Janus Research Fund Market Value
| JRACX Fund | USD 73.90 0.84 1.15% |
| Symbol | Janus |
Janus Research 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Janus Research's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Janus Research.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Janus Research on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Janus Research Fund or generate 0.0% return on investment in Janus Research over 30 days. Janus Research is related to or competes with Janus Enterprise, Janus Research, Perkins Mid, Janus Forty, and Janus Research. The fund pursues its investment objective by investing primarily in common stocks selected for their growth potential More
Janus Research Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Janus Research's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Janus Research Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.53 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 1.64 |
Janus Research Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Research's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Research's standard deviation. In reality, there are many statistical measures that can use Janus Research historical prices to predict the future Janus Research's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | 0.0123 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.111 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Research's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Janus Research Backtested Returns
At this stage we consider Janus Mutual Fund to be very steady. Janus Research holds Efficiency (Sharpe) Ratio of 0.0302, which attests that the entity had a 0.0302% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Janus Research, which you can use to evaluate the volatility of the entity. Please check out Janus Research's Risk Adjusted Performance of 0.0204, downside deviation of 1.7, and Market Risk Adjusted Performance of 0.121 to validate if the risk estimate we provide is consistent with the expected return of 0.0366%. The fund retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Janus Research's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Research is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Janus Research Fund has below average predictability. Overlapping area represents the amount of predictability between Janus Research time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Janus Research price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Janus Research price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Janus Research lagged returns against current returns
Autocorrelation, which is Janus Research mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Janus Research's mutual fund expected returns. We can calculate the autocorrelation of Janus Research returns to help us make a trade decision. For example, suppose you find that Janus Research has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Janus Research regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Janus Research mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Research mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Janus Research mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Research Lagged Returns
When evaluating Janus Research's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Research mutual fund have on its future price. Janus Research autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Janus Research autocorrelation shows the relationship between Janus Research mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Research Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Janus Mutual Fund
Janus Research financial ratios help investors to determine whether Janus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Janus with respect to the benefits of owning Janus Research security.
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