Jacob Micro Correlations

Mutual Funds . USA . 
Fund . Jacob Micro Cap
JMCGX Fund  USD 24.12  0.21  0.86%   
The current 90-days correlation between Jacob Micro Cap and Small Pany Growth is 0.57 (i.e., Very weak diversification). The correlation of Jacob Micro 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 Micro Correlation With Market

Very weak diversification

The correlation between Jacob Micro Cap and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacob Micro 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 Micro 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

  0.97JAMFX Jacob InternetPairCorr
  0.98JSCGX Jacob Small CapPairCorr
  0.94VSMAX Vanguard Small CapPairCorr
  0.94VSCIX Vanguard Small CapPairCorr
  0.94VSCPX Vanguard Small CapPairCorr
  0.94NAESX Vanguard Small CapPairCorr
  0.92FSSNX Fidelity Small CapPairCorr
  0.92DFSTX Us Small CapPairCorr
  0.79PASVX T Rowe PricePairCorr
  0.78PRVIX T Rowe PricePairCorr
  0.78TRZVX T Rowe PricePairCorr
  0.78PRSVX T Rowe PricePairCorr
  0.82WWNPX Kinetics ParadigmPairCorr
  0.85KMKCX Kinetics Market OppoPairCorr
  0.8LSHUX Horizon Spin OffPairCorr
  0.8LSHCX Horizon Spin OffPairCorr
  0.82KNPCX Kinetics ParadigmPairCorr
  0.85KMKAX Kinetics Market OppoPairCorr
  0.82KNPAX Kinetics ParadigmPairCorr
  0.82KNPYX Kinetics ParadigmPairCorr
  0.91ELFNX Elfun Trusts ElfunPairCorr
  0.65AMECX Income FundPairCorr
  0.8CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.95AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.86JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.85CSCO Cisco SystemsPairCorr
  0.88DIS Walt DisneyPairCorr

Moving against Jacob Mutual Fund

  0.84JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.77KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.67MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.39GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.33DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY