Janus Adaptive Global Fund Market Value
| JAGSX Fund | USD 10.32 0.02 0.19% |
| Symbol | Janus |
Janus Adaptive '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 Adaptive'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 Adaptive.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Janus Adaptive on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Janus Adaptive Global or generate 0.0% return on investment in Janus Adaptive over 30 days. Janus Adaptive is related to or competes with Janus Research, Janus Research, Janus Research, Janus Research, Janus Henderson, Janus Research, and Enterprise Portfolio. The fund seeks to achieve its investment objective by allocating its assets across a portfolio of global equity, global ... More
Janus Adaptive 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 Adaptive'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 Adaptive Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4713 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.13 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.6718 |
Janus Adaptive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Adaptive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Adaptive's standard deviation. In reality, there are many statistical measures that can use Janus Adaptive historical prices to predict the future Janus Adaptive's volatility.| Risk Adjusted Performance | 0.0826 | |||
| Jensen Alpha | 0.0173 | |||
| Total Risk Alpha | 0.0098 | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0888 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Adaptive'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 Adaptive Global Backtested Returns
We consider Janus Adaptive very steady. Janus Adaptive Global holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Janus Adaptive Global, which you can use to evaluate the volatility of the entity. Please check out Janus Adaptive's Downside Deviation of 0.4713, risk adjusted performance of 0.0826, and Market Risk Adjusted Performance of 0.0988 to validate if the risk estimate we provide is consistent with the expected return of 0.0525%. The fund retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Janus Adaptive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Adaptive is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Janus Adaptive Global has no correlation between past and present. Overlapping area represents the amount of predictability between Janus Adaptive time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Adaptive Global price movement. The serial correlation of 0.0 indicates that just 0.0% of current Janus Adaptive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Janus Adaptive Global lagged returns against current returns
Autocorrelation, which is Janus Adaptive 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 Adaptive's mutual fund expected returns. We can calculate the autocorrelation of Janus Adaptive returns to help us make a trade decision. For example, suppose you find that Janus Adaptive 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 Adaptive 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 Adaptive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Adaptive 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 Adaptive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Adaptive Lagged Returns
When evaluating Janus Adaptive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Adaptive mutual fund have on its future price. Janus Adaptive 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 Adaptive autocorrelation shows the relationship between Janus Adaptive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Adaptive Global.
Regressed Prices |
| Timeline |
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Janus Adaptive 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.