|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 TrendCheck current 30 days Janus Selection correlation with market (DOW)|
β = -0.7428
Janus Selection Bala Technical Analysis
Janus Selection Projected Return Density Against MarketAssuming 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
Janus Selection Return VolatilityJanus 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.