Jacob Internet Correlations

JAMFX Fund

USD 7.42 0.11 1.46%

The current 90-days correlation between Jacob Internet and Kinetics Internet Fund is 0.5 (i.e., Very weak diversification). The correlation of Jacob Internet 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 Internet Correlation With Market

Poor diversification

The correlation between Jacob Internet Fund and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacob Internet Fund 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 Internet Fund. 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	HPE-PC	Hewlett Packard Ente	Pair Corr
0.92	JSCGX	Jacob Small Cap Steady Growth	Pair Corr

Moving against Jacob Mutual Fund

0.7	OUSTZ	Ouster, Warrants	Pair Corr
0.66	OUSTW	Ouster, Warrants	Pair Corr
0.62	MYSE	Myseum,	Pair Corr
0.55	ODYS	Odysightai Common Stock	Pair Corr
0.53	VISL	Vislink Technologies	Pair Corr
0.48	ZEOWW	Zeo Energy Corp	Pair Corr
0.47	DVLT	Datavault AI Symbol Change	Pair Corr
0.46	NOVA	Sunnova Energy Inter	Pair Corr
0.44	APCXW	AppTech Payments Corp	Pair Corr
0.42	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.38	FAASW	DigiAsia Corp	Pair Corr
0.37	VEEAW	Veea Inc Symbol Change	Pair Corr
0.36	HPAIW	Helport AI Limited	Pair Corr
0.47	APCX	Apptech Corp	Pair Corr

Related Correlations Analysis

	WWWFX	INPIX	TEFQX	BFOCX	ROGSX
WWWFX		0.34	0.58	0.43	0.53	WWWFX
INPIX	0.34		0.57	0.87	0.54	INPIX
TEFQX	0.58	0.57		0.71	0.95	TEFQX
BFOCX	0.43	0.87	0.71		0.73	BFOCX
ROGSX	0.53	0.54	0.95	0.73		ROGSX
	WWWFX	INPIX	TEFQX	BFOCX	ROGSX

Risk-Adjusted Indicators

There is a big difference between Jacob Mutual Fund performing well and Jacob Internet 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 Internet'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
WWWFX	1.12	(0.09)	(0.07)	0.01	1.37	(1.17)	2.34	(2.19)	6.61
INPIX	1.12	0.04	0.05	0.13	1.21	(1.24)	2.67	(1.94)	7.55
TEFQX	1.17	0.11	0.06	0.19	1.58	(1.31)	2.85	(1.76)	9.62
BFOCX	1.21	0.19	0.09	0.33	1.54	(1.28)	2.68	(2.60)	7.88
ROGSX	0.68	0.12	0.10	0.24	0.67	(0.74)	1.51	(1.14)	4.33

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