Jacob Small Correlations

JSIGX Fund

USD 22.23 0.30 1.37%

The current 90-days correlation between Jacob Small Cap and Jacob Internet Fund is 0.88 (i.e., Very poor 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 0.65 (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

0.92	JAMFX	Jacob Internet	Pair Corr
0.92	JSCGX	Jacob Small Cap Steady Growth	Pair Corr
0.97	JMCGX	Jacob Micro Cap	Pair Corr
0.97	JMIGX	Jacob Micro Cap	Pair Corr
0.94	VSGAX	Vanguard Small Cap	Pair Corr
0.94	VSGIX	Vanguard Small Cap	Pair Corr
0.95	VISGX	Vanguard Small Cap	Pair Corr
0.96	VEXPX	Vanguard Explorer	Pair Corr
0.96	VEXRX	Vanguard Explorer	Pair Corr
0.93	JGMIX	Janus Triton	Pair Corr
0.93	JGMRX	Janus Triton	Pair Corr
0.93	JGMAX	Janus Triton	Pair Corr
0.93	JGMCX	Janus Triton	Pair Corr
0.93	JGMNX	Janus Triton	Pair Corr
0.62	IVHIX	Ivy High Income	Pair Corr
0.61	IHIFX	Ivy High Income	Pair Corr
0.65	BGRFX	Baron Growth	Pair Corr
0.88	STENX	Northern Lights	Pair Corr
0.96	LMBAX	Qs Small Capitalization	Pair Corr
0.9	PRWAX	T Rowe Price	Pair Corr
0.84	FSRBX	Banking Portfolio Banking	Pair Corr
0.84	PWTAX	Ubs Allocation	Pair Corr
0.94	SSMOX	Steward Small Mid	Pair Corr
0.86	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.85	GAB	Gabelli Equity Trust	Pair Corr
0.94	RTSAX	Tax Managed Mid	Pair Corr
0.84	PEO	Adams Natural Resources	Pair Corr
0.72	GUMPX	Guggenheim Market Neutral	Pair Corr
0.9	AMGOX	Alger Mid Cap	Pair Corr
0.88	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.85	SDGTX	Deutsche Capital Growth	Pair Corr
0.96	PRDSX	T Rowe Price	Pair Corr

Related Correlations Analysis

	JAMFX	JAMIX	JSCGX	JMIGX	JWSFX	NWWAX	SMGASX	PWJQX
JAMFX		0.56	0.87	0.94	0.0	0.0	0.0	-0.54	JAMFX
JAMIX	0.56		0.5	0.57	0.0	0.0	0.0	-0.14	JAMIX
JSCGX	0.87	0.5		0.9	0.0	0.0	0.0	-0.27	JSCGX
JMIGX	0.94	0.57	0.9		0.0	0.0	0.0	-0.36	JMIGX
JWSFX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	JWSFX
NWWAX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NWWAX
SMGASX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SMGASX
PWJQX	-0.54	-0.14	-0.27	-0.36	0.0	0.0	0.0		PWJQX
	JAMFX	JAMIX	JSCGX	JMIGX	JWSFX	NWWAX	SMGASX	PWJQX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

JMIGX	+ 0.94	JAMFX
JMIGX	+ 0.9	JSCGX
JSCGX	+ 0.87	JAMFX
JMIGX	+ 0.57	JAMIX
JAMIX	+ 0.56	JAMFX
JSCGX	+ 0.5	JAMIX

High negative correlations

PWJQX	- 0.54	JAMFX
PWJQX	- 0.36	JMIGX
PWJQX	- 0.27	JSCGX
PWJQX	- 0.14	JAMIX
PWJQX	- 0.0	SMGASX
PWJQX	- 0.0	NWWAX

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
JAMFX	1.30	0.17	0.13	0.23	1.34	(1.48)	2.75	(2.37)	6.71
JAMIX	0.70	0.17	0.04	1.25	0.68	(1.97)	2.16	(1.18)	8.56
JSCGX	1.45	0.15	0.03	0.62	1.68	(1.59)	3.35	(3.08)	9.33
JMIGX	1.07	0.00	0.01	0.12	1.26	(1.15)	2.20	(1.87)	5.94
JWSFX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWJQX	0.78	(0.10)	0.00	(3.23)	0.00	0.00	1.59	(1.71)	5.55

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

2024 Macroaxis LLC