Janus Selection (Ireland) Risk Analysis And Volatility Evaluation

F0GBR06G5K -- Ireland Fund  

USD 250.92  0.84  0.34%

We consider Janus Selection unknown risk. Janus Selection Bala holds Efficiency (Sharpe) Ratio of 0.0101 which attests that Janus Selection Bala had 0.0101% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Janus Selection Bala which you can use to evaluate future volatility of the entity. Please check out Janus Selection Market Risk Adjusted Performance of 1.39 and Risk Adjusted Performance of 0.4824 to validate if risk estimate we provide are consistent with the epected return of 0.0066%.
Horizon     30 Days    Login   to change

Janus Selection Market Sensitivity

As returns on market increase, returns on owning Janus Selection are expected to decrease at a much smaller rate. During bear market, Janus Selection is likely to outperform the market.
One Month Beta |Analyze Janus Selection Bala Demand Trend
Check current 30 days Janus Selection correlation with market (DOW)
β = -0.7428
Janus Selection Almost negative betaJanus Selection Bala Beta Legend

Janus Selection Bala Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Janus Selection Projected Return Density Against Market

Assuming 30 trading days horizon, Janus Selection Balanced A USD has beta of -0.7428 suggesting as returns on benchmark increase, returns on holding Janus Selection are expected to decrease at a much smaller rate. During bear market, however, Janus Selection Balanced A USD is likely to outperform the market. Moreover, Janus Selection Balanced A USD has an alpha of 0.9306 implying that it can potentially generate 0.9306% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Janus Selection is 9853.48. The daily returns are destributed with a variance of 0.42 and standard deviation of 0.65. The mean deviation of Janus Selection Balanced A USD is currently at 0.4. For similar time horizon, the selected benchmark (DOW) has volatility of 1.02
α
Alpha over DOW
=0.93
β
Beta against DOW=0.74
σ
Overall volatility
=0.65
Ir
Information ratio =0.53

Janus Selection Return Volatility

Janus Selection Balanced A USD accepts 0.6454% volatility on return distribution over the 30 days horizon. DOW inherits 1.0479% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Janus Selection Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Janus Selection Investment Opportunity

DOW has a standard deviation of returns of 1.05 and is 1.62 times more volatile than Janus Selection Balanced A USD. 5% of all equities and portfolios are less risky than Janus Selection. Compared to the overall equity markets, volatility of historical daily returns of Janus Selection Balanced A USD is lower than 5 (%) of all global equities and portfolios over the last 30 days. Use Janus Selection Balanced A USD to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Janus Selection to be traded at $263.47 in 30 days. As returns on market increase, returns on owning Janus Selection are expected to decrease at a much smaller rate. During bear market, Janus Selection is likely to outperform the market.

Janus Selection correlation with market

Excellent diversification
Overlapping area represents the amount of risk that can be diversified away by holding Janus Selection Balanced A USD and equity matching DJI index in the same portfolio.

Janus Selection Volatility Indicators

Janus Selection Balanced A USD Current Risk Indicators

Additionally see Investing Opportunities. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.
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