Jones Lang Correlations

JLL Stock

USD 253.27 1.39 0.55%

The current 90-days correlation between Jones Lang LaSalle and Colliers International Group is 0.8 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jones Lang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jones Lang LaSalle moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jones Lang Correlation With Market

Poor diversification

The correlation between Jones Lang LaSalle and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jones Lang LaSalle and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Jones Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jones Lang LaSalle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Jones Stock

0.79	KW	Kennedy Wilson Holdings	Pair Corr
0.62	EXPI	eXp World Holdings Potential Growth	Pair Corr
0.64	AEI	Alset Ehome International	Pair Corr
0.8	BHM	Bluerock Homes Trust	Pair Corr
0.84	CBL	CBL Associates Properties	Pair Corr
0.92	CWK	Cushman Wakefield plc	Pair Corr
0.83	FOR	Forestar Group	Pair Corr
0.61	FSV	FirstService Corp Earnings Call This Week	Pair Corr
0.9	ONL	Orion Office Reit	Pair Corr
0.82	TCI	Transcontinental Realty	Pair Corr
0.97	NMRK	Newmark Group Potential Growth	Pair Corr
0.8	NXDT	NexPoint Strategic	Pair Corr
0.89	DX	Dynex Capital Earnings Call Tomorrow	Pair Corr
0.62	HR	Healthcare Realty Trust Sell-off Trend	Pair Corr
0.76	PK	Park Hotels Resorts	Pair Corr
0.86	UE	Urban Edge Properties	Pair Corr
0.86	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.81	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.8	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.83	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.85	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.76	VNO-PL	Vornado Realty Trust	Pair Corr

Moving against Jones Stock

0.53	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.5	UK	Ucommune International	Pair Corr
0.57	GIPRW	Generation Income	Pair Corr
0