Janus Triton Correlations

Mutual Funds . USA . 
Fund . Janus Triton Fund
JGMRX Fund  USD 22.02  0.08  0.36%   
The current 90-days correlation between Janus Triton and Victory Sycamore Established is 0.96 (i.e., Almost no diversification). The correlation of Janus Triton 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 Triton Correlation With Market

Almost no diversification

The correlation between Janus Triton Fund and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Triton 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 Triton 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 metropolitan statistical area.

Moving together with Janus Mutual Fund

  0.98JRSAX Intech Managed Volatility Potential GrowthPairCorr
  0.98JRSCX Intech Managed VolatilityPairCorr
  0.98JRSIX Intech Managed Volatility Potential GrowthPairCorr
  0.98JRSSX Intech Managed VolatilityPairCorr
  0.96JADGX Janus Growth AndPairCorr
  0.88JAGTX Janus Global TechnologyPairCorr
  0.84JAIGX Overseas PortfolioPairCorr
  0.99JCNAX Janus ContrarianPairCorr
  0.96JDBAX Janus BalancedPairCorr
  0.97JDCRX Janus Forty FundPairCorr
  0.93JDHYX Janus High YieldPairCorr
  0.99JDMAX Janus EnterprisePairCorr
  0.99JDMNX Janus EnterprisePairCorr
  0.96JDNAX Janus Growth AndPairCorr
  0.83JERIX Janus Global RealPairCorr
  0.97JFRNX Janus Forty FundPairCorr
  1.0JGMNX Janus TritonPairCorr
  0.88JGLTX Global TechnologyPairCorr
  1.0JGMAX Janus TritonPairCorr
  0.95JISCX Perkins Small CapPairCorr
  0.97JMVAX Perkins Mid CapPairCorr
  0.88JNGTX Janus Global TechnologyPairCorr
  0.99VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.99VEXPX Vanguard ExplorerPairCorr
  0.99VEXRX Vanguard ExplorerPairCorr
  1.0JGMIX Janus TritonPairCorr
  1.0JGMCX Janus TritonPairCorr
  0.81LSHUX Horizon Spin OffPairCorr
  0.8KNPYX Kinetics ParadigmPairCorr
  0.8WWNPX Kinetics ParadigmPairCorr
  0.8KNPAX Kinetics ParadigmPairCorr
  0.81LSHEX Kinetics Spin OffPairCorr
  0.81LSHAX Horizon Spin OffPairCorr
  0.81KNPCX Kinetics ParadigmPairCorr

Moving against Janus Mutual Fund

  0.45NMMRF Nomura Real EstatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Triton 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 Triton'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.

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