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Correlation Between American Funds and Janus Henderson

Analyzing existing cross correlation between American Funds Global Growth Po and Janus Henderson Global Select F. You can compare the effects of market volatilities on American Funds and Janus Henderson and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in American Funds with a short position of Janus Henderson. Check out your portfolio center. Please also check ongoing floating volatility patterns of American Funds and Janus Henderson.

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Diversification Opportunities for American Funds and Janus Henderson

American Funds Global Growth P diversification synergy
0.25
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JOR

Modest diversification

The 3 months correlation between American and Janus is 0.25. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Global Growth P and Janus Henderson Global Select in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Janus Henderson Global and American Funds is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on American Funds Global Growth Po are associated (or correlated) with Janus Henderson. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Janus Henderson Global has no effect on the direction of American Funds i.e. American Funds and Janus Henderson go up and down completely randomly.

Pair Corralation between American Funds and Janus Henderson

Assuming 30 trading days horizon, American Funds Global Growth Po is expected to generate 0.65 times more return on investment than Janus Henderson. However, American Funds Global Growth Po is 1.53 times less risky than Janus Henderson. It trades about 0.01 of its potential returns per unit of risk. Janus Henderson Global Select F is currently generating about -0.09 per unit of risk. If you would invest  1,783  in American Funds Global Growth Po on January 26, 2020 and sell it today you would earn a total of  9.00  from holding American Funds Global Growth Po or generate 0.5% return on investment over 30 days.
Time Period3 Months [change]
DirectionMoves Together 
StrengthVery Weak
Accuracy98.36%
ValuesDaily Returns

American Funds Global Growth P  vs.  Janus Henderson Global Select

 Performance (%) 
    
  Timeline 
American Funds Global 
00

Risk-Adjusted Fund Performance

Over the last 30 days American Funds Global Growth Po has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, American Funds is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Janus Henderson Global 
00

Risk-Adjusted Fund Performance

Over the last 30 days Janus Henderson Global Select F has generated negative risk-adjusted returns adding no value to fund investors. Inspite latest weak performance, the Fund's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the fund investors.

American Funds and Janus Henderson Volatility Contrast

 Predicted Return Density 
    
  Returns 
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