Jacob Internet Correlations

JAMFX Fund

USD 5.41 0.04 0.74%

The current 90-days correlation between Jacob Internet and Consumer Services Ultrasector is 0.62 (i.e., Poor diversification). The correlation of Jacob Internet 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Jacob Internet Correlation With Market

Good diversification

The correlation between Jacob Internet Fund and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacob Internet Fund 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 Jacob Internet Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Jacob Mutual Fund

0.81	JSCGX	Jacob Small Cap	Pair Corr
0.78	JSIGX	Jacob Small Cap	Pair Corr
0.69	VITAX	Vanguard Information	Pair Corr
0.66	FSCSX	Software And It	Pair Corr

Moving against Jacob Mutual Fund

0.56	KF	Korea Closed	Pair Corr
0.45	RSNRX	Victory Global Natural	Pair Corr
0.39	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.37	EKWAX	Wells Fargo Advantage Steady Growth	Pair Corr
0.33	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.62	AAAPX	Deutsche Real Assets	Pair Corr
0.45	AHLIX	American Beacon Ahl	Pair Corr
0.44	SIDVX	Hartford Schroders	Pair Corr
0.42	PMDAX	Small Midcap Dividend	Pair Corr
0.41	FAPYX	Fidelity Greenwood Street	Pair Corr
0.39	PSPFX	Global Resources	Pair Corr
0.38	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.38	MIPTX	Matthews Pacific Tiger	Pair Corr
0.35	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.35	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.33	UNWPX	World Precious Minerals	Pair Corr
0.32	REREX	Europacific Growth	Pair Corr
0.5	TFBVX	Virginia Tax Free	Pair Corr
0.48	DNEMX	Dunham Emerging Markets	Pair Corr
0.38	LIAGX	Lord Abbett International	Pair Corr
0.37	INIVX	International Investors Steady Growth	Pair Corr

Related Correlations Analysis

	OTPIX	IJUN	ARDEX	SHXPX	GILCX	SFDYX	SIPIX	SWZ	SEMCX	CYPIX
OTPIX		0.59	0.5	0.75	0.68	0.54	0.54	0.35	0.54	0.8	OTPIX
IJUN	0.59		0.89	0.83	0.91	0.88	0.88	0.28	0.88	0.59	IJUN
ARDEX	0.5	0.89		0.83	0.83	1.0	1.0	0.38	1.0	0.57	ARDEX
SHXPX	0.75	0.83	0.83		0.93	0.87	0.87	0.57	0.87	0.81	SHXPX
GILCX	0.68	0.91	0.83	0.93		0.84	0.84	0.41	0.84	0.72	GILCX
SFDYX	0.54	0.88	1.0	0.87	0.84		1.0	0.44	1.0	0.62	SFDYX
SIPIX	0.54	0.88	1.0	0.87	0.84	1.0		0.44	1.0	0.62	SIPIX
SWZ	0.35	0.28	0.38	0.57	0.41	0.44	0.44		0.44	0.53	SWZ
SEMCX	0.54	0.88	1.0	0.87	0.84	1.0	1.0	0.44		0.62	SEMCX
CYPIX	0.8	0.59	0.57	0.81	0.72	0.62	0.62	0.53	0.62		CYPIX
	OTPIX	IJUN	ARDEX	SHXPX	GILCX	SFDYX	SIPIX	SWZ	SEMCX	CYPIX

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Risk-Adjusted Indicators

There is a big difference between Jacob Mutual Fund performing well and Jacob Internet Mutual Fund 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 Jacob Internet'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
OTPIX	0.81	(0.07)	(0.07)	0.00	1.15	(0.77)	2.14	(1.93)	4.74
IJUN	0.32	0.07	(0.04)	3.33	0.25	(0.35)	0.71	(0.67)	1.73
ARDEX	0.97	0.64	0.84	(1.39)	0.00	(1.26)	1.38	(0.78)	28.27
SHXPX	0.75	(0.01)	(0.01)	0.08	0.88	(0.81)	1.81	(1.36)	5.32
GILCX	0.53	0.01	(0.02)	0.10	0.52	(0.59)	1.14	(1.01)	3.04
SFDYX	1.15	0.51	0.58	1.05	0.00	(1.50)	1.65	(1.36)	28.44
SIPIX	1.15	0.51	0.58	1.06	0.00	(1.50)	1.66	(1.40)	28.63
SWZ	0.47	0.05	(0.06)	(0.22)	0.70	(0.55)	0.97	(0.84)	4.62
SEMCX	1.15	0.51	0.58	1.04	0.00	(1.50)	1.70	(1.40)	28.48
CYPIX	1.27	(0.17)	0.00	(0.03)	0.00	0.00	2.49	(3.24)	7.12

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