Commonwealth Real Correlations

CNREX Fund

USD 25.84 0.54 2.13%

The current 90-days correlation between Commonwealth Real Estate and Commonwealth Global Fund is 0.08 (i.e., Significant diversification). The correlation of Commonwealth Real 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.

Commonwealth Real Correlation With Market

Weak diversification

The correlation between Commonwealth Real Estate and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commonwealth Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commonwealth Real Estate. 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 income.

Moving together with Commonwealth Mutual Fund

0.89	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.63	ADC-PA	Agree Realty	Pair Corr
0.68	VNO-PL	Vornado Realty Trust	Pair Corr
0.61	VNO-PO	Vornado Realty Trust	Pair Corr
0.69	MITT-PA	AG Mortgage Investment	Pair Corr
0.63	MITT-PB	AG Mortgage Investment	Pair Corr
0.78	EPRT	Essential Properties	Pair Corr
0.82	ESRT	Empire State Realty	Pair Corr

Moving against Commonwealth Mutual Fund

0.33	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.31	PW	Power REIT	Pair Corr
0.43	EMITF	Elbit Imaging	Pair Corr

Related Correlations Analysis

	CNGLX	CNZLX	MRESX	CNJFX	RYHRX
CNGLX		0.38	0.03	0.35	0.09	CNGLX
CNZLX	0.38		0.37	0.84	0.33	CNZLX
MRESX	0.03	0.37		0.11	0.82	MRESX
CNJFX	0.35	0.84	0.11		0.13	CNJFX
RYHRX	0.09	0.33	0.82	0.13		RYHRX
	CNGLX	CNZLX	MRESX	CNJFX	RYHRX

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Risk-Adjusted Indicators

There is a big difference between Commonwealth Mutual Fund performing well and Commonwealth Real 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 Commonwealth Real'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
CNGLX	0.54	0.00	(0.14)	0.00	0.78	(0.52)	1.28	(1.18)	3.95
CNZLX	0.63	(0.05)	0.00	(4.84)	0.00	0.00	1.51	(1.41)	4.06
MRESX	0.67	0.05	(0.07)	0.51	0.76	(0.74)	1.32	(1.33)	3.83
CNJFX	0.90	(0.17)	0.00	(0.19)	0.00	0.00	2.09	(1.83)	7.72
RYHRX	0.65	0.03	(0.07)	0.23	0.76	(0.63)	1.27	(1.39)	3.28

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