Jacob Small Correlations

Mutual Funds . USA . 
Fund . Jacob Small Cap
JSIGX Fund  USD 24.25  0.10  0.41%   
The current 90-days correlation between Jacob Small Cap and Elfun Diversified Fund is 0.65 (i.e., Poor diversification). 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 0.77 (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

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  0.92VSGAX Vanguard Small CapPairCorr
  0.94VSGIX Vanguard Small CapPairCorr
  0.94VISGX Vanguard Small CapPairCorr
  0.94VEXPX Vanguard ExplorerPairCorr
  0.94VEXRX Vanguard ExplorerPairCorr
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  0.96JGMRX Janus TritonPairCorr
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  0.94JGMNX Janus TritonPairCorr
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  0.93RYVLX Nasdaq 100 2xPairCorr
  0.95RYVYX Nasdaq 100 2xPairCorr
  0.95UOPIX Ultra Nasdaq 100PairCorr
  0.95RYCCX Nasdaq 100 2xPairCorr
  0.95UOPSX Ultranasdaq 100 ProfundPairCorr
  0.92INPIX Internet UltrasectorPairCorr
  0.91INPSX Internet UltrasectorPairCorr
  0.85BIPIX Biotechnology UltrasectorPairCorr
  0.9MSEQX Growth Portfolio ClassPairCorr
  0.85CFAGX Midcap GrowthPairCorr
  0.93RPSIX Spectrum IncomePairCorr
  0.86PONPX Pimco Incme FundPairCorr
  0.91TRMIX T Rowe PricePairCorr
  0.95UUSIX Ultra Short TermPairCorr
  0.92LANIX Qs Growth FundPairCorr
  0.91UGMVX Global Managed VolatilityPairCorr
  0.94QLMAGX Legg Mason PartnersPairCorr
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  0.91ETLAX Eventide Large CapPairCorr
  0.96CPARX Columbia Capital AllPairCorr
  0.91PYSGX Payden Strategic IncomePairCorr
  0.95AFPAX Americafirst IncomePairCorr
  0.95MMIEX Mm Sp 500PairCorr

Related Correlations Analysis

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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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