Jacob Small Correlations

Mutual Funds . USA . 
Fund . Jacob Small Cap
JSCGX Fund  USD 20.81  0.39  1.91%   
The current 90-days correlation between Jacob Small Cap and Jacob Micro Cap is 0.91 (i.e., Almost no 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 0.66 (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 price.

Moving together with Jacob Mutual Fund

  0.85JAMFX Jacob InternetPairCorr
  0.9JSIGX Jacob Small Cap Steady GrowthPairCorr
  0.97JMCGX Jacob Micro CapPairCorr
  0.97JMIGX Jacob Micro CapPairCorr
  0.93VSGAX Vanguard Small CapPairCorr
  0.93VSGIX Vanguard Small CapPairCorr
  0.93VISGX Vanguard Small CapPairCorr
  0.95VEXPX Vanguard ExplorerPairCorr
  0.95VEXRX Vanguard ExplorerPairCorr
  0.92JGMIX Janus TritonPairCorr
  0.92JGMRX Janus TritonPairCorr
  0.92JGMAX Janus TritonPairCorr
  0.92JGMCX Janus TritonPairCorr
  0.91JGMNX Janus TritonPairCorr
  0.87VSTSX Vanguard Total StockPairCorr
  0.87VSMPX Vanguard Total StockPairCorr
  0.82VITSX Vanguard Total StockPairCorr
  0.85VFFSX Vanguard 500 IndexPairCorr
  0.8VFIAX Vanguard 500 IndexPairCorr
  0.85VINIX Vanguard InstitutionalPairCorr
  0.87VTSAX Vanguard Total StockPairCorr
  0.87VSMAX Vanguard Small CapPairCorr
  0.69FEQIX Fidelity Equity IncomePairCorr
  0.69DMA Destra Multi AlternativePairCorr
  0.88RIFYX Victory Rs SciencePairCorr
  0.78FFIDX Fidelity Fund FidelityPairCorr
  0.9VMGRX Vanguard Mid CapPairCorr
  0.8SECIX Guggenheim Large CapPairCorr
  0.88UBVSX Undiscovered ManagersPairCorr
  0.74VVIAX Vanguard Value IndexPairCorr
  0.81VBIAX Vanguard Balanced IndexPairCorr

Related Correlations Analysis

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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.

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