JANUS ASIA Correlations
| JAQTX Fund | USD 9.16 0.11 1.22% |
The correlation of JANUS ASIA is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JANUS ASIA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JANUS ASIA EQUITY moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JANUS ASIA EQUITY. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in non-hispanic. JANUS |
The ability to find closely correlated positions to JANUS ASIA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JANUS ASIA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JANUS ASIA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JANUS ASIA EQUITY to buy it.
Moving together with JANUS Mutual Fund
| + | 0.91 | MAPTX | MATTHEWS PACIFIC TIGER | PairCorr | ||
| + | 0.91 | MIPTX | MATTHEWS PACIFIC TIGER | PairCorr | ||
| + | 0.98 | PRASX | T ROWE PRICE | PairCorr | ||
| + | 0.98 | PNSIX | T ROWE PRICE | PairCorr | ||
| + | 0.98 | TRZNX | T Rowe Price | PairCorr | ||
| + | 0.91 | MITEX | MATTHEWS ASIA INNOVATORS | PairCorr | ||
| + | 0.89 | FSEAX | FIDELITY EMERGING ASIA | PairCorr | ||
| + | 0.89 | FIQPX | FIDELITY ADVISOR EMERGING | PairCorr | ||
| + | 0.98 | MICSX | MATTHEWS ASIAN GROWTH | PairCorr | ||
| + | 0.98 | MACSX | MATTHEWS ASIAN GROWTH | PairCorr | ||
| + | 0.8 | GPBFX | GMO CORE PLUS | PairCorr | ||
| + | 0.62 | PQTNX | PIMCO TRENDS Managed | PairCorr | ||
| + | 0.62 | PQTIX | Aa Pimco Tr | PairCorr | ||
| + | 0.63 | PQTAX | PIMCO TRENDS Managed | PairCorr |
Moving against JANUS Mutual Fund
Related Correlations Analysis
GE | AQUI | MSTSX | XTWO | KNG | KNF | ||
GE | 0.21 | 0.4 | 0.56 | 0.43 | 0.45 | GE | |
AQUI | 0.21 | 0.21 | -0.09 | 0.23 | -0.13 | AQUI | |
MSTSX | 0.4 | 0.21 | 0.19 | 0.93 | -0.33 | MSTSX | |
XTWO | 0.56 | -0.09 | 0.19 | 0.07 | 0.65 | XTWO | |
KNG | 0.43 | 0.23 | 0.93 | 0.07 | -0.31 | KNG | |
KNF | 0.45 | -0.13 | -0.33 | 0.65 | -0.31 | KNF | |
GE | AQUI | MSTSX | XTWO | KNG | KNF |
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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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between JANUS Mutual Fund performing well and JANUS ASIA 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 ASIA'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 | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| GE | 1.01 | 0.10 | 0.09 | 0.08 | 1.02 | 0.08 | (1.17) | 2.03 | (1.62) | 8.57 |
| AQUI | 0.14 | (0.01) | 0.00 | 0.36 | 0.00 | 0.0122 | 0.00 | 0.00 | 0.00 | 9.31 |
| MSTSX | 0.51 | (0.01) | 0.00 | (0.03) | 0.00 | (0.0143) | 0.00 | 1.18 | (1.08) | 2.75 |
| XTWO | 0.09 | (0.01) | 0.10 | (0.16) | 0.08 | 0.09 | (0.11) | 0.23 | (0.16) | 0.62 |
| KNG | 0.45 | (0.02) | 0.00 | (0.04) | 0.00 | (0.0345) | 0.00 | 0.86 | (1.04) | 2.42 |
| KNF | 1.90 | 0.08 | 0.03 | 0.05 | 2.45 | 0.0309 | (1.97) | 3.47 | (4.33) | 14.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in JANUS ASIA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Already Invested in JANUS ASIA EQUITY?
The danger of trading JANUS ASIA EQUITY is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of JANUS ASIA is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than JANUS ASIA. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile JANUS ASIA EQUITY is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JANUS ASIA EQUITY. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in non-hispanic. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for JANUS Mutual Fund analysis
When running JANUS ASIA's price analysis, check to measure JANUS ASIA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JANUS ASIA is operating at the current time. Most of JANUS ASIA's value examination focuses on studying past and present price action to predict the probability of JANUS ASIA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JANUS ASIA's price. Additionally, you may evaluate how the addition of JANUS ASIA to your portfolios can decrease your overall portfolio volatility.
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