JOF JAPAN SMALLER CAPITALIZATION FUND

XNYS
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Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

JOF — —
Key stats
About
Exchange
XNYS
Market Cap
$0.3B
List Date
1990-03-14
CIK
0000859796
Homepage
https://www.nomura-asset.com

Japan Smaller Capitalization Fund Inc is a closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investments in smaller capitalization Japanese equity securities. Its portfolio of investments consists of different sectors such as banks, chemicals, construction, electric appliances, financing business, food, Information and Communication, Utilities, Real Estate, and others.

Fund profile
International Equity Single Country JAPAN Japan Developed ex-US
Expense ratio
—
Assets
$300M
shares × price, Oct 21, 2026
Trailing yield
—
Average daily volume
$753K
30 sessions
Holdings
—
Listed
Mar 14, 1990
NYSE
FrenzyCap ETF score
41
how it is built
Costn/a
Liquidity29
Scale55
Diversificationn/a

Moves with. US large-cap stocks (27% of its variance, beta 0.79); Developed markets ex-US over US (12% of its variance, beta 0.71); Emerging markets over US (5% of its variance, beta 0.12); Gold (4% of its variance, beta 0.07). These factors explain 46% of its daily moves over the last year.

Overlap toolAll Single Country ETFs

Similar funds
FundOverlapFeeAssets1Y
EMXCiShares MSCI Emerging Markets ex China ETF—0.25%$25.8B+31.9%compare
EWJiShares MSCI Japan ETF—0.49%$23.7B+14.6%compare
EWYiShares MSCI South Korea ETF—0.59%$23.1B+73.5%compare
BBJPJPMorgan BetaBuilders Japan ETF—0.19%$19.2B+12.1%compare
EWZiShares MSCI Brazil ETF—0.59%$13.9B+40.7%compare

The largest other funds in the Single Country category.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-3.34%-3.17%6.45%0.26%-0.78%3.34%0.46%
Feb1.35%0.13%-2.73%1.16%3.94%8.80%2.11%
Mar1.86%-5.79%1.77%0.63%5.01%-10.29%-1.14%
Apr-2.57%-6.15%0.14%-3.55%7.72%2.07%-0.39%
May-0.22%-1.96%2.01%2.23%3.98%4.98%1.84%
Jun-1.53%-4.24%-0.28%-2.70%0.84%-0.42%-1.39%
Jul-1.34%4.27%3.19%6.75%-0.72%-3.37%1.46%
Aug2.00%-5.53%0.54%3.08%10.30%9.07%3.24%
Sep-1.95%-6.09%-4.56%3.76%-1.95%0.08%-1.78%
Oct-2.44%-3.23%-2.41%-7.39%-1.99%-5.84%*-3.88%
Nov-9.80%12.50%5.36%3.15%4.16%--3.07%
Dec-1.62%0.00%3.27%-2.91%4.43%--0.63%
Total-18.40%-18.95%12.86%3.69%40.01%6.89%4.35%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $12.36
SMA 50: $12.44
SMA 200: $11.70
Current: $11.78
EMA 12: $12.13
EMA 26: $12.28
MACD: -0.1519 | Signal: -0.0881
BEARISH
ADX (14): 17.33
RANGE
+DI: 17.48
−DI: 35.69

Momentum Oscillators

RSI (14): 30.76
NEUTRAL
Stoch %K: 4.57
Stoch %D: 3.33
Williams %R: -92.66

Volume & Volatility

BB Upper: $12.95
BB Lower: $11.78
NEUTRAL
OBV: 3,197,190
Vol SMA 20: 51,267
Vol ROC: 53.61%
ATR: $0.20
True Range: $0.14
HV 20: 15.3%
HV 30: 17.3%
HV 60: 18.5%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report: JOF

Executive Summary

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers:

  • Technical indicators suggest a range-bound market, with the stock consolidating around $12.00.
  • Recent news headlines are generally neutral, with no significant catalysts or events that could drive price action.

Primary Risks:

  • The stock's beta is relatively low at 0.86, indicating moderate volatility and potential for limited market moves.
  • No earnings data available, which limits the analysis of future performance.

