Jacob Small Correlations

Mutual Funds . USA . 
Fund . Jacob Small Cap
JSIGX Fund  USD 31.09  0.25  0.80%   
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 0.62 (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 price.

Moving together with Jacob Mutual Fund

  1.0JSCGX Jacob Small CapPairCorr
  0.76JMCGX Jacob Micro CapPairCorr
  0.86JMIGX Jacob Micro CapPairCorr
  0.82VSGAX Vanguard Small CapPairCorr
  0.76VSGIX Vanguard Small CapPairCorr
  0.82VISGX Vanguard Small CapPairCorr
  0.92VEXPX Vanguard ExplorerPairCorr
  0.8VEXRX Vanguard ExplorerPairCorr
  0.9JGMIX Janus TritonPairCorr
  0.81JGMRX Janus TritonPairCorr
  0.81JGMAX Janus TritonPairCorr
  0.81JGMCX Janus TritonPairCorr
  0.82JGMNX Janus TritonPairCorr
  0.69SGDLX Sprott Gold EquityPairCorr
  0.71FIJDX Gold Portfolio Fidelity Steady GrowthPairCorr
  0.66IOGYX Invesco Gold Special Steady GrowthPairCorr
  0.73OGMIX Oppenheimer Gold Special Steady GrowthPairCorr
  0.71FGPMX Franklin Gold AndPairCorr
  0.67FEGOX First Eagle Gold Steady GrowthPairCorr
  0.61KF Korea ClosedPairCorr
  0.72VWSTX Vanguard Short TermPairCorr
  0.87LHYOX Lord Abbett HighPairCorr
  0.75PLMIX Pimco Emerging MarketsPairCorr
  0.7ABLOX Alger Balanced PortfolioPairCorr
  0.69HUBAX Hartford Ultrashort BondPairCorr
  0.75VEIGX Vanguard Global EsgPairCorr
  0.83AVCNX American Century EtfPairCorr
  0.68VWELX Vanguard WellingtonPairCorr
  0.63EKBAX Wells Fargo DiversifiedPairCorr
  0.66UISBX Short Term BondPairCorr
  0.67EPASX Ep Emerging MarketsPairCorr
  0.63STFAX State Street EquityPairCorr
  0.91VHYAX Vanguard High DividendPairCorr
  0.8TWN Taiwan ClosedPairCorr
  0.81ANTMX Nt International SmallPairCorr

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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