Jacob Micro Correlations

JMIGX Fund

USD 35.24 0.38 1.07%

The current 90-days correlation between Jacob Micro Cap and City National Rochdale is 0.26 (i.e., Modest diversification). The correlation of Jacob Micro 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 Micro Correlation With Market

Very poor diversification

The correlation between Jacob Micro Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacob Micro Cap 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 Micro Cap. 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 census.

Moving together with Jacob Mutual Fund

0.81	JSCGX	Jacob Small Cap	Pair Corr
0.78	JSIGX	Jacob Small Cap	Pair Corr
1.0	JMCGX	Jacob Micro Cap	Pair Corr
0.85	VSMAX	Vanguard Small Cap	Pair Corr
0.85	VSCIX	Vanguard Small Cap	Pair Corr
0.85	VSCPX	Vanguard Small Cap	Pair Corr
0.85	NAESX	Vanguard Small Cap	Pair Corr
0.86	FSSNX	Fidelity Small Cap	Pair Corr
0.89	DFSTX	Us Small Cap	Pair Corr
0.89	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.89	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.82	PASVX	T Rowe Price	Pair Corr
0.82	PRVIX	T Rowe Price	Pair Corr
0.8	WHIAX	Ivy High Income	Pair Corr
0.83	IVHIX	Ivy High Income	Pair Corr
0.83	IHIFX	Ivy High Income	Pair Corr
0.79	WRHIX	Ivy High Income	Pair Corr
0.8	WHIYX	Ivy High Income	Pair Corr
0.66	AMTAX	Ab All Market	Pair Corr
0.69	PLEDX	Pacific Funds Esg	Pair Corr
0.77	DELNX	Doubleline Low Duration	Pair Corr
0.77	DDDAX	13d Activist	Pair Corr
0.78	NBRCX	Neuberger Berman Mid	Pair Corr
0.7	QGRCX	Oppenheimer Gbl Alloc	Pair Corr
0.84	AIOOX	Aristotle/saul Global	Pair Corr
0.88	ARIBX	Aristotle Funds Series	Pair Corr
0.84	IIXCX	Catalyst Insider Income	Pair Corr
0.63	TOLZX	Deutsche Global Infr	Pair Corr
0.92	BRSIX	Ultra Small Pany	Pair Corr
0.85	NCOIX	Nuveen Symphony Credit	Pair Corr
0.84	CSTBX	Calamos Short Term	Pair Corr
0.74	WAYAX	Western Asset High	Pair Corr

Moving against Jacob Mutual Fund

0.82

ERH

Allspring Utilities And

Pair Corr

Related Correlations Analysis

	TAHFX	TIYRX	JDHYX	SEIYX	PYRLX	GHVIX	RIMOX
TAHFX		0.97	0.96	0.93	0.94	0.95	0.95	TAHFX
TIYRX	0.97		0.96	0.93	0.97	0.95	0.97	TIYRX
JDHYX	0.96	0.96		0.94	0.94	0.94	0.93	JDHYX
SEIYX	0.93	0.93	0.94		0.96	0.95	0.94	SEIYX
PYRLX	0.94	0.97	0.94	0.96		0.98	0.98	PYRLX
GHVIX	0.95	0.95	0.94	0.95	0.98		0.97	GHVIX
RIMOX	0.95	0.97	0.93	0.94	0.98	0.97		RIMOX
	TAHFX	TIYRX	JDHYX	SEIYX	PYRLX	GHVIX	RIMOX

Risk-Adjusted Indicators

There is a big difference between Jacob Mutual Fund performing well and Jacob Micro 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 Micro'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TAHFX	0.13	0.01	(0.23)	0.20	(0.20)	0.25	(0.25)	1.11
TIYRX	0.13	0.02	(0.23)	1.38	(0.20)	0.34	(0.23)	0.91
JDHYX	0.16	0.02	(0.18)	0.18	(0.21)	0.41	(0.27)	0.95
SEIYX	0.14	0.02	(0.15)	0.34	(0.30)	0.40	(0.20)	1.20
PYRLX	0.09	0.02	(0.34)	1.16	(0.12)	0.24	(0.16)	0.55
GHVIX	0.10	0.01	(0.29)	0.14	(0.14)	0.24	(0.23)	0.70
RIMOX	0.05	0.03	(0.54)	0.70	(0.09)	0.15	(0.05)	0.36

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