Recent News Sentiment Impact: NEUTRAL

Technical Analysis

Trend Direction:

  • Short-term (1-4 weeks): Consolidating
  • Medium-term (1-3 months): Range-bound
  • Long-term (3-12 months): Bullish

Support/Resistance Levels:

  • Key price levels to monitor:
    • Upper Bollinger Band: $12.86
    • Middle Bollinger Band: $12.33
    • Lower Bollinger Band: $11.80

Momentum Signals:

  • RSI interpretation: Neutral (65.13)
  • MACD signal: Bullish (0.22 / 0.00 / 0.22)
  • Bollinger Bands position: Squeeze

Volume Analysis:

  • Volume SMA 20: 71187.66
  • On-Balance Volume (OBV): 2763884.13
  • Volume Rate of Change: -44.58%

News & Sentiment Analysis

Recent Headlines Summary:

  • No significant news headlines with a material impact on the stock price.

Sentiment Assessment: NEUTRAL

Catalyst Identification:

  • No upcoming events, earnings, or product launches that could drive price action.

Market Narrative:

  • The recent neutral sentiment and lack of market-moving news headlines suggest a consolidating market for JOF.

Risk & Volatility Assessment

Risk Metrics:

  • Beta: 0.86 (vs SPY)
  • Alpha: 0.04
  • Correlation: 0.55
  • Stock Volatility: 0.20 Interpretation: Moderate volatility - stock generally follows market

Options Market Signals:

  • No options data available

Downside Protection:

  • Support levels to monitor:
    • Lower Bollinger Band: $11.80
    • Previous lows: N/A

Market Context & Positioning

Sector Performance:

  • JOF is a diversified portfolio, making it difficult to determine its sector-specific performance.

Institutional Activity:

  • No unusual institutional activity or volume patterns suggesting interest.

Correlation Analysis:

  • Correlation with the market (R-squared interpretation): 0.55 - moderate correlation

Relative Valuation:

  • JOF's relative valuation is neutral, as the stock price has consolidated around $12.00.

Key Levels & Action Items

Critical Price Levels:

  • Upper Bollinger Band: $12.86
  • Middle Bollinger Band: $12.33
  • Lower Bollinger Band: $11.80

Breakout/Breakdown Levels:

  • No specific levels to monitor, as the stock is currently consolidating.

Time-Sensitive Catalysts:

  • No upcoming events or earnings releases that could drive price action.

Risk Management:

  • Consider stop-loss levels around $12.00 and position sizing considerations based on market conditions.

By analyzing JOF's technical indicators, news headlines, and risk metrics, we conclude that the stock is currently consolidating within a range-bound market. The lack of significant news or events suggests limited catalysts for price action in the short term. As such, our overall assessment is NEUTRAL, with a confidence level of 6/10.

Generated

JOF Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.8429
Alpha: 1.64%
Correlation: 0.5417
R-Squared: 29.3%
Stock Volatility: 19.8%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
Notable investors who own JOF
1 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Citadel Hedge fund
Ken Griffin
$457K
0.00%
#4563 of 6285new13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

