Jacob Finance Correlations

JCFN Stock

2,076 28.00 1.37%

The current 90-days correlation between Jacob Finance And and Spuntech is 0.05 (i.e., Significant diversification). The correlation of Jacob Finance 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.

Jacob Finance Correlation With Market

Good diversification

The correlation between Jacob Finance And and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacob Finance And and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Jacob Finance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jacob Finance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jacob Finance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jacob Finance And to buy it.

Moving together with Jacob Stock

0.69	MCMN	Michman Basad	Pair Corr
0.75	ISCD	Isracard	Pair Corr
0.86	NAWI	Nawi Brothers Group	Pair Corr
0.87	MNIF	Menif Financial Services	Pair Corr
0.86	PEN	Peninsula Group	Pair Corr
0.62	MLRN	MLRN Projects	Pair Corr
0.63	HOD	Hod Assaf Industries	Pair Corr
0.69	AVIV	Mordechai Aviv Taasiot	Pair Corr
0.8	GVYM	GavYam Lands Corp	Pair Corr
0.66	JBNK	Jerusalem	Pair Corr

Moving against Jacob Stock

0.93	AVRT	Avrot Industries	Pair Corr
0.8	BULL	Bull Trading And	Pair Corr
0.49	DANH	Dan Hotels Earnings Call This Week	Pair Corr
0.48	BLND	Blender Financial	Pair Corr

Related Correlations Analysis

	SPNTC	PMNT	WESR	BLND	CBI	SARN	ONE	STRG
SPNTC		0.37	-0.02	-0.42	0.13	-0.26	0.09	0.18	SPNTC
PMNT	0.37		0.37	-0.5	-0.13	0.03	0.44	-0.2	PMNT
WESR	-0.02	0.37		-0.78	-0.67	0.43	0.96	-0.84	WESR
BLND	-0.42	-0.5	-0.78		0.47	-0.23	-0.78	0.49	BLND
CBI	0.13	-0.13	-0.67	0.47		-0.06	-0.59	0.73	CBI
SARN	-0.26	0.03	0.43	-0.23	-0.06		0.44	-0.41	SARN
ONE	0.09	0.44	0.96	-0.78	-0.59	0.44		-0.8	ONE
STRG	0.18	-0.2	-0.84	0.49	0.73	-0.41	-0.8		STRG
	SPNTC	PMNT	WESR	BLND	CBI	SARN	ONE	STRG

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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

ONE	+ 0.96	WESR
STRG	+ 0.73	CBI
STRG	+ 0.49	BLND
CBI	+ 0.47	BLND
ONE	+ 0.44	PMNT
ONE	+ 0.44	SARN

High negative correlations

STRG	- 0.84	WESR
STRG	- 0.8	ONE
ONE	- 0.78	BLND
BLND	- 0.78	WESR
CBI	- 0.67	WESR
ONE	- 0.59	CBI

Risk-Adjusted Indicators

There is a big difference between Jacob Stock performing well and Jacob Finance Company 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 Finance'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
SPNTC	2.00	0.14	0.03	0.29	3.84	(2.06)	4.25	(3.55)	26.19
PMNT	2.17	0.34	0.07	(1.45)	2.33	(2.52)	5.36	(4.47)	18.94
WESR	1.94	0.57	0.21	7.07	1.73	(2.39)	5.19	(3.92)	12.25
BLND	1.69	(0.29)	0.00	8.83	0.00	0.00	2.37	(6.15)	22.27
CBI	2.51	(0.28)	0.00	1.93	0.00	0.00	4.58	(5.59)	17.01
SARN	1.63	(0.15)	0.00	(0.04)	0.00	0.00	3.15	(3.67)	18.96
ONE	1.86	0.25	0.06	2.30	2.38	(1.88)	3.91	(3.61)	10.05
STRG	2.77	(0.92)	0.00	3.24	0.00	0.00	5.12	(6.73)	19.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jacob Finance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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