|Horizon||30 Days Login to change|
Janus Global Market Sensitivity
|As returns on market increase, returns on owning Janus Global are expected to decrease at a much smaller rate. During bear market, Janus Global is likely to outperform the market.One Month Beta |Analyze Janus Global Tech Demand TrendCheck current 30 days Janus Global correlation with market (DOW)|
β = -0.3693
Janus Global Tech Technical Analysis
Janus Global Projected Return Density Against MarketAssuming 30 trading days horizon, Janus Global Tech V USD Acc has beta of -0.3693 . This indicates as returns on benchmark increase, returns on holding Janus Global are expected to decrease at a much smaller rate. During bear market, however, Janus Global Tech V USD Acc is likely to outperform the market. Moreover, Janus Global Tech V USD Acc has an alpha of 0.1494 implying that it can potentially generate 0.1494% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Janus Global Return VolatilityJanus Global Tech V USD Acc accepts 2.0808% volatility on return distribution over the 30 days horizon. DOW inherits 1.0609% risk (volatility on return distribution) over the 30 days horizon.