Jacob Small Correlations

JSCGX Fund

USD 26.19 1.01 4.01%

The current 90-days correlation between Jacob Small Cap and Jacob Internet Fund is 0.8 (i.e., Very poor 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 0.71 (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 rate.

Moving together with Jacob Mutual Fund

0.92	JAMFX	Jacob Internet	Pair Corr
1.0	JSIGX	Jacob Small Cap	Pair Corr
0.98	JMCGX	Jacob Micro Cap	Pair Corr
0.98	JMIGX	Jacob Micro Cap	Pair Corr
0.91	VSGAX	Vanguard Small Cap	Pair Corr
0.91	VSGIX	Vanguard Small Cap	Pair Corr
0.91	VISGX	Vanguard Small Cap	Pair Corr
0.88	VEXPX	Vanguard Explorer	Pair Corr
0.88	VEXRX	Vanguard Explorer	Pair Corr
0.82	JGMIX	Janus Triton	Pair Corr
0.82	JGMRX	Janus Triton	Pair Corr
0.82	JGMAX	Janus Triton	Pair Corr
0.82	JGMCX	Janus Triton	Pair Corr
0.82	JGMNX	Janus Triton	Pair Corr
0.9	ASG	Liberty All Star	Pair Corr
0.95	CII	Blackrock Enhanced	Pair Corr
0.88	ETV	Eaton Vance Tax	Pair Corr
0.84	CLM	Cornerstone Strategic	Pair Corr
0.88	CRF	Cornerstone Strategic	Pair Corr
0.91	ETY	Eaton Vance Tax	Pair Corr
0.87	NFJ	Virtus Dividend Interest	Pair Corr
0.84	FRIRRX	Frirrx	Pair Corr
0.89	PIORX	Pioneer Fund Class	Pair Corr
0.94	FXAIX	Fidelity 500 Index	Pair Corr
0.96	PTY	Pimco Corporate Income	Pair Corr
0.91	FMFIX	Free Market Fixed	Pair Corr
0.93	SWLSX	Schwab Large Cap	Pair Corr
0.84	AHYCX	Invesco High Yield	Pair Corr
0.87	TEMHX	Tiaa Cref Emerging	Pair Corr
0.95	RRTIX	T Rowe Price	Pair Corr
0.82	TRDIX	Transamerica Dividend	Pair Corr
0.95	VIGIX	Vanguard Growth Index	Pair Corr
0.95	FSPGX	Fidelity Large Cap	Pair Corr
0.85	JFR	Nuveen Floating Rate	Pair Corr
0.88	JDURX	Prudential Utility	Pair Corr

Moving against Jacob Mutual Fund

0.75

IFN

India Closed

Pair Corr

Related Correlations Analysis

	JAMFX	JMCGX	NESGX	OBSOX
JAMFX		0.86	0.92	0.91	JAMFX
JMCGX	0.86		0.68	0.79	JMCGX
NESGX	0.92	0.68		0.93	NESGX
OBSOX	0.91	0.79	0.93		OBSOX
	JAMFX	JMCGX	NESGX	OBSOX

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	1.34	0.11	0.11	0.16	1.48	(1.51)	2.60	(3.07)	6.58
JMCGX	1.23	0.24	0.20	0.27	1.05	(1.43)	2.88	(2.17)	8.26
NESGX	1.28	0.05	0.08	0.12	1.29	(1.54)	3.07	(2.51)	7.40
OBSOX	0.90	0.03	0.04	0.12	0.95	(0.97)	1.93	(1.79)	4.96

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