Correlation Between Janus Growth and Intech Managed

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Can any of the company-specific risk be diversified away by investing in both Janus Growth and Intech Managed at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Janus Growth and Intech Managed into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Janus Growth And and Intech Managed Volatility, you can compare the effects of market volatilities on Janus Growth and Intech Managed and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Janus Growth with a short position of Intech Managed. Check out your portfolio center. Please also check ongoing floating volatility patterns of Janus Growth and Intech Managed.

Diversification Opportunities for Janus Growth and Intech Managed

0.98
  Correlation Coefficient

Almost no diversification

The 3 months correlation between Janus and Intech is 0.98. Overlapping area represents the amount of risk that can be diversified away by holding Janus Growth And and Intech Managed Volatility in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intech Managed Volatility and Janus Growth is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Janus Growth And are associated (or correlated) with Intech Managed. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intech Managed Volatility has no effect on the direction of Janus Growth i.e., Janus Growth and Intech Managed go up and down completely randomly.

Pair Corralation between Janus Growth and Intech Managed

Assuming the 90 days horizon Janus Growth And is expected to generate 1.18 times more return on investment than Intech Managed. However, Janus Growth is 1.18 times more volatile than Intech Managed Volatility. It trades about 0.28 of its potential returns per unit of risk. Intech Managed Volatility is currently generating about 0.24 per unit of risk. If you would invest  6,776  in Janus Growth And on May 2, 2025 and sell it today you would earn a total of  937.00  from holding Janus Growth And or generate 13.83% return on investment over 90 days.
Time Period3 Months [change]
DirectionMoves Together 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Janus Growth And  vs.  Intech Managed Volatility

 Performance 
       Timeline  
Janus Growth And 

Risk-Adjusted Performance

Solid

 
Weak
 
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Janus Growth And are ranked lower than 22 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward indicators, Janus Growth showed solid returns over the last few months and may actually be approaching a breakup point.
Intech Managed Volatility 

Risk-Adjusted Performance

Solid

 
Weak
 
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Intech Managed Volatility are ranked lower than 18 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak fundamental indicators, Intech Managed may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Janus Growth and Intech Managed Volatility Contrast

   Predicted Return Density   
       Returns  

Pair Trading with Janus Growth and Intech Managed

The main advantage of trading using opposite Janus Growth and Intech Managed positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Janus Growth position performs unexpectedly, Intech Managed can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Intech Managed will offset losses from the drop in Intech Managed's long position.
The idea behind Janus Growth And and Intech Managed Volatility pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.
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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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