Jacob Micro Correlations

JMIGX Fund

USD 35.75 0.29 0.80%

The current 90-days correlation between Jacob Micro Cap and Old Westbury Municipal is -0.18 (i.e., Good 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

Poor diversification

The correlation between Jacob Micro Cap and DJI is 0.63 (i.e., 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 price.

Moving together with Jacob Mutual Fund

0.85	JSIGX	Jacob Small Cap	Pair Corr
0.61	VSMAX	Vanguard Small Cap	Pair Corr
0.61	VSCIX	Vanguard Small Cap	Pair Corr
0.84	VSCPX	Vanguard Small Cap	Pair Corr
0.61	NAESX	Vanguard Small Cap	Pair Corr
0.63	FSSNX	Fidelity Small Cap	Pair Corr
0.83	DFSTX	Us Small Cap	Pair Corr
0.72	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.73	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.67	ALAYX	Invesco Income Allocation	Pair Corr
0.75	PARDX	T Rowe Price	Pair Corr
0.62	FCNTX	Fidelity Contrafund	Pair Corr
0.64	CQTRX	Columbia Thermostat	Pair Corr
0.65	GBMFX	Gmo Benchmark Free	Pair Corr
0.88	TADGX	T Rowe Price	Pair Corr

Moving against Jacob Mutual Fund

0.62	XNBHX	Neuberger Berman Int	Pair Corr
0.58	XNXJX	Nuveen New Jersey	Pair Corr
0.53	XDSMX	Dreyfus Strategic	Pair Corr

Related Correlations Analysis

	OWMBX	BIDPX	PRFHX	PATFX	PTRMX	ATOAX	FCMAX
OWMBX		0.8	0.75	0.74	0.84	0.71	0.79	OWMBX
BIDPX	0.8		0.93	0.93	0.96	0.61	0.99	BIDPX
PRFHX	0.75	0.93		0.99	0.92	0.47	0.94	PRFHX
PATFX	0.74	0.93	0.99		0.92	0.46	0.94	PATFX
PTRMX	0.84	0.96	0.92	0.92		0.57	0.97	PTRMX
ATOAX	0.71	0.61	0.47	0.46	0.57		0.59	ATOAX
FCMAX	0.79	0.99	0.94	0.94	0.97	0.59		FCMAX
	OWMBX	BIDPX	PRFHX	PATFX	PTRMX	ATOAX	FCMAX

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
OWMBX	0.06	0.01	(0.68)	(1.66)	(0.11)	0.17	(0.09)	0.26
BIDPX	0.07	0.01	(0.52)	1.22	(0.13)	0.18	(0.09)	0.45
PRFHX	0.09	0.02	(0.33)	5.89	(0.14)	0.27	(0.09)	0.81
PATFX	0.09	0.02	(0.39)	(1.73)	(0.13)	0.27	(0.18)	0.72
PTRMX	0.08	0.02	(0.43)	1.14	(0.10)	0.18	(0.13)	0.49
ATOAX	0.01	0.00	0.00	0.47	0.00	0.00	0.00	0.20
FCMAX	0.08	0.02	(0.46)	3.10	(0.14)	0.24	(0.08)	0.57

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC