Jamf Holding Correlations

JAMF Etf

USD 9.27 0.04 0.43%

The current 90-days correlation between Jamf Holding and Paycor HCM is -0.13 (i.e., Good 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

Very poor diversification

The correlation between Jamf Holding and DJI is 0.82 (i.e., Very 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

0.88	PD	Pagerduty	Pair Corr
0.75	QH	Quhuo	Pair Corr
0.9	WK	Workiva	Pair Corr
0.93	VMEO	Vimeo Inc	Pair Corr
0.82	EGHT	8x8 Common Stock	Pair Corr
0.64	ESTC	Elastic NV	Pair Corr
0.83	EXFY	Expensify	Pair Corr
0.68	FMTO	Femto Technologies Symbol Change	Pair Corr
0.61	API	Agora Inc	Pair Corr

Moving against Jamf Etf

0.66	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.56	EGAN	eGain	Pair Corr
0.55	VTEX	VTEX	Pair Corr
0.53	DUOL	Duolingo	Pair Corr
0.52	DOMO	Domo Inc	Pair Corr
0.42	VERX	Vertex	Pair Corr
0.4	VERB	Verb Technology Downward Rally	Pair Corr
0.37	AMODW	Alpha Modus Holdings, Symbol Change	Pair Corr
0.36	DUOT	Duos Technologies	Pair Corr
0.6	BSY	Bentley Systems	Pair Corr
0.58	DHX	DHI Group	Pair Corr
0.56	MFI	mF International Downward Rally	Pair Corr
0.52	LIF	Life360, Common Stock	Pair Corr
0.51	ETWO	E2open Parent Holdings	Pair Corr
0.41	DBD	Diebold Nixdorf,	Pair Corr
0.41	FROG	Jfrog	Pair Corr
0.39	BMR	Beamr Imaging	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.91	0.74	0.81	0.47	0.67	0.53	0.9	-0.17	0.13	META
MSFT	0.91		0.89	0.84	0.54	0.37	0.43	0.94	-0.47	-0.17	MSFT
UBER	0.74	0.89		0.89	0.46	0.26	0.61	0.91	-0.51	-0.19	UBER
F	0.81	0.84	0.89		0.49	0.56	0.7	0.9	-0.21	0.17	F
T	0.47	0.54	0.46	0.49		0.25	0.14	0.58	-0.17	0.13	T
A	0.67	0.37	0.26	0.56	0.25		0.6	0.47	0.55	0.7	A
CRM	0.53	0.43	0.61	0.7	0.14	0.6		0.54	0.17	0.31	CRM
JPM	0.9	0.94	0.91	0.9	0.58	0.47	0.54		-0.38	0.03	JPM
MRK	-0.17	-0.47	-0.51	-0.21	-0.17	0.55	0.17	-0.38		0.72	MRK
XOM	0.13	-0.17	-0.19	0.17	0.13	0.7	0.31	0.03	0.72		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

JPM	+ 0.94	MSFT
MSFT	+ 0.91	META
JPM	+ 0.91	UBER
JPM	+ 0.9	META
JPM	+ 0.9	F
UBER	+ 0.89	MSFT

High negative correlations

MRK	- 0.51	UBER
MRK	- 0.47	MSFT
MRK	- 0.38	JPM
MRK	- 0.21	F
XOM	- 0.19	UBER
MRK	- 0.17	T

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	2.11	0.23	0.08	0.16	2.52	(2.36)	4.23	(4.29)	21.50
MSFT	1.23	0.32	0.20	0.33	1.19	(1.34)	2.40	(2.36)	13.79
UBER	1.90	0.22	0.09	0.18	2.28	(2.09)	4.19	(3.48)	16.18
F	1.69	0.10	0.04	0.12	2.24	(1.72)	2.90	(3.84)	13.07
T	1.15	0.06	0.03	0.22	1.77	(1.16)	2.01	(2.62)	8.83
A	1.78	(0.08)	0.00	(0.05)	0.00	0.00	2.76	(4.15)	14.45
CRM	1.59	(0.12)	0.00	(0.08)	0.00	0.00	3.01	(3.64)	13.13
JPM	1.32	0.24	0.11	0.23	1.95	(1.38)	2.75	(2.12)	11.14
MRK	1.62	(0.25)	0.00	(0.34)	0.00	0.00	2.55	(4.72)	10.58
XOM	1.28	0.00	0.00	0.02	2.24	(1.20)	2.62	(2.77)	10.53

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