Jacob Small Correlations

Mutual Funds . USA . 
Fund . Jacob Small Cap
JSIGX Fund  USD 24.30  0.05  0.21%   
The current 90-days correlation between Jacob Small Cap and Gmo Emerging Markets is -0.11 (i.e., Good 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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  1.0JSCGX Jacob Small CapPairCorr
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  0.98JMIGX Jacob Micro Cap Steady GrowthPairCorr
  0.92VSGAX Vanguard Small CapPairCorr
  0.94VSGIX Vanguard Small CapPairCorr
  0.94VISGX Vanguard Small CapPairCorr
  0.94VEXPX Vanguard ExplorerPairCorr
  0.94VEXRX Vanguard ExplorerPairCorr
  0.96JGMIX Janus TritonPairCorr
  0.96JGMRX Janus TritonPairCorr
  0.93JGMAX Janus TritonPairCorr
  0.96JGMCX Janus TritonPairCorr
  0.93JGMNX Janus TritonPairCorr
  0.86LIIAX Columbia Porate IncomePairCorr
  0.85SRINX Columbia Porate IncomePairCorr
  0.95WRHIX Ivy High IncomePairCorr
  0.95WHIAX Ivy High IncomePairCorr
  0.95IHIFX Ivy High IncomePairCorr
  0.95IVHIX Ivy High IncomePairCorr
  0.95AAUTX Thrivent Large CapPairCorr
  0.75WIPIX Wells Fargo AdvantagePairCorr
  0.93HDGSX Hartford DividendPairCorr
  0.96PVQNX Pimco Realpath BlendPairCorr
  0.9PGLRX Putnam Global EquityPairCorr
  0.91FRIFX Fidelity Real EstatePairCorr
  0.88APIIX Api Multi AssetPairCorr
  0.93FGULX Federated GovernmentPairCorr
  0.93VIMAX Vanguard Mid CapPairCorr
  0.95FGWMX Fidelity New MarketsPairCorr
  0.91BXFCX Barings Global FloatingPairCorr
  0.96OSTVX Osterweis StrategicPairCorr
  0.94FIANX Fa Strategic IncomePairCorr
  0.88FLTDX Nuveen Limited TermPairCorr
  0.93MXBOX Great West LifetimePairCorr
  0.76GREZX Global Real EstatePairCorr
  0.95TRFFX T Rowe PricePairCorr
  0.97FLXIX Forum FundsPairCorr
  0.96JSMGX Janus TritonPairCorr

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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