JOF Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

57 filers20,648,123 shares$243.50M value
# Filer Shares Value % of Total % of Float Period
1 Allspring Global Investments Holdings, LLC 4,483,067 $52.81M 21.69% — 2026-06-30
2 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 3,894,571 $45.88M 18.84% — 2026-06-30
3 LAZARD ASSET MANAGEMENT LLC 3,560,978 $41.95M 17.23% — 2026-06-30
4 1607 Capital Partners, LLC 2,724,109 $32.09M 13.18% — 2026-06-30
5 Saba Capital Management, L.P. 1,948,781 $22.96M 9.43% — 2026-06-30
6 Bank of America Corp Custodian 443,293 $5.22M 2.14% — 2026-06-30
7 Karpus Management, Inc. 417,754 $4.92M 2.02% — 2026-06-30
8 Almitas Capital LLC 386,375 $4.55M 1.87% — 2026-06-30
9 Morgan Stanley Custodian 289,647 $3.41M 1.40% — 2026-06-30
10 Pekin Hardy Strauss, Inc. 281,705 $3.32M 1.36% — 2026-06-30
11 Mraz, Amerine & Associates, Inc. 202,362 $2.38M 0.98% — 2026-06-30
12 Bulldog Investors, LLP 187,557 $2.21M 0.91% — 2026-06-30
13 FLAGSHIP HARBOR ADVISORS, LLC 162,571 $1.92M 0.79% — 2026-06-30
14 LPL Financial LLC Custodian 150,688 $1.78M 0.73% — 2026-06-30
15 Altium Capital Management LLC 150,412 $1.77M 0.73% — 2026-06-30
16 RAFFLES ASSOCIATES LP 110,967 $1.31M 0.54% — 2026-06-30
17 Raymond James Financial, Inc. Custodian 106,861 $1.26M 0.52% — 2026-06-30
18 CIBC WORLD MARKET INC. 105,444 $1.24M 0.51% — 2026-06-30
19 Shaker Financial Services, LLC 93,079 $1.17M 0.48% — 2026-09-30
20 Hara Capital LLC 98,764 $1.16M 0.48% — 2026-06-30
21 Verition Fund Management LLC 79,538 $936.96K 0.38% — 2026-06-30
22 Barry Investment Advisors, LLC 73,554 $926.78K 0.38% — 2026-09-30
23 Noble Wealth Management PBC 72,405 $912.30K 0.37% — 2026-09-30
24 CSS LLC/IL 68,679 $809.04K 0.33% — 2026-06-30
25 Baird Financial Group, Inc. 63,423 $747.12K 0.31% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

JOF Insider Trading (Form 4)

Latest: 2026-10-20
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-10-20 Saba Capital Management, L.P. 10%+ Owner Buy (P) +46,222 $11.94 $551.9K EDGAR
2026-10-16 Saba Capital Management, L.P. 10%+ Owner Buy (P) +13,133 $12.33 $161.9K EDGAR
2025-12-23 Tina Jones Director Buy (P) +950 $10.80 $10.3K EDGAR
2025-09-19 David B Chemidlin Director Buy (P) +2,000 $10.90 $21.8K EDGAR
2025-01-14 Arthur Blake Laby Director Buy (P) +3,306 $7.56 $25.0K EDGAR
2024-12-11 Paige Ouimet Director Buy (P) +3,111 $8.02 $25.0K EDGAR
2023-06-29 Rodney A Buck Director Buy (P) +9,000 $7.42 $66.7K EDGAR
2015-07-29 Marcia L MacHarg Director Buy (P) +945 $10.61 $10.0K EDGAR
2013-05-31 E. Han Kim Director Buy (P) +5,000 $8.88 $44.4K EDGAR
2013-01-11 David B Chemidlin Director Buy (P) +130 $7.27 $944 EDGAR
2011-08-05 Chor Weng Tan Director Exer (X) +1,105 $7.60 $8.4K EDGAR
2011-08-05 Rodney A Buck Director Exer (X) +2,210 $7.60 $16.8K EDGAR
2009-10-08 Chor Weng Tan Director Sell (S) −1,340 $7.68 -$10.3K EDGAR
2008-09-17 Rodney A Buck Director Buy (P) +2,000 $7.40 $14.8K EDGAR
2007-12-28 Chor Weng Tan Director Buy (P) +500 $9.46 $4.7K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

JOF Insider Holdings

5 insiders · @ $11.78
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Saba Capital Management, L.P. 10%+ Owner 2,742,376 $32.31M $713.8K 2 2026-10-20
2 Arthur Blake Laby Director 3,306 $38.9K $25.0K 1 2025-01-14
3 Paige Ouimet Director 3,111 $36.6K $25.0K 1 2024-12-11
4 David B Chemidlin Director 2,432 $28.6K $22.7K 2 2025-09-19
5 Tina Jones Director 950 $11.2K $10.3K 1 2025-12-23
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
1 ETF hold JOF
1 shown · $7.64M total exposure
# ETF Provider Weight $ Exposure ETF AUM As Of
1 CEFS Saba Closed-End Funds ETF Nport 1.81% $7.6M — 2026-05-31
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.