Jacob Internet Correlations

Mutual Funds . USA . 
Fund . Jacob Internet Fund
JAMFX Fund  USD 7.85  0.21  2.75%   
The current 90-days correlation between Jacob Internet and Kinetics Internet Fund is 0.42 (i.e., Very weak diversification). The correlation of Jacob Internet 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 Internet Correlation With Market

Poor diversification

The correlation between Jacob Internet Fund and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacob Internet Fund 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 Internet Fund. 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

  0.94HPE-PC Hewlett Packard EntePairCorr
  0.8RZLVW Rezolve AI LimitedPairCorr
  0.66ACFN Acorn Energy, CommonPairCorr
  0.66SMTK SmartKem, Common StockPairCorr

Moving against Jacob Mutual Fund

  0.82VISL Vislink TechnologiesPairCorr
  0.8APCXW AppTech Payments CorpPairCorr
  0.78OUSTZ Ouster, WarrantsPairCorr
  0.76OUSTW Ouster, WarrantsPairCorr
  0.75RCT RedCloud Holdings plc Earnings Call TodayPairCorr
  0.7FAASW DigiAsia CorpPairCorr
  0.68RAL Ralliant CommonPairCorr
  0.66MYSE Myseum, Symbol ChangePairCorr
  0.65VBIX Viewbix Common Stock Upward RallyPairCorr
  0.61CYCUW Cycurion, Warrant Symbol ChangePairCorr
  0.61ODYS Odysightai Common Stock Tech BoostPairCorr
  0.54VEEAW Veea IncPairCorr
  0.41EXOD Exodus Movement,PairCorr
  0.34YB Yuanbao American DepPairCorr
  0.31ZEOWW Zeo Energy CorpPairCorr
  0.84ARAI Arrive AIPairCorr
  0.72APCX Apptech CorpPairCorr
  0.69IFN India ClosedPairCorr
  0.68STRD MicroStrategy IncorporatedPairCorr
  0.65BNAIW Brand Engagement NetworkPairCorr
  0.62IIF Morgan Stanley IndiaPairCorr
  0.36STRF MicroStrategy IncorporatedPairCorr

Related Correlations Analysis


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

ROGSX
+ 0.95
BFOCX
ROGSX
+ 0.92
TEFQX
ROGSX
+ 0.9
INPIX
BFOCX
+ 0.89
TEFQX
TEFQX
+ 0.87
INPIX
BFOCX
+ 0.81
INPIX
  

High negative correlations

INPIX
- 0.34
WWWFX
ROGSX
- 0.19
WWWFX
BFOCX
- 0.12
WWWFX
TEFQX
- 0.1
WWWFX

Risk-Adjusted Indicators

There is a big difference between Jacob Mutual Fund performing well and Jacob Internet 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 Internet'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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