Janus Growth And Fund Market Value
| JDNAX Fund | USD 70.85 0.73 1.04% |
| Symbol | Janus |
Janus Growth '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 Growth'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 Growth.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Janus Growth on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Janus Growth And or generate 0.0% return on investment in Janus Growth over 720 days. Janus Growth is related to or competes with Janus Enterprise, Siit Dynamic, Columbia Large, Siit Large, and Nationwide. The fund pursues its investment objective by normally investing in dividend-paying common stocks with strong growth pote... More
Janus Growth 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 Growth'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 Growth And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7012 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.16 |
Janus Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Growth's standard deviation. In reality, there are many statistical measures that can use Janus Growth historical prices to predict the future Janus Growth's volatility.| Risk Adjusted Performance | 0.0269 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0194 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Growth'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 Growth And Backtested Returns
We consider Janus Growth very steady. Janus Growth And holds Efficiency (Sharpe) Ratio of 0.0033, which attests that the entity had a 0.0033% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Janus Growth And, which you can use to evaluate the volatility of the entity. Please check out Janus Growth's Risk Adjusted Performance of 0.0269, downside deviation of 0.7012, and Market Risk Adjusted Performance of 0.0294 to validate if the risk estimate we provide is consistent with the expected return of 0.0022%. The fund retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Janus Growth returns are very sensitive to returns on the market. As the market goes up or down, Janus Growth is expected to follow.
Auto-correlation | 0.56 |
Modest predictability
Janus Growth And has modest predictability. Overlapping area represents the amount of predictability between Janus Growth time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 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 Growth And price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Janus Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 14.6 |
Janus Growth And lagged returns against current returns
Autocorrelation, which is Janus Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Janus Growth returns to help us make a trade decision. For example, suppose you find that Janus Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Growth Lagged Returns
When evaluating Janus Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Growth mutual fund have on its future price. Janus Growth 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 Growth autocorrelation shows the relationship between Janus Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Growth And.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Janus Growth in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Janus Growth's short interest history, or implied volatility extrapolated from Janus Growth options trading.
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Try AI Portfolio ArchitectCheck out Janus Growth Correlation, Janus Growth Volatility and Janus Growth Alpha and Beta module to complement your research on Janus Growth. Note that the Janus Growth And information on this page should be used as a complementary analysis to other Janus Growth's statistical models used 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Janus Growth technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.