Jacob Micro Correlations

Mutual Funds . USA . 
Fund . Jacob Micro Cap
JMCGX Fund  USD 21.95  0.08  0.37%   
The current 90-days correlation between Jacob Micro Cap and Small Pany Growth is -0.08 (i.e., Good diversification). The correlation of Jacob Micro 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 Micro Correlation With Market

Very poor diversification

The correlation between Jacob Micro Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacob Micro 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 Micro 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

  0.92JAMFX Jacob InternetPairCorr
  0.98JSCGX Jacob Small CapPairCorr
  0.98JSIGX Jacob Small CapPairCorr
  1.0JMIGX Jacob Micro CapPairCorr
  0.92VSMAX Vanguard Small CapPairCorr
  0.92VSCIX Vanguard Small CapPairCorr
  0.92VSCPX Vanguard Small CapPairCorr
  0.92NAESX Vanguard Small CapPairCorr
  0.94FSSNX Fidelity Small CapPairCorr
  0.92DFSTX Us Small CapPairCorr
  0.94PASVX T Rowe PricePairCorr
  0.86PRVIX T Rowe PricePairCorr
  0.94TRZVX T Rowe PricePairCorr
  0.94PRSVX T Rowe PricePairCorr
  0.81NHS Neuberger Berman HighPairCorr
  0.89ARGDX One Choice 2060PairCorr
  0.75AVALX Aegis Value Fund Potential GrowthPairCorr
  0.89HIX Western Asset HighPairCorr
  0.85JPDIX Jpmorgan Preferred AndPairCorr
  0.91AFMFX American MutualPairCorr
  0.85IHOSX Hartford InternaPairCorr
  0.87PRGFX T Rowe PricePairCorr
  0.84DISRX International StockPairCorr
  0.85JSMAX Jpmorgan SmartretirementPairCorr
  0.83OAKIX Oakmark InternationalPairCorr
  0.82MSILX Litman Gregory MastersPairCorr
  0.82SAUPX Strategic Asset ManaPairCorr
  0.86TRGLX T Rowe PricePairCorr
  0.82RYHOX Nasdaq 100 FundPairCorr
  0.9JAKCX Jpmorgan SmartretirementPairCorr
  0.75GIOSX Guggenheim Macro OppPairCorr
  0.85PRRTX Putnman Retirement ReadyPairCorr
  0.84TSGAX Timothy Strategic GrowthPairCorr
  0.74PFIIX Pimco Floating IncomePairCorr
  0.87HFMVX Hartford MidcapPairCorr
  0.85NCZ Allianzgi ConvertiblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jacob Mutual Fund performing well and Jacob Micro 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 Micro'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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