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.
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

  0.77VERX VertexPairCorr
  0.9VMEO Vimeo Inc Earnings Call This WeekPairCorr
  0.74EPWK EPWK HoldingsPairCorr
  0.84WETO Webus InternationalPairCorr
  0.77FICO Fair Isaac Earnings Call This WeekPairCorr

Moving against Jamf Etf

  0.89AZ A2Z Smart TechnologiesPairCorr
  0.87VS Versus SystemsPairCorr
  0.86EGAN eGainPairCorr
  0.81DOMO Domo Inc Tech BoostPairCorr
  0.77U Unity SoftwarePairCorr
  0.72VERB Verb TechnologyPairCorr
  0.68AMODW Alpha Modus Holdings, Symbol ChangePairCorr
  0.67DV DoubleVerify HoldingsPairCorr
  0.6VTSI VirTra IncPairCorr
  0.57YB Yuanbao American Dep Tech BoostPairCorr
  0.52BL BlacklinePairCorr
  0.51DT Dynatrace Holdings LLCPairCorr
  0.47VTEX VTEXPairCorr
  0.9BSY Bentley SystemsPairCorr
  0.88DBD Diebold Nixdorf,PairCorr
  0.85DHX DHI GroupPairCorr
  0.72ETWO E2open Parent HoldingsPairCorr
  0.66HIT Health In Tech, Tech BoostPairCorr
  0.65API Agora IncPairCorr
  0.64BMR Beamr Imaging Tech BoostPairCorr
  0.6CYN Cyngn IncPairCorr
  0.59GTM ZoomInfo Technologies Symbol ChangePairCorr
  0.58CXM SprinklrPairCorr
  0.56ELWS Earlyworks Co,PairCorr
  0.54EGHT 8x8 Common StockPairCorr
  0.41FROG JfrogPairCorr

Related Correlations Analysis

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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   
MSFTMETA
JPMMSFT
JPMMETA
AMETA
JPMF
FUBER
  
High negative correlations   
MRKCRM
XOMCRM

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.47  0.27  0.25  0.41  0.82 
 3.99 
 10.48 
MSFT  0.84  0.33  0.36  0.63  0.00 
 2.33 
 8.85 
UBER  1.60  0.05  0.05  0.25  1.44 
 4.19 
 10.87 
F  1.29  0.10  0.04  0.33  1.40 
 2.69 
 7.46 
T  1.00 (0.02)(0.12) 0.14  1.30 
 2.35 
 5.71 
A  1.53 (0.10) 0.02  0.14  1.77 
 2.82 
 14.01 
CRM  1.30 (0.17)(0.04) 0.09  1.64 
 2.95 
 9.31 
JPM  0.88  0.19  0.16  0.40  0.54 
 2.25 
 6.03 
MRK  1.40 (0.08)(0.04) 0.13  1.82 
 2.90 
 10.58 
XOM  1.10 (0.01)(0.10) 0.16  1.39 
 2.18 
 6.28