JANUS Mutual Fund Volatility

JAQSX Fund

USD 10.19 0.45 0.00%

JANUS ASIA EQUITY holds Efficiency (Sharpe) Ratio of -0.0799, which attests that the fund had -0.0799% of return per unit of volatility over the last 3 months. Our viewpoint regarding determining the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. JANUS ASIA EQUITY exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check out JANUS ASIA market risk adjusted performance of (0.20) to validate the risk estimate we provide.

JANUS ASIA Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of JANUS daily returns, and it is calculated using variance and standard deviation. We also use JANUS's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of JANUS ASIA volatility.

180 Days Market Risk

Very steady

Focus

Chance of Distress

Very Small

Focus

180 Days Economic Sensitivity

Slowly supersedes the market

Focus

Since volatility provides investors with entry points to take advantage of stock prices, companies, such as JANUS ASIA can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of JANUS ASIA at lower prices. For example, an investor can purchase JANUS stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of JANUS ASIA's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with JANUS Mutual Fund

+	0.8	MAPTX	MATTHEWS PACIFIC TIGER	Pair Corr
+	0.8	MIPTX	MATTHEWS PACIFIC TIGER	Pair Corr
+	0.87	PRASX	T ROWE PRICE	Pair Corr
+	0.76	PNSIX	T ROWE PRICE	Pair Corr
+	0.76	TRZNX	T Rowe Price	Pair Corr
+	0.73	MITEX	MATTHEWS ASIA INNOVATORS	Pair Corr
+	0.88	FSEAX	FIDELITY EMERGING ASIA	Pair Corr
+	0.82	FIQPX	FIDELITY ADVISOR EMERGING	Pair Corr
+	0.82	MICSX	MATTHEWS ASIAN GROWTH	Pair Corr

JANUS ASIA Market Sensitivity And Downside Risk

JANUS ASIA's beta coefficient measures the volatility of JANUS mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents JANUS mutual fund's returns against your selected market. In other words, JANUS ASIA's beta of 0.35 provides an investor with an approximation of how much risk JANUS ASIA mutual fund can potentially add to one of your existing portfolios.

JANUS ASIA EQUITY exhibits very low volatility with skewness of 0.18 and kurtosis of 0.06. However, we advise investors to further study JANUS ASIA EQUITY technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure JANUS ASIA's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact JANUS ASIA's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

3 Months Beta |Analyze JANUS ASIA EQUITY Demand Trend

Check current 90 days JANUS ASIA correlation with market (NYSE Composite)

JANUS Beta

0.35

JANUS standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

0.8

It is essential to understand the difference between upside risk (as represented by JANUS ASIA's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of JANUS ASIA's daily returns or price. Since the actual investment returns on holding a position in janus mutual fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in JANUS ASIA.

JANUS ASIA EQUITY Mutual Fund Volatility Analysis

Volatility refers to the frequency at which JANUS ASIA fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with JANUS ASIA's price changes. Investors will then calculate the volatility of JANUS ASIA's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of JANUS ASIA's volatility:

Historical Volatility

This type of fund volatility measures JANUS ASIA's fluctuations based on previous trends. It's commonly used to predict JANUS ASIA's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for JANUS ASIA's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on JANUS ASIA's to be redeemed at a future date.

Transformation

The output start index for this execution was zero with a total number of output elements of sixty-one. JANUS ASIA EQUITY Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.

JANUS ASIA Projected Return Density Against Market

Assuming the 90 days horizon JANUS ASIA has a beta of 0.3495 . This indicates as returns on the market go up, JANUS ASIA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding JANUS ASIA EQUITY will be expected to be much smaller as well.

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to JANUS ASIA or Janus Henderson sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that JANUS ASIA's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a JANUS fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.

The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. JANUS ASIA EQUITY is significantly underperforming NYSE Composite.

Predicted Return Density

Returns

JANUS ASIA's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how janus mutual fund's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a JANUS ASIA Price Volatility?

