Jamf Holding Correlations

JAMF Etf

USD 8.43 0.15 1.81%

The current 90-days correlation between Jamf Holding and Clearwater Analytics Holdings is 0.53 (i.e., Very weak diversification). The correlation of Jamf Holding 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.

Jamf Holding Correlation With Market

Poor diversification

The correlation between Jamf Holding and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jamf Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Jamf Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jamf Holding. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in Jamf Etf please use our How to Invest in Jamf Holding guide.

Moving together with Jamf Etf

0.77	VERX	Vertex	Pair Corr
0.9	VMEO	Vimeo Inc Earnings Call This Week	Pair Corr
0.74	EPWK	EPWK Holdings	Pair Corr
0.84	WETO	Webus International	Pair Corr
0.77	FICO	Fair Isaac Earnings Call This Week	Pair Corr

Moving against Jamf Etf

0.89	AZ	A2Z Smart Technologies	Pair Corr
0.87	VS	Versus Systems	Pair Corr
0.86	EGAN	eGain	Pair Corr
0.81	DOMO	Domo Inc Tech Boost	Pair Corr
0.77	U	Unity Software	Pair Corr
0.72	VERB	Verb Technology	Pair Corr
0.68	AMODW	Alpha Modus Holdings, Symbol Change	Pair Corr
0.67	DV	DoubleVerify Holdings	Pair Corr
0.6	VTSI	VirTra Inc	Pair Corr
0.57	YB	Yuanbao American Dep Tech Boost	Pair Corr
0.52	BL	Blackline	Pair Corr
0.51	DT	Dynatrace Holdings LLC	Pair Corr
0.47	VTEX	VTEX	Pair Corr
0.9	BSY	Bentley Systems	Pair Corr
0.88	DBD	Diebold Nixdorf,	Pair Corr
0.85	DHX	DHI Group	Pair Corr
0.72	ETWO	E2open Parent Holdings	Pair Corr
0.66	HIT	Health In Tech, Tech Boost	Pair Corr
0.65	API	Agora Inc	Pair Corr
0.64	BMR	Beamr Imaging Tech Boost	Pair Corr
0.6	CYN	Cyngn Inc	Pair Corr
0.59	GTM	ZoomInfo Technologies Symbol Change	Pair Corr
0.58	CXM	Sprinklr	Pair Corr
0.56	ELWS	Earlyworks Co,	Pair Corr
0.54	EGHT	8x8 Common Stock	Pair Corr
0.41	FROG	Jfrog	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.97	0.82	0.79	0.56	0.92	0.17	0.93	0.21	0.51	META
MSFT	0.97		0.84	0.83	0.51	0.86	0.17	0.95	0.23	0.5	MSFT
UBER	0.82	0.84		0.88	0.41	0.78	0.46	0.85	0.18	0.44	UBER
F	0.79	0.83	0.88		0.42	0.8	0.16	0.89	0.43	0.68	F
T	0.56	0.51	0.41	0.42		0.63	0.11	0.46	0.35	0.27	T
A	0.92	0.86	0.78	0.8	0.63		0.15	0.86	0.36	0.63	A
CRM	0.17	0.17	0.46	0.16	0.11	0.15		0.09	-0.33	-0.21	CRM
JPM	0.93	0.95	0.85	0.89	0.46	0.86	0.09		0.32	0.59	JPM
MRK	0.21	0.23	0.18	0.43	0.35	0.36	-0.33	0.32		0.54	MRK
XOM	0.51	0.5	0.44	0.68	0.27	0.63	-0.21	0.59	0.54		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MSFT	+ 0.97	META
JPM	+ 0.95	MSFT
JPM	+ 0.93	META
A	+ 0.92	META
JPM	+ 0.89	F
F	+ 0.88	UBER

High negative correlations

MRK	- 0.33	CRM
XOM	- 0.21	CRM

Jamf Holding Competition Risk-Adjusted Indicators

There is a big difference between Jamf Etf performing well and Jamf Holding ETF 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 Jamf Holding'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
META	1.47	0.27	0.25	0.41	0.82	(1.79)	3.99	(2.00)	10.48
MSFT	0.84	0.33	0.36	0.63	0.00	(1.04)	2.33	(1.03)	8.85
UBER	1.60	0.05	0.05	0.25	1.44	(1.99)	4.19	(2.54)	10.87
F	1.29	0.10	0.04	0.33	1.40	(1.40)	2.69	(2.33)	7.46
T	1.00	(0.02)	(0.12)	0.14	1.30	(1.05)	2.35	(2.35)	5.71
A	1.53	(0.10)	0.02	0.14	1.77	(1.61)	2.82	(2.89)	14.01
CRM	1.30	(0.17)	(0.04)	0.09	1.64	(1.29)	2.95	(3.19)	9.31
JPM	0.88	0.19	0.16	0.40	0.54	(1.01)	2.25	(1.31)	6.03
MRK	1.40	(0.08)	(0.04)	0.13	1.82	(1.38)	2.90	(3.31)	10.58
XOM	1.10	(0.01)	(0.10)	0.16	1.39	(1.07)	2.18	(2.58)	6.28

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