Janus Investment Fund Market Value
| JNMXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Janus |
Please note, there is a significant difference between Janus Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Janus Investment '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 Investment's money market 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 Investment.
| 03/04/2024 |
| 06/02/2024 |
If you would invest 0.00 in Janus Investment on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding Janus Investment or generate 0.0% return on investment in Janus Investment over 90 days. Janus Investment is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Janus Investment is entity of United States More
Janus Investment 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 Investment's money market 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 Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 1.01 |
Janus Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Investment's standard deviation. In reality, there are many statistical measures that can use Janus Investment historical prices to predict the future Janus Investment's volatility.| Risk Adjusted Performance | 0.0367 | |||
| Jensen Alpha | 0.0061 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Investment'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 Investment Backtested Returns
We consider Janus Investment not too volatile. Janus Investment holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Janus Investment, which you can use to evaluate the volatility of the entity. Please check out Janus Investment's Market Risk Adjusted Performance of (0.22), risk adjusted performance of 0.0367, and Standard Deviation of 0.1243 to validate if the risk estimate we provide is consistent with the expected return of 0.016%. The fund retains a Market Volatility (i.e., Beta) of -0.0228, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Janus Investment are expected to decrease at a much lower rate. During the bear market, Janus Investment is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Janus Investment has no correlation between past and present. Overlapping area represents the amount of predictability between Janus Investment time series from 4th of March 2024 to 18th of April 2024 and 18th of April 2024 to 2nd of June 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 Investment price movement. The serial correlation of 0.0 indicates that just 0.0% of current Janus Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Janus Investment lagged returns against current returns
Autocorrelation, which is Janus Investment money market 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 Investment's money market fund expected returns. We can calculate the autocorrelation of Janus Investment returns to help us make a trade decision. For example, suppose you find that Janus Investment has exhibited high autocorrelation historically, and you observe that the money market 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 Investment 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 Investment money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Investment money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Janus Investment money market fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Investment Lagged Returns
When evaluating Janus Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Investment money market fund have on its future price. Janus Investment 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 Investment autocorrelation shows the relationship between Janus Investment money market fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Investment.
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.Check out Janus Investment Correlation, Janus Investment Volatility and Janus Investment Alpha and Beta module to complement your research on Janus Investment. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Janus Investment technical money market 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.