Several factors can influence a fund's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

JANUS ASIA Mutual Fund Risk Measures

α	Alpha over NYSE Composite	-0.05	Details
β	Beta against NYSE Composite	0.35	Details
σ	Overall volatility	0.80	Details
Ir	Information ratio	-0.0093	Details

JANUS ASIA Mutual Fund Return Volatility

JANUS ASIA historical daily return volatility represents how much of JANUS ASIA fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 0.8001% volatility of returns over 90 . By contrast, NYSE Composite accepts 0.907% volatility on return distribution over the 90 days horizon.

Performance (%)

Timeline

About JANUS ASIA Volatility

Volatility is a rate at which the price of JANUS ASIA or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of JANUS ASIA may increase or decrease. In other words, similar to JANUS's beta indicator, it measures the risk of JANUS ASIA and helps estimate the fluctuations that may happen in a short period of time. So if prices of JANUS ASIA fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.

Please read more on our technical analysis page.

The fund pursues its investment objective by investing, under normal circumstances, at least 80 percent of its net assets in equity securities of Asian issuers . Janus Henderson is traded on NASDAQ Exchange in the United States.

JANUS ASIA's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on JANUS Mutual Fund over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much JANUS ASIA's price varies over time.

3 ways to utilize JANUS ASIA's volatility to invest better

Higher JANUS ASIA's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of JANUS ASIA EQUITY fund is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. JANUS ASIA EQUITY fund volatility can provide helpful information for making investment decisions in the following ways:

Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of JANUS ASIA EQUITY investment. A higher volatility means higher risk and potentially larger changes in value.
Identifying Opportunities: High volatility in JANUS ASIA's fund can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
Diversification: Understanding how the volatility of JANUS ASIA's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.

Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

JANUS ASIA Investment Opportunity

NYSE Composite has a standard deviation of returns of 0.91 and is 1.14 times more volatile than JANUS ASIA EQUITY. 6 of all equities and portfolios are less risky than JANUS ASIA. Compared to the overall equity markets, volatility of historical daily returns of JANUS ASIA EQUITY is lower than 6 () of all global equities and portfolios over the last 90 days. Use JANUS ASIA EQUITY to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The mutual fund experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of JANUS ASIA to be traded at $9.33 in 90 days.

Very weak diversification

The correlation between JANUS ASIA EQUITY and NYA is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JANUS ASIA EQUITY and NYA in the same portfolio, assuming nothing else is changed.

View Details

JANUS ASIA Additional Risk Indicators

The analysis of JANUS ASIA's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in JANUS ASIA's investment and either accepting that risk or mitigating it. Along with some common measures of JANUS ASIA mutual fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.

	Risk Adjusted Performance	(0.07)
	Market Risk Adjusted Performance	(0.20)
	Mean Deviation	0.6301
	Coefficient Of Variation	(1,252)
	Standard Deviation	0.8001
	Variance	0.6402
	Information Ratio	(0.009309)

Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential mutual funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

JANUS ASIA Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.

The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against JANUS ASIA as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. JANUS ASIA's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, JANUS ASIA's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to JANUS ASIA EQUITY.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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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Please note, there is a significant difference between JANUS ASIA's value and its price as these two are different measures arrived at by different means. Investors typically determine if JANUS ASIA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JANUS ASIA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Check out Risk vs Return Analysis to better understand how to build diversified portfolios.

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JANUS Mutual Fund Volatility

180 Days Market Risk

Chance of Distress

180 Days Economic Sensitivity

Moving together with JANUS Mutual Fund

JANUS ASIA Market Sensitivity And Downside Risk

JANUS Beta

Standard Deviation

JANUS ASIA EQUITY Mutual Fund Volatility Analysis

Historical Volatility

Implied Volatility

JANUS ASIA Projected Return Density Against Market

What Drives a JANUS ASIA Price Volatility?

Industry

Political and Economic environment

The Company's Performance

JANUS ASIA Mutual Fund Risk Measures

JANUS ASIA Mutual Fund Return Volatility

About JANUS ASIA Volatility

3 ways to utilize JANUS ASIA's volatility to invest better

JANUS ASIA Investment Opportunity

Very weak diversification

JANUS ASIA Additional Risk Indicators

JANUS ASIA Suggested Diversification Pairs

Complementary Tools for JANUS Mutual Fund analysis

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