Jacob Small Correlations
| JSIGX Fund | USD 24.76 0.14 0.57% |
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
Good diversification
The correlation between Jacob Small Cap and DJI is -0.16 (i.e., 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.
Jacob |
Moving together with Jacob Mutual Fund
| 0.92 | JAMFX | Jacob Internet | PairCorr |
| 0.98 | JSCGX | Jacob Small Cap | PairCorr |
| 0.76 | JMCGX | Jacob Micro Cap | PairCorr |
| 0.75 | JMIGX | Jacob Micro Cap | PairCorr |
Moving against Jacob Mutual Fund
| 0.52 | GAAVX | Gmo Alternative Allo | PairCorr |
| 0.4 | GABFX | Gmo Asset Allocation | PairCorr |
| 0.34 | FFBTX | Fidelity Freedom Blend | PairCorr |
| 0.78 | ARYCX | Real Estate Fund | PairCorr |
| 0.66 | OEPSX | Oil Equipment Services Steady Growth | PairCorr |
| 0.63 | FJSCX | Fidelity Japan Smaller | PairCorr |
| 0.58 | RSYTX | Strategic Bond | PairCorr |
| 0.48 | DIBAX | Dreyfus International | PairCorr |
| 0.47 | MSTMX | Morningstar Multisector | PairCorr |
| 0.46 | QEVOX | Quantified Evolution Plus | PairCorr |
| 0.42 | AMFFX | American Mutual | PairCorr |
| 0.42 | AMFCX | American Mutual | PairCorr |
| 0.34 | CEUFX | Europacific Growth | PairCorr |
| 0.32 | GUSOX | Gmo Trust | PairCorr |
| 0.31 | FEGOX | First Eagle Gold | PairCorr |
| 0.93 | SOAEX | Spirit Of America | PairCorr |
| 0.65 | PXCZX | Virtus Tax Exempt | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JAMFX | 1.38 | (0.46) | 0.00 | (0.24) | 0.00 | 2.31 | 8.10 | |||
| JAMIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JSCGX | 1.30 | (0.25) | 0.00 | (0.13) | 0.00 | 2.72 | 8.23 | |||
| JSIGX | 1.34 | (0.22) | 0.00 | (2.36) | 0.00 | 2.71 | 8.24 | |||
| JMCGX | 1.09 | 0.00 | 0.00 | 0.05 | 1.33 | 2.59 | 7.40 | |||
| JMIGX | 1.10 | 0.00 | 0.00 | 0.05 | 1.32 | 2.56 | 7.42 | |||
| JWSFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MNDVUX | 0.53 | 0.11 | 0.07 | (0.52) | 0.47 | 1.38 | 4.98 | |||
| NWWAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |