Jacob Small Correlations

JSCGX Fund

USD 27.02 0.45 1.64%

The current 90-days correlation between Jacob Small Cap and WisdomTree Asia Defense is 0.23 (i.e., Modest diversification). The correlation of Jacob Small 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 Small Correlation With Market

Poor diversification

The correlation between Jacob Small Cap and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacob Small 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 Small 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

0.94	JSIGX	Jacob Small Cap	Pair Corr
0.81	JMCGX	Jacob Micro Cap	Pair Corr
0.81	JMIGX	Jacob Micro Cap	Pair Corr
0.68	JGMIX	Janus Triton	Pair Corr
0.68	JGMRX	Janus Triton	Pair Corr
0.65	JGMAX	Janus Triton	Pair Corr
0.68	JGMCX	Janus Triton	Pair Corr
0.68	JGMNX	Janus Triton	Pair Corr
0.73	CRMEX	Crm All Cap	Pair Corr
0.65	PXTNX	Pimco Rae Plus	Pair Corr

Moving against Jacob Mutual Fund

0.69

ERH

Allspring Utilities And

Pair Corr

Related Correlations Analysis

	NVDB	RYMIX	ICOI	GWILX	EBUF	TOPC	CUSRX	WASIX	RYRHX	WDAF
NVDB		-0.07	0.73	0.38	-0.02	-0.25	-0.26	0.0	-0.33	0.28	NVDB
RYMIX	-0.07		-0.3	-0.7	0.82	0.91	0.78	0.0	0.88	0.55	RYMIX
ICOI	0.73	-0.3		0.65	-0.39	-0.4	-0.25	0.0	-0.41	0.08	ICOI
GWILX	0.38	-0.7	0.65		-0.66	-0.67	-0.5	0.0	-0.64	-0.32	GWILX
EBUF	-0.02	0.82	-0.39	-0.66		0.78	0.71	0.0	0.78	0.75	EBUF
TOPC	-0.25	0.91	-0.4	-0.67	0.78		0.84	0.0	0.93	0.45	TOPC
CUSRX	-0.26	0.78	-0.25	-0.5	0.71	0.84		0.0	0.96	0.62	CUSRX
WASIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WASIX
RYRHX	-0.33	0.88	-0.41	-0.64	0.78	0.93	0.96	0.0		0.55	RYRHX
WDAF	0.28	0.55	0.08	-0.32	0.75	0.45	0.62	0.0	0.55		WDAF
	NVDB	RYMIX	ICOI	GWILX	EBUF	TOPC	CUSRX	WASIX	RYRHX	WDAF

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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

RYRHX	+ 0.96	CUSRX
RYRHX	+ 0.93	TOPC
TOPC	+ 0.91	RYMIX
RYRHX	+ 0.88	RYMIX
CUSRX	+ 0.84	TOPC
EBUF	+ 0.82	RYMIX

High negative correlations

GWILX	- 0.7	RYMIX
TOPC	- 0.67	GWILX
EBUF	- 0.66	GWILX
RYRHX	- 0.64	GWILX
CUSRX	- 0.5	GWILX
RYRHX	- 0.41	ICOI

Risk-Adjusted Indicators

There is a big difference between Jacob Mutual Fund performing well and Jacob Small 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 Small'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
NVDB	3.51	0.10	0.01	0.40	4.23	(3.64)	6.21	(6.95)	21.21
RYMIX	0.82	0.09	0.07	0.16	0.99	(0.88)	1.61	(1.86)	4.56
ICOI	2.33	(0.52)	0.00	(0.61)	0.00	0.00	4.35	(6.37)	14.61
GWILX	1.58	(0.77)	0.00	(0.62)	0.00	0.00	1.61	(1.49)	50.83
EBUF	0.21	0.04	(0.08)	0.54	0.07	(0.23)	0.56	(0.39)	1.20
TOPC	0.53	0.00	(0.02)	0.06	0.66	(0.53)	1.19	(0.98)	3.20
CUSRX	1.12	(0.06)	(0.02)	0.02	1.28	(1.28)	2.91	(2.68)	7.17
WASIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYRHX	0.89	0.02	0.03	0.08	1.03	(0.95)	1.89	(1.84)	4.63
WDAF	1.24	0.08	0.04	0.19	1.21	(1.44)	2.96	(2.13)	6.98

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