Janus Asia Equity Fund Market Value
| JAQTX Fund | USD 9.53 0.05 0.52% |
| Symbol | Janus |
Janus Asia '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 Asia'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 Asia.
| 11/02/2023 |
| 12/02/2023 |
If you would invest 0.00 in Janus Asia on November 2, 2023 and sell it all today you would earn a total of 0.00 from holding Janus Asia Equity or generate 0.0% return on investment in Janus Asia over 30 days. Janus Asia is related to or competes with Matthews Pacific, T Rowe, Fidelity Emerging, Invesco Asia, Invesco Asia, Matthews Asian, and Matthews Asian. The investment seeks long-term growth of capital More
Janus Asia 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 Asia'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 Asia Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8215 | |||
| Information Ratio | 0.0418 | |||
| Maximum Drawdown | 3.3 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.36 |
Janus Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Asia's standard deviation. In reality, there are many statistical measures that can use Janus Asia historical prices to predict the future Janus Asia's volatility.| Risk Adjusted Performance | 0.0397 | |||
| Jensen Alpha | 0.0352 | |||
| Total Risk Alpha | 0.0368 | |||
| Sortino Ratio | 0.0444 | |||
| Treynor Ratio | 0.0631 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Janus Asia'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. Please use the tools below to analyze the current value of Janus Asia in the context of predictive analytics.
Janus Asia Equity Backtested Returns
We consider Janus Asia very steady. Janus Asia Equity holds Efficiency (Sharpe) Ratio of 0.0289, which attests that the entity had 0.0289% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for Janus Asia Equity, which you can use to evaluate the future volatility of the entity. Please check out Janus Asia Market Risk Adjusted Performance of 0.0731, risk adjusted performance of 0.0397, and Downside Deviation of 0.8215 to validate if the risk estimate we provide is consistent with the expected return of 0.0257%. The fund retains a Market Volatility (i.e., Beta) of 0.5361, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Janus Asia returns are expected to increase less than the market. However, during the bear market, the loss on holding Janus Asia will be expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Janus Asia Equity has no correlation between past and present. Overlapping area represents the amount of predictability between Janus Asia time series from 2nd of November 2023 to 17th of November 2023 and 17th of November 2023 to 2nd of December 2023. 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 Asia Equity price movement. The serial correlation of 0.0 indicates that just 0.0% of current Janus Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Janus Asia Equity lagged returns against current returns
Autocorrelation, which is Janus Asia 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 Asia's mutual fund expected returns. We can calculate the autocorrelation of Janus Asia returns to help us make a trade decision. For example, suppose you find that Janus Asia mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Janus Asia 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 Asia mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Asia 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 Asia mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Janus Asia Lagged Returns
When evaluating Janus Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Asia mutual fund have on its future price. Janus Asia 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 Asia autocorrelation shows the relationship between Janus Asia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Asia Equity.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Janus Asia in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Janus Asia's short interest history, or implied volatility extrapolated from Janus Asia options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Janus Asia Equity using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Janus Asia Correlation, Janus Asia Volatility and Janus Asia Alpha and Beta module to complement your research on Janus Asia. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Janus Mutual Fund analysis
When running Janus Asia's price analysis, check to measure Janus Asia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Janus Asia is operating at the current time. Most of Janus Asia's value examination focuses on studying past and present price action to predict the probability of Janus Asia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Janus Asia's price. Additionally, you may evaluate how the addition of Janus Asia to your portfolios can decrease your overall portfolio volatility.
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Janus Asia 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.