Janus Overseas Three Year Return vs. Price to Book
| JDINX Fund | USD 45.06 0.03 0.07% |
For Janus Overseas profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Janus Overseas to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Janus Overseas Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Janus Overseas's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Janus Overseas Fund over time as well as its relative position and ranking within its peers.
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Janus Overseas Price to Book vs. Three Year Return Fundamental Analysis
Janus Price to Book vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
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| = | 4.52 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
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Use Janus Overseas in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Janus Overseas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Janus Overseas will appreciate offsetting losses from the drop in the long position's value.Janus Overseas Pair Trading
Janus Overseas Fund Pair Trading Analysis
The ability to find closely correlated positions to Janus Overseas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Janus Overseas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Janus Overseas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Janus Overseas Fund to buy it.
The correlation of Janus Overseas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Janus Overseas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Janus Overseas moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Janus Overseas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Janus Overseas position
In addition to having Janus Overseas in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Video Games Thematic Idea Now
Video Games
Companies that are involved in the building and marketing of video games or gaming software. The Video Games theme has 24 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Video Games Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. You can also try the Stocks Directory module to find actively traded stocks across global markets.
To fully project Janus Overseas' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Janus Overseas at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Janus Overseas' income statement, its balance sheet, and the statement of cash flows.