|Horizon||30 Days Login to change|
Janus Balanced Market Sensitivity
|As returns on market increase, returns on owning Janus Balanced are expected to decrease at a much smaller rate. During bear market, Janus Balanced is likely to outperform the market.One Month Beta |Analyze Janus Balanced I Demand TrendCheck current 30 days Janus Balanced correlation with market (DOW)|
β = -0.0426
Janus Balanced I Technical Analysis
Janus Balanced Projected Return Density Against MarketAssuming 30 trading days horizon, Janus Balanced I CAD Acc Hedged has beta of -0.0426 . This indicates as returns on benchmark increase, returns on holding Janus Balanced are expected to decrease at a much smaller rate. During bear market, however, Janus Balanced I CAD Acc Hedged is likely to outperform the market. Moreover, Janus Balanced I CAD Acc Hedged has an alpha of 0.008 implying that it can potentially generate 0.008% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Janus Balanced Return VolatilityJanus Balanced I CAD Acc Hedged accepts 0.3838% volatility on return distribution over the 30 days horizon. DOW inherits 1.0603% risk (volatility on return distribution) over the 30 days horizon.