Jacob Small Correlations

JSCGX Fund  USD 20.64  0.07  0.34%   
The current 90-days correlation between Jacob Small Cap and Jacob Micro Cap is 0.92 (i.e., Almost no 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

Very weak diversification

The correlation between Jacob Small Cap and DJI is 0.5 (i.e., Very weak 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

  0.95JAMFX Jacob InternetPairCorr
  1.0JSIGX Jacob Small Cap Steady GrowthPairCorr
  0.81JMCGX Jacob Micro CapPairCorr
  0.81JMIGX Jacob Micro CapPairCorr
  0.63VSGAX Vanguard Small CapPairCorr
  0.66VSGIX Vanguard Small CapPairCorr
  0.66VISGX Vanguard Small CapPairCorr
  0.73JGMIX Janus TritonPairCorr
  0.72JGMRX Janus TritonPairCorr
  0.73JGMAX Janus TritonPairCorr
  0.72JGMCX Janus TritonPairCorr
  0.69JGMNX Janus TritonPairCorr

Related Correlations Analysis

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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   
NESGXOBSOX
OBSOXJMCGX
NESGXJMCGX
JAMFXJMCGX
OBSOXJAMFX
NESGXJAMFX
  
High negative correlations   
NESGXJFWD
OBSOXJFWD
JFWDJAMFX
JFWDJMCGX

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.