Janus Balanced Fund Market Value
JABRX Fund | USD 45.18 0.23 0.51% |
Symbol | Janus |
Janus Balanced '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 Balanced'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 Balanced.
04/08/2022 |
| 03/28/2024 |
If you would invest 0.00 in Janus Balanced on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Janus Balanced Fund or generate 0.0% return on investment in Janus Balanced over 720 days. Janus Balanced is related to or competes with Sa Worldwide, Dimensional Retirement, Fidelity Managed, Great-west Moderately, Qs Moderate, and Voya Target. The investment seeks long-term capital growth, consistent with preservation of capital and balanced by current income More
Janus Balanced 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 Balanced'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 Balanced Fund upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.4326 | |||
Information Ratio | (0.05) | |||
Maximum Drawdown | 2.23 | |||
Value At Risk | (0.59) | |||
Potential Upside | 0.832 |
Janus Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus Balanced's standard deviation. In reality, there are many statistical measures that can use Janus Balanced historical prices to predict the future Janus Balanced's volatility.Risk Adjusted Performance | 0.1223 | |||
Jensen Alpha | 0.0128 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | (0.05) | |||
Treynor Ratio | 0.1422 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus Balanced'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 Balanced Fund Backtested Returns
We consider Janus Balanced very steady. Janus Balanced Fund holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Janus Balanced Fund, which you can use to evaluate the volatility of the entity. Please check out Janus Balanced's Risk Adjusted Performance of 0.1223, downside deviation of 0.4326, and Market Risk Adjusted Performance of 0.1522 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 0.71, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Janus Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janus Balanced is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Janus Balanced Fund has poor predictability. Overlapping area represents the amount of predictability between Janus Balanced time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Balanced Fund price movement. The serial correlation of 0.25 indicates that over 25.0% of current Janus Balanced price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.25 | |
Spearman Rank Test | -0.17 | |
Residual Average | 0.0 | |
Price Variance | 3.89 |
Janus Balanced Fund lagged returns against current returns
Autocorrelation, which is Janus Balanced 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 Balanced's mutual fund expected returns. We can calculate the autocorrelation of Janus Balanced returns to help us make a trade decision. For example, suppose you find that Janus Balanced 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 Balanced 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 Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus Balanced 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 Balanced mutual fund over time.
Current vs Lagged Prices |
Timeline |
Janus Balanced Lagged Returns
When evaluating Janus Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus Balanced mutual fund have on its future price. Janus Balanced 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 Balanced autocorrelation shows the relationship between Janus Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Janus Balanced Fund.
Regressed Prices |
Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Janus Balanced Correlation, Janus Balanced Volatility and Janus Balanced Alpha and Beta module to complement your research on Janus Balanced. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Janus Mutual Fund analysis
When running Janus Balanced's price analysis, check to measure Janus Balanced'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 Balanced is operating at the current time. Most of Janus Balanced's value examination focuses on studying past and present price action to predict the probability of Janus Balanced'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 Balanced's price. Additionally, you may evaluate how the addition of Janus Balanced to your portfolios can decrease your overall portfolio volatility.
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Stocks Directory Find actively traded stocks across global markets | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Janus Balanced 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.