Janus Multi Sector Income Fund Market Value
| JMUSX Fund | USD 8.41 0.04 0.47% |
| Symbol | Janus |
Janus Multi-sector '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 Multi-sector'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 Multi-sector.
| 03/16/2024 |
| 04/15/2024 |
If you would invest 0.00 in Janus Multi-sector on March 16, 2024 and sell it all today you would earn a total of 0.00 from holding Janus Multi Sector Income or generate 0.0% return on investment in Janus Multi-sector over 30 days. Janus Multi-sector is related to or competes with Janus Research, Janus Research, Janus Research, Janus Research, Janus Henderson, Janus Research, and Enterprise Portfolio. The fund pursues its investment objective by primarily investing, under normal circumstances, in a multi-sector portfoli... More
Janus Multi-sector 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 Multi-sector'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 Multi Sector Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3677 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.88 | |||
| Value At Risk | (0.59) | |||
| Potential Upside | 0.3567 |
Janus Multi-sector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Multi-sector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Multi-sector's standard deviation. In reality, there are many statistical measures that can use Janus Multi-sector historical prices to predict the future Janus Multi-sector's volatility.| Risk Adjusted Performance | 0.0054 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Multi-sector'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 Multi Sector Backtested Returns
Janus Multi Sector holds Efficiency (Sharpe) Ratio of -0.0161, which attests that the entity had a -0.0161% return per unit of risk over the last 3 months. Janus Multi Sector exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Janus Multi-sector's Downside Deviation of 0.3677, market risk adjusted performance of (0), and Risk Adjusted Performance of 0.0054 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Janus Multi-sector's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Multi-sector is expected to be smaller as well.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Janus Multi Sector Income has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Janus Multi-sector time series from 16th of March 2024 to 31st of March 2024 and 31st of March 2024 to 15th 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 Multi Sector price movement. The serial correlation of -0.76 indicates that around 76.0% of current Janus Multi-sector price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Janus Multi Sector lagged returns against current returns
Autocorrelation, which is Janus Multi-sector 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 Multi-sector's mutual fund expected returns. We can calculate the autocorrelation of Janus Multi-sector returns to help us make a trade decision. For example, suppose you find that Janus Multi-sector 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 Multi-sector 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 Multi-sector mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Multi-sector 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 Multi-sector mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Multi-sector Lagged Returns
When evaluating Janus Multi-sector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Multi-sector mutual fund have on its future price. Janus Multi-sector 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 Multi-sector autocorrelation shows the relationship between Janus Multi-sector mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Multi Sector Income.
Regressed Prices |
| Timeline |
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Janus Multi-sector 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.