Jacob Micro Cap Fund Market Value
| JMCGX Fund | USD 24.12 0.21 0.86% |
| Symbol | Jacob |
Jacob Micro 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Jacob Micro's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Jacob Micro.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Jacob Micro on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Jacob Micro Cap or generate 0.0% return on investment in Jacob Micro over 30 days. Jacob Micro is related to or competes with Small Pany, Jacob Internet, Jacob Small, Amer Beacon, and Needham Small. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its ... More
Jacob Micro Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Jacob Micro's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Jacob Micro Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.0865 | |||
| Maximum Drawdown | 5.98 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 2.19 |
Jacob Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jacob Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jacob Micro's standard deviation. In reality, there are many statistical measures that can use Jacob Micro historical prices to predict the future Jacob Micro's volatility.| Risk Adjusted Performance | 0.1244 | |||
| Jensen Alpha | 0.1146 | |||
| Total Risk Alpha | 0.0424 | |||
| Sortino Ratio | 0.0886 | |||
| Treynor Ratio | 0.2121 |
Jacob Micro Cap Backtested Returns
Jacob Micro appears to be very steady, given 3 months investment horizon. Jacob Micro Cap holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Jacob Micro Cap, which you can use to evaluate the volatility of the entity. Please utilize Jacob Micro's Market Risk Adjusted Performance of 0.2221, downside deviation of 1.23, and Risk Adjusted Performance of 0.1244 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.94, which attests to possible diversification benefits within a given portfolio. Jacob Micro returns are very sensitive to returns on the market. As the market goes up or down, Jacob Micro is expected to follow.
Auto-correlation | -0.35 |
Poor reverse predictability
Jacob Micro Cap has poor reverse predictability. Overlapping area represents the amount of predictability between Jacob Micro time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Jacob Micro Cap price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Jacob Micro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Jacob Micro Cap lagged returns against current returns
Autocorrelation, which is Jacob Micro mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Jacob Micro's mutual fund expected returns. We can calculate the autocorrelation of Jacob Micro returns to help us make a trade decision. For example, suppose you find that Jacob Micro has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Jacob Micro regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Jacob Micro mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jacob Micro mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jacob Micro mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Jacob Micro Lagged Returns
When evaluating Jacob Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jacob Micro mutual fund have on its future price. Jacob Micro autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Jacob Micro autocorrelation shows the relationship between Jacob Micro mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Jacob Micro Cap.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Jacob Mutual Fund
Jacob Micro financial ratios help investors to determine whether Jacob Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Jacob with respect to the benefits of owning Jacob Micro security.
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