Jacob Finance Correlations
| JCFN Stock | 2,050 18.00 0.87% |
The current 90-days correlation between Jacob Finance And and Suny Cellular Communication is 0.02 (i.e., Significant diversification). The correlation of Jacob Finance 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.
Jacob Finance Correlation With Market
Good diversification
The correlation between Jacob Finance And and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacob Finance And and DJI in the same portfolio, assuming nothing else is changed.
Jacob |
The ability to find closely correlated positions to Jacob Finance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jacob Finance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jacob Finance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jacob Finance And to buy it.
Moving together with Jacob Stock
| 0.71 | MCMN | Michman Basad | PairCorr |
| 0.84 | ISCD | Isracard | PairCorr |
| 0.86 | NAWI | Nawi Brothers Group | PairCorr |
| 0.86 | MNIF | Menif Financial Services | PairCorr |
| 0.88 | PEN | Peninsula Group | PairCorr |
| 0.63 | MLRN | MLRN Projects | PairCorr |
| 0.64 | HOD | Hod Assaf Industries | PairCorr |
| 0.62 | ALRPR | Alrov Properties Lodgings | PairCorr |
| 0.7 | AVIV | Mordechai Aviv Taasiot | PairCorr |
| 0.79 | GVYM | GavYam Lands Corp | PairCorr |
| 0.72 | JBNK | Jerusalem | PairCorr |
Moving against Jacob Stock
| 0.9 | AVRT | Avrot Industries | PairCorr |
| 0.79 | BULL | Bull Trading And | PairCorr |
| 0.56 | DANH | Dan Hotels | PairCorr |
| 0.55 | BLND | Blender Financial | PairCorr |
Related Correlations Analysis
| 0.76 | 0.74 | 0.73 | 0.8 | 0.71 | 0.76 | HRON | ||
| 0.76 | 0.76 | 0.81 | 0.86 | 0.82 | 0.81 | ADGR | ||
| 0.74 | 0.76 | 0.62 | 0.75 | 0.84 | 0.88 | SNCM | ||
| 0.73 | 0.81 | 0.62 | 0.93 | 0.72 | 0.75 | ORON | ||
| 0.8 | 0.86 | 0.75 | 0.93 | 0.89 | 0.89 | MRIN | ||
| 0.71 | 0.82 | 0.84 | 0.72 | 0.89 | 0.93 | MTDS | ||
| 0.76 | 0.81 | 0.88 | 0.75 | 0.89 | 0.93 | ARAD | ||
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Risk-Adjusted Indicators
There is a big difference between Jacob Stock performing well and Jacob Finance Company 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 Finance'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HRON | 0.56 | 0.06 | (0.03) | 0.96 | 0.77 | 2.19 | 6.67 | |||
| ADGR | 1.53 | 0.13 | 0.01 | 5.51 | 1.96 | 3.26 | 9.49 | |||
| SNCM | 1.37 | 0.15 | 0.05 | 0.57 | 1.34 | 4.00 | 8.86 | |||
| ORON | 1.43 | 0.25 | 0.05 | (0.39) | 1.40 | 3.64 | 9.68 | |||
| MRIN | 1.75 | 0.64 | 0.25 | 2.26 | 1.60 | 4.42 | 8.78 | |||
| MTDS | 1.91 | 0.61 | 0.26 | 0.87 | 1.76 | 3.86 | 14.18 | |||
| ARAD | 2.10 | 0.56 | 0.20 | 1.85 | 1.92 | 5.47 | 13.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Jacob Finance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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