Janus Trarian Fund Market Value
| JACNX Fund | USD 27.51 0.05 0.18% |
| Symbol | Janus |
Janus Trarian 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Janus Trarian's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Janus Trarian.
| 04/01/2024 |
| 05/31/2024 |
If you would invest 0.00 in Janus Trarian on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Janus Trarian Fund or generate 0.0% return on investment in Janus Trarian over 60 days. Janus Trarian is related to or competes with Vanguard Mid-cap, Vanguard Mid-cap, Vanguard Mid-cap, Vanguard Mid-cap, Vanguard Extended, Vanguard Extended, and Vanguard Extended. The fund invests at least 80 percent of its net assets in equity securities with the potential for long-term growth of c... More
Janus Trarian Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Janus Trarian's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Janus Trarian Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9481 | |||
| Information Ratio | 0.0133 | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.17 |
Janus Trarian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Trarian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Trarian's standard deviation. In reality, there are many statistical measures that can use Janus Trarian historical prices to predict the future Janus Trarian's volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | 0.0228 | |||
| Total Risk Alpha | 0.0059 | |||
| Sortino Ratio | 0.0118 | |||
| Treynor Ratio | 0.1776 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Trarian's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Janus Trarian Backtested Returns
We consider Janus Trarian very steady. Janus Trarian holds Efficiency (Sharpe) Ratio of 0.0195, which attests that the entity had a 0.0195% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Janus Trarian, which you can use to evaluate the volatility of the entity. Please check out Janus Trarian's Market Risk Adjusted Performance of 0.1876, downside deviation of 0.9481, and Risk Adjusted Performance of 0.0278 to validate if the risk estimate we provide is consistent with the expected return of 0.0165%. The fund retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Janus Trarian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Trarian is expected to be smaller as well.
Auto-correlation | -0.82 |
Excellent reverse predictability
Janus Trarian Fund has excellent reverse predictability. Overlapping area represents the amount of predictability between Janus Trarian time series from 1st of April 2024 to 1st of May 2024 and 1st of May 2024 to 31st of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Janus Trarian price movement. The serial correlation of -0.82 indicates that around 82.0% of current Janus Trarian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Janus Trarian lagged returns against current returns
Autocorrelation, which is Janus Trarian mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Janus Trarian's mutual fund expected returns. We can calculate the autocorrelation of Janus Trarian returns to help us make a trade decision. For example, suppose you find that Janus Trarian has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Janus Trarian regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Janus Trarian mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Trarian mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Janus Trarian mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Trarian Lagged Returns
When evaluating Janus Trarian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Trarian mutual fund have on its future price. Janus Trarian autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Janus Trarian autocorrelation shows the relationship between Janus Trarian mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Trarian Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Janus Trarian Correlation, Janus Trarian Volatility and Janus Trarian Alpha and Beta module to complement your research on Janus Trarian. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Janus Trarian technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.