Jhancock Real Correlations

JYEBX Fund

USD 13.40 0.08 0.60%

The current 90-days correlation between Jhancock Real Estate and Rational Strategic Allocation is 0.39 (i.e., Weak diversification). The correlation of Jhancock 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.

Jhancock Real Correlation With Market

Modest diversification

The correlation between Jhancock Real Estate and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Real Estate 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 Jhancock 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 bureau of labor statistics.

Moving together with Jhancock Mutual Fund

0.76	DX	Dynex Capital	Pair Corr
0.67	OZ	Belpointe PREP LLC	Pair Corr
0.66	UE	Urban Edge Properties	Pair Corr
0.65	VNO-PM	Vornado Realty Trust	Pair Corr
0.66	VNO-PN	Vornado Realty Trust	Pair Corr
0.72	MITT-PC	AG Mortgage Investment	Pair Corr
0.77	EPRT	Essential Properties	Pair Corr
0.8	EQIX	Equinix	Pair Corr
0.73	WELL	Welltower	Pair Corr

Moving against Jhancock Mutual Fund

0.57	PW	Power REIT	Pair Corr
0.41	VINO	Gaucho Group Holdings	Pair Corr
0.37	RC	Ready Capital Corp Sell-off Trend	Pair Corr
0.35	VTMX	Corporacin Inmobiliaria	Pair Corr
0.34	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.33	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.31	UK	Ucommune International	Pair Corr

Related Correlations Analysis

	RHSAX	GMCQX	QCERX	MSTSX	RTLCX	LBWCX
RHSAX		0.86	0.85	0.71	0.87	0.75	RHSAX
GMCQX	0.86		0.99	0.74	0.99	0.95	GMCQX
QCERX	0.85	0.99		0.71	0.99	0.96	QCERX
MSTSX	0.71	0.74	0.71		0.72	0.64	MSTSX
RTLCX	0.87	0.99	0.99	0.72		0.96	RTLCX
LBWCX	0.75	0.95	0.96	0.64	0.96		LBWCX
	RHSAX	GMCQX	QCERX	MSTSX	RTLCX	LBWCX

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Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock 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 Jhancock 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
RHSAX	0.93	(0.11)	(0.04)	0.04	1.34	(1.00)	1.97	(2.49)	7.38
GMCQX	0.60	(0.02)	(0.03)	0.10	0.71	(0.63)	1.42	(1.43)	4.57
QCERX	0.64	(0.01)	(0.01)	0.11	0.72	(0.70)	1.52	(1.22)	4.31
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
RTLCX	0.53	(0.02)	(0.04)	0.10	0.63	(0.57)	1.14	(1.47)	4.06
LBWCX	0.59	0.01	0.01	0.13	0.36	(0.73)	1.27	(0.93)	4.72

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