Jacob Funds Correlations
| JAMIXDelisted Fund | USD 4.21 0.00 0.00% |
The current 90-days correlation between Jacob Funds and Global Technology Portfolio is 0.05 (i.e., Significant diversification). The correlation of Jacob Funds 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 Funds Correlation With Market
Good diversification
The correlation between Jacob Funds and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacob Funds and DJI in the same portfolio, assuming nothing else is changed.
Jacob |
Moving together with Jacob Mutual Fund
| 0.81 | VITAX | Vanguard Information | PairCorr |
| 0.77 | FSPTX | Technology Portfolio | PairCorr |
| 0.8 | FSELX | Fidelity Select Semi | PairCorr |
| 0.74 | SLMCX | Columbia Seligman | PairCorr |
| 0.74 | SCICX | Columbia Seligman | PairCorr |
| 0.9 | WSTRX | Ivy Science And | PairCorr |
| 0.9 | WSTCX | Ivy Science And | PairCorr |
| 0.61 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
| 0.61 | LSHCX | Horizon Spin Off | PairCorr |
| 0.61 | LSHEX | Kinetics Spin Off | PairCorr |
| 0.61 | LSHAX | Horizon Spin Off Steady Growth | PairCorr |
| 0.67 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.61 | IBM | International Business Sell-off Trend | PairCorr |
| 0.69 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.9 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.84 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.78 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.81 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.67 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.86 | HD | Home Depot | PairCorr |
Moving against Jacob Mutual Fund
| 0.33 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.99 | 0.99 | 0.99 | 0.99 | 0.96 | JGLTX | ||
| 0.99 | 0.99 | 1.0 | 0.99 | 0.96 | BSTSX | ||
| 0.99 | 0.99 | 0.98 | 1.0 | 0.99 | DTEYX | ||
| 0.99 | 1.0 | 0.98 | 0.99 | 0.96 | PGKCX | ||
| 0.99 | 0.99 | 1.0 | 0.99 | 0.99 | DTGRX | ||
| 0.96 | 0.96 | 0.99 | 0.96 | 0.99 | ITYYX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Jacob Mutual Fund performing well and Jacob Funds 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 Funds' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JGLTX | 0.88 | (0.03) | (0.02) | 0.10 | 1.34 | 1.87 | 5.92 | |||
| BSTSX | 0.98 | 0.01 | 0.01 | 0.13 | 1.47 | 1.88 | 6.75 | |||
| DTEYX | 0.89 | 0.03 | 0.02 | 0.16 | 1.23 | 1.88 | 5.99 | |||
| PGKCX | 1.02 | 0.01 | 0.02 | 0.14 | 1.53 | 2.27 | 6.29 | |||
| DTGRX | 0.89 | 0.03 | 0.02 | 0.16 | 1.23 | 1.87 | 5.99 | |||
| ITYYX | 0.94 | 0.09 | 0.07 | 0.20 | 1.26 | 2.50 | 6.05 |
Jacob Funds Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Jacob Funds mutual fund to make a market-neutral strategy. Peer analysis of Jacob Funds could also be used in its relative valuation, which is a method of valuing Jacob Funds by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Jacob Funds ?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.