlation between Janus Balanced Fund and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Balanced 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 Balanced 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 nation.

Moving together with JANUS Mutual Fund

0.98	JRAAX	Janus Research	Pair Corr
0.98	JRAIX	Janus Research	Pair Corr
0.98	JRANX	Janus Research	Pair Corr
0.98	JRASX	Janus Research	Pair Corr
0.98	JAAGX	Enterprise Portfolio	Pair Corr
1.0	JABCX	Janus Balanced	Pair Corr
0.99	JRSAX	Intech Managed Volatility	Pair Corr
0.99	JRSIX	Intech Managed Volatility	Pair Corr
0.99	JRSNX	Intech Managed Volatility	Pair Corr
0.99	JRSSX	Intech Managed Volatility	Pair Corr
1.0	JABNX	Janus Balanced	Pair Corr
1.0	JABRX	Janus Balanced	Pair Corr
0.99	JACAX	Forty Portfolio Inst	Pair Corr
0.99	JACCX	Janus Forty Fund	Pair Corr
0.98	JAGTX	Janus Global Technology	Pair Corr
0.94	JAGLX	Janus Global Life	Pair Corr
0.89	JAHYX	Janus High Yield	Pair Corr
0.98	JAMRX	Janus Research	Pair Corr
0.63	JAOSX	Janus Overseas	Pair Corr
0.99	JARTX	Janus Forty Fund	Pair Corr
0.98	JATNX	Janus Henderson Global	Pair Corr
0.97	JATTX	Janus Triton	Pair Corr
0.97	JAVTX	Janus Venture	Pair Corr
0.99	JAWWX	Janus Global Research	Pair Corr
0.96	JSPMX	Janus Global Allocation	Pair Corr
0.94	JSPCX	Janus Global Allocation	Pair Corr
0.96	JSPGX	Janus Global Allocation	Pair Corr
0.98	JSVAX	Janus Contrarian	Pair Corr
0.95	JCAAX	Janus Global Allocation	Pair Corr
0.99	JCAPX	Janus Forty Fund	Pair Corr
0.95	JCASX	Janus Global Allocation	Pair Corr
0.98	JCNAX	Janus Contrarian	Pair Corr
0.98	JCONX	Janus Contrarian	Pair Corr
0.99	JDCAX	Janus Forty Fund	Pair Corr
0.89	JDHYX	Janus High Yield	Pair Corr

Moving against JANUS Mutual Fund

0.61

JASBX

Janus Short Term

Pair Corr

Related Correlations Analysis

	JDCAX	JDFAX	JDMAX	JABCX	JGMAX
JDCAX		-0.34	0.98	0.99	0.99	JDCAX
JDFAX	-0.34		-0.32	-0.24	-0.35	JDFAX
JDMAX	0.98	-0.32		0.98	0.99	JDMAX
JABCX	0.99	-0.24	0.98		0.98	JABCX
JGMAX	0.99	-0.35	0.99	0.98		JGMAX
	JDCAX	JDFAX	JDMAX	JABCX	JGMAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

JABCX	+ 0.99	JDCAX
JGMAX	+ 0.99	JDCAX
JGMAX	+ 0.99	JDMAX
JDMAX	+ 0.98	JDCAX
JABCX	+ 0.98	JDMAX
JGMAX	+ 0.98	JABCX

High negative correlations

JGMAX	- 0.35	JDFAX
JDFAX	- 0.34	JDCAX
JDMAX	- 0.32	JDFAX
JABCX	- 0.24	JDFAX

Risk-Adjusted Indicators

There is a big difference between JANUS Mutual Fund performing well and Janus Balanced 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 Balanced'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
JDCAX	1.49	0.05	0.00	(0.07)	0.00	0.00	2.37	(3.36)	14.84
JDFAX	0.29	0.02	0.32	(5.05)	0.33	(0.31)	0.55	(0.54)	2.03
JDMAX	1.17	(0.02)	0.00	(0.14)	0.00	0.00	1.92	(2.44)	12.48
JABCX	0.81	0.03	0.00	(0.07)	0.00	0.00	1.31	(1.73)	8.27
JGMAX	1.32	0.00	0.00	(0.11)	0.00	0.00	2.18	(2.76)	12.47

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC