Jacob Small Correlations

JSIGX Fund

USD 24.50 0.25 1.01%

The current 90-days correlation between Jacob Small Cap and WisdomTree Asia Defense is 0.13 (i.e., Average 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

Very good diversification

The correlation between Jacob Small Cap and DJI is -0.22 (i.e., Very good 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

0.96	JAMFX	Jacob Internet	Pair Corr
1.0	JSCGX	Jacob Small Cap	Pair Corr
0.78	JMCGX	Jacob Micro Cap	Pair Corr
0.77	JMIGX	Jacob Micro Cap	Pair Corr

Moving against Jacob Mutual Fund

0.59	GAAVX	Gmo Alternative Allo	Pair Corr
0.41	FFBTX	Fidelity Freedom Blend	Pair Corr
0.37	FTYPX	Fidelity Freedom Index	Pair Corr
0.35	GABFX	Gmo Asset Allocation	Pair Corr
0.79	ARYCX	Real Estate Fund	Pair Corr
0.71	OEPSX	Oil Equipment Services Steady Growth	Pair Corr
0.69	FJSCX	Fidelity Japan Smaller	Pair Corr
0.61	RSYTX	Strategic Bond	Pair Corr
0.54	MSTMX	Morningstar Multisector	Pair Corr
0.53	DIBAX	Dreyfus International	Pair Corr
0.52	QEVOX	Quantified Evolution Plus	Pair Corr
0.49	AMFFX	American Mutual	Pair Corr
0.48	AMFCX	American Mutual	Pair Corr
0.41	CEUFX	Europacific Growth	Pair Corr
0.4	GUSOX	Gmo Trust	Pair Corr
0.4	FEGOX	First Eagle Gold Steady Growth	Pair Corr
0.35	GCAVX	Gmo Small Cap	Pair Corr
0.31	AAAUX	Strategic Allocation:	Pair Corr
0.94	SOAEX	Spirit Of America	Pair Corr
0.71	PXCZX	Virtus Tax Exempt	Pair Corr

Related Correlations Analysis

	NVDB	RYMIX	ICOI	GWILX	EBUF	TOPC	CUSRX	RYRHX	WDAF
NVDB		0.06	0.11	-0.05	0.22	0.16	-0.12	0.0	0.17	NVDB
RYMIX	0.06		-0.86	-0.67	0.89	0.79	0.74	0.8	0.77	RYMIX
ICOI	0.11	-0.86		0.59	-0.74	-0.48	-0.51	-0.54	-0.69	ICOI
GWILX	-0.05	-0.67	0.59		-0.72	-0.69	-0.59	-0.66	-0.61	GWILX
EBUF	0.22	0.89	-0.74	-0.72		0.84	0.8	0.85	0.92	EBUF
TOPC	0.16	0.79	-0.48	-0.69	0.84		0.88	0.94	0.67	TOPC
CUSRX	-0.12	0.74	-0.51	-0.59	0.8	0.88		0.97	0.74	CUSRX
RYRHX	0.0	0.8	-0.54	-0.66	0.85	0.94	0.97		0.75	RYRHX
WDAF	0.17	0.77	-0.69	-0.61	0.92	0.67	0.74	0.75		WDAF
	NVDB	RYMIX	ICOI	GWILX	EBUF	TOPC	CUSRX	RYRHX	WDAF

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	+ 0.97	CUSRX
RYRHX	+ 0.94	TOPC
WDAF	+ 0.92	EBUF
EBUF	+ 0.89	RYMIX
CUSRX	+ 0.88	TOPC
RYRHX	+ 0.85	EBUF

High negative correlations

ICOI	- 0.86	RYMIX
EBUF	- 0.74	ICOI
EBUF	- 0.72	GWILX
TOPC	- 0.69	GWILX
WDAF	- 0.69	ICOI
GWILX	- 0.67	RYMIX

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	3.23	(0.15)	0.00	(0.01)	0.00	0.00	6.00	(6.51)	20.06
RYMIX	0.81	0.22	0.18	0.33	0.77	(0.94)	1.83	(1.39)	4.93
ICOI	2.38	(0.71)	0.00	(0.21)	0.00	0.00	5.27	(5.14)	17.29
GWILX	1.64	(0.80)	0.00	(0.60)	0.00	0.00	1.61	(1.71)	50.83
EBUF	0.19	0.03	(0.12)	0.26	0.00	(0.20)	0.46	(0.34)	1.13
TOPC	0.53	0.00	(0.01)	0.08	0.62	(0.54)	1.22	(1.11)	3.25
CUSRX	1.16	0.06	0.08	0.11	1.12	(1.36)	2.91	(2.61)	7.17
RYRHX	0.89	0.08	0.08	0.14	0.90	(1.01)	1.97	(1.81)	5.62
WDAF	1.23	0.20	0.13	0.41	1.09	(1.43)	3.73	(1.97)	7.93

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