Jacob Small Correlations

Mutual Funds . USA . 
Fund . Jacob Small Cap
JSIGX Fund  USD 28.89  0.01  0.03%   
The current 90-days correlation between Jacob Small Cap and T Rowe Price is -0.17 (i.e., Good 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 0.69 (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

  0.94JSCGX Jacob Small CapPairCorr
  0.85JMCGX Jacob Micro CapPairCorr
  0.84JMIGX Jacob Micro CapPairCorr
  0.68JGMIX Janus TritonPairCorr
  0.74JGMRX Janus TritonPairCorr
  0.71JGMAX Janus TritonPairCorr
  0.74JGMCX Janus TritonPairCorr
  0.74JGMNX Janus TritonPairCorr
  0.63VTSAX Vanguard Total StockPairCorr
  0.7VFIAX Vanguard 500 IndexPairCorr
  0.7VTSMX Vanguard Total StockPairCorr
  0.7VSMPX Vanguard Total StockPairCorr
  0.7VITSX Vanguard Total StockPairCorr
  0.63VSTSX Vanguard Total StockPairCorr
  0.71VFINX Vanguard 500 IndexPairCorr
  0.64VFFSX Vanguard 500 IndexPairCorr
  0.63MLVRX Mfs Low VolatilityPairCorr
  0.82BPTRX Baron PartnersPairCorr

Related Correlations Analysis


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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