Janus US (Ireland) Risk Analysis And Volatility Evaluation

IE00B6VJYJ47 -- Ireland Fund  

EUR 221.26  2.13  0.97%

Macroaxis considers Janus US unknown risk given 1 month investment horizon. Janus US Venture holds Efficiency (Sharpe) Ratio of 0.5576 which attests that Janus US Venture had 0.5576% 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 company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Janus US Venture which you can use to evaluate future volatility of the entity. Please utilize Janus US Market Risk Adjusted Performance of 0.4289 and Risk Adjusted Performance of 0.1164 to validate if our risk estimates are consistent with your expectations.
 Time Horizon     30 Days    Login   to change

Janus US Market Sensitivity

As returns on market increase, Janus US returns are expected to increase less than the market. However during bear market, the loss on holding Janus US will be expected to be smaller as well.
One Month Beta |Analyze Janus US Venture Demand Trend
Check current 30 days Janus US correlation with market (DOW)
β = 0.1255
Janus US Small BetaJanus US Venture Beta Legend

Janus US Venture 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.

Projected Return Density Against Market

Assuming 30 trading days horizon, Janus US has beta of 0.1255 . This indicates as returns on market go up, Janus US average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Janus US Venture Z EUR Acc will be expected to be much smaller as well. Moreover, Janus US Venture Z EUR Acc has an alpha of 0.0384 implying that it can potentially generate 0.0384% 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 US is 179.35. The daily returns are destributed with a variance of 0.59 and standard deviation of 0.77. The mean deviation of Janus US Venture Z EUR Acc is currently at 0.64. For similar time horizon, the selected benchmark (DOW) has volatility of 0.46
α
Alpha over DOW
=0.0384
β
Beta against DOW=0.13
σ
Overall volatility
=0.77
Ir
Information ratio =0.26

Actual Return Volatility

Janus US Venture Z EUR Acc accepts 0.7677% volatility on return distribution over the 30 days horizon. DOW inherits 0.5701% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Janus US Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Janus US Investment Opportunity
Janus US Venture Z EUR Acc has a volatility of 0.77 and is 1.35 times more volatile than DOW. 7% of all equities and portfolios are less risky than Janus US. Compared to the overall equity markets, volatility of historical daily returns of Janus US Venture Z EUR Acc is lower than 7 (%) of all global equities and portfolios over the last 30 days. Use Janus US Venture Z EUR Acc to enhance returns of your portfolios. The fund experiences moderate upward volatility. Check odds of Janus US to be traded at €243.39 in 30 days. As returns on market increase, Janus US returns are expected to increase less than the market. However during bear market, the loss on holding Janus US will be expected to be smaller as well.

Janus US correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Janus US Venture Z EUR Acc and equity matching DJI index in the same portfolio.
Please also check Risk vs Return Analysis. Please also try Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.
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