Jamf Holding Correlations

JAMF Etf

USD 15.11 0.29 1.88%

The current 90-days correlation between Jamf Holding and Paycor HCM is 0.22 (i.e., Modest diversification). The correlation of Jamf Holding 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Jamf Holding Correlation With Market

Average diversification

The correlation between Jamf Holding and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jamf Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jamf Holding. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in Jamf Etf please use our How to Invest in Jamf Holding guide.

Moving together with Jamf Etf

0.73	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.8	VTEX	VTEX Tech Boost	Pair Corr
0.63	ETWO	E2open Parent Holdings	Pair Corr
0.74	EVOL	Evolving Systems	Pair Corr

Moving against Jamf Etf

0.77	ML	MoneyLion	Pair Corr
0.75	WK	Workiva	Pair Corr
0.72	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.59	DOCU	DocuSign	Pair Corr
0.57	VERX	Vertex	Pair Corr
0.51	AI	C3 Ai Inc	Pair Corr
0.49	EGAN	eGain Earnings Call This Week	Pair Corr
0.48	DUOT	Duos Technologies	Pair Corr
0.4	DV	DoubleVerify Holdings	Pair Corr
0.4	DSGX	Descartes Systems	Pair Corr
0.36	DUOL	Duolingo Tech Boost	Pair Corr
0.36	VMEO	Vimeo Inc	Pair Corr
0.73	EXFY	Expensify	Pair Corr
0.72	APP	Applovin Corp	Pair Corr
0.66	DSP	Viant Technology Tech Boost	Pair Corr
0.63	ENFN	Enfusion	Pair Corr
0.54	WFCF	Where Food Comes	Pair Corr
0.51	CXM	Sprinklr	Pair Corr
0.46	ESTC	Elastic NV Tech Boost	Pair Corr
0.46	BMR	Beamr Imaging	Pair Corr
0.43	CRM	Salesforce	Pair Corr
0.34	EZFL	EzFill Holdings	Pair Corr
0.34	API	Agora Inc Tech Boost	Pair Corr
0.31	WDAY	Workday	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.53	-0.4	-0.48	0.6	0.78	0.5	0.64	-0.12	-0.63	META
MSFT	0.53		-0.46	-0.22	0.43	0.35	0.63	0.25	0.01	-0.43	MSFT
UBER	-0.4	-0.46		0.64	-0.29	-0.17	-0.62	-0.21	0.25	0.77	UBER
F	-0.48	-0.22	0.64		0.05	-0.31	-0.06	-0.05	0.05	0.9	F
T	0.6	0.43	-0.29	0.05		0.43	0.72	0.6	-0.15	-0.19	T
A	0.78	0.35	-0.17	-0.31	0.43		0.29	0.73	-0.18	-0.4	A
CRM	0.5	0.63	-0.62	-0.06	0.72	0.29		0.51	-0.25	-0.34	CRM
JPM	0.64	0.25	-0.21	-0.05	0.6	0.73	0.51		-0.52	-0.25	JPM
MRK	-0.12	0.01	0.25	0.05	-0.15	-0.18	-0.25	-0.52		0.13	MRK
XOM	-0.63	-0.43	0.77	0.9	-0.19	-0.4	-0.34	-0.25	0.13		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

XOM	+ 0.9	F
A	+ 0.78	META
XOM	+ 0.77	UBER
JPM	+ 0.73	A
CRM	+ 0.72	T
JPM	+ 0.64	META

High negative correlations

XOM	- 0.63	META
CRM	- 0.62	UBER
MRK	- 0.52	JPM
F	- 0.48	META
UBER	- 0.46	MSFT
XOM	- 0.43	MSFT

Jamf Holding Competition Risk-Adjusted Indicators

There is a big difference between Jamf Etf performing well and Jamf Holding ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Jamf Holding's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.40	0.26	0.13	0.73	1.40	(1.60)	3.43	(2.31)	7.43
MSFT	1.11	(0.04)	0.00	(0.73)	0.00	0.00	2.20	(2.79)	10.31
UBER	1.55	(0.21)	0.00	(2.89)	0.00	0.00	2.67	(5.35)	12.29
F	1.46	(0.15)	0.00	(0.17)	0.00	0.00	2.57	(2.90)	11.21
T	1.00	0.11	0.07	0.29	1.06	(1.12)	1.91	(1.84)	7.94
A	1.19	0.20	0.13	0.49	1.05	(1.41)	2.92	(2.16)	8.06
CRM	1.55	0.24	0.11	0.87	1.52	(1.81)	3.70	(2.95)	14.80
JPM	1.03	0.27	0.18	0.92	1.00	(1.23)	1.92	(1.42)	15.87
MRK	1.00	(0.08)	0.00	(0.29)	0.00	0.00	2.00	(2.13)	5.24
XOM	0.86	(0.19)	0.00	(0.33)	0.00	0.00	1.71	(1.93)	6.06

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