Janus Global Correlations

JUCIX Fund

USD 9.10 0.01 0.11%

The current 90-days correlation between Janus Global Unconst and Wesmark Tactical Opportunity is 0.12 (i.e., Average diversification). The correlation of Janus Global 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 Global Correlation With Market

Significant diversification

The correlation between Janus Global Unconstrained and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Unconstrained 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 Global Unconstrained. 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 gross domestic product.

Moving together with Janus Mutual Fund

0.67	JRAAX	Janus Research	Pair Corr
0.67	JRAIX	Janus Research	Pair Corr
0.67	JRARX	Janus Henderson Research	Pair Corr
0.67	JRASX	Janus Research	Pair Corr
0.68	JABAX	Janus Balanced	Pair Corr
0.67	JABCX	Janus Balanced	Pair Corr
0.64	JRSAX	Intech Managed Volatility	Pair Corr
0.65	JRSDX	Intech Managed Volatility	Pair Corr
0.65	JRSIX	Intech Managed Volatility	Pair Corr
0.65	JRSNX	Intech Managed Volatility	Pair Corr
0.64	JRSSX	Intech Managed Volatility	Pair Corr
0.64	JRSTX	Intech Managed Volatility	Pair Corr
0.66	JADFX	Janus Flexible Bond	Pair Corr
0.63	JADGX	Janus Growth And	Pair Corr
0.69	JABNX	Janus Balanced	Pair Corr
0.68	JABRX	Janus Balanced	Pair Corr
0.61	JAENX	Janus Enterprise	Pair Corr
0.68	JAFIX	Janus Flexible Bond	Pair Corr
0.64	JAGIX	Janus Growth And	Pair Corr
0.93	JAGLX	Janus Global Life	Pair Corr
0.72	JAHYX	Janus High Yield	Pair Corr
0.74	JAIGX	Overseas Portfolio	Pair Corr
0.69	JANBX	Janus Balanced	Pair Corr
0.61	JANEX	Janus Enterprise	Pair Corr
0.63	JANFX	Janus Flexible Bond	Pair Corr
0.74	JANIX	Janus Triton	Pair Corr
0.64	JANRX	Janus Global Select	Pair Corr

Moving against Janus Mutual Fund

0.42

JRSCX

Intech Managed Volatility

Pair Corr

Related Correlations Analysis

	WMKTX	ATACX	BFONX	FFBFX	JLGAX	LOGSX	TRARX	FLRYX	OTPSX	PVFAX
WMKTX		0.14	0.38	-0.01	0.51	0.33	0.71	0.68	0.69	0.44	WMKTX
ATACX	0.14		-0.34	0.21	0.33	-0.64	-0.13	0.12	0.18	0.04	ATACX
BFONX	0.38	-0.34		0.15	-0.33	0.61	0.77	0.07	0.47	0.53	BFONX
FFBFX	-0.01	0.21	0.15		-0.18	-0.48	0.09	-0.12	0.03	0.72	FFBFX
JLGAX	0.51	0.33	-0.33	-0.18		-0.19	0.01	0.79	0.38	-0.11	JLGAX
LOGSX	0.33	-0.64	0.61	-0.48	-0.19		0.62	0.17	0.26	0.01	LOGSX
TRARX	0.71	-0.13	0.77	0.09	0.01	0.62		0.46	0.79	0.62	TRARX
FLRYX	0.68	0.12	0.07	-0.12	0.79	0.17	0.46		0.7	0.17	FLRYX
OTPSX	0.69	0.18	0.47	0.03	0.38	0.26	0.79	0.7		0.41	OTPSX
PVFAX	0.44	0.04	0.53	0.72	-0.11	0.01	0.62	0.17	0.41		PVFAX
	WMKTX	ATACX	BFONX	FFBFX	JLGAX	LOGSX	TRARX	FLRYX	OTPSX	PVFAX

Please upgrade your account to get full access to Macroaxis premium features

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

FLRYX	+ 0.79	JLGAX
OTPSX	+ 0.79	TRARX
TRARX	+ 0.77	BFONX
PVFAX	+ 0.72	FFBFX
TRARX	+ 0.71	WMKTX
OTPSX	+ 0.7	FLRYX

High negative correlations

LOGSX	- 0.64	ATACX
LOGSX	- 0.48	FFBFX
BFONX	- 0.34	ATACX
JLGAX	- 0.33	BFONX
LOGSX	- 0.19	JLGAX
JLGAX	- 0.18	FFBFX

Risk-Adjusted Indicators

There is a big difference between Janus Mutual Fund performing well and Janus Global 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 Global'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
WMKTX	0.46	(0.06)	0.00	(0.03)	0.00	0.00	0.83	(0.84)	5.47
ATACX	0.65	(0.09)	0.00	(0.10)	0.00	0.00	1.47	(1.49)	3.92
BFONX	1.04	0.25	0.22	0.30	0.80	(1.27)	1.86	(1.73)	14.68
FFBFX	1.23	(0.16)	0.00	(0.04)	0.00	0.00	2.49	(3.18)	7.60
JLGAX	1.35	(0.44)	0.00	(0.21)	0.00	0.00	1.83	(2.25)	27.46
LOGSX	0.62	0.17	0.19	0.36	0.47	(0.73)	1.56	(1.14)	3.83
TRARX	0.19	(0.01)	(0.16)	0.03	0.19	(0.22)	0.49	(0.33)	1.15
FLRYX	0.73	(0.12)	0.00	(0.06)	0.00	0.00	1.38	(1.55)	8.01
OTPSX	0.82	(0.04)	(0.03)	0.02	1.24	(0.78)	1.80	(2.06)	4.68
PVFAX	0.96	(0.07)	(0.04)	0.01	1.26	(1.08)	1.91	(2.07)	6.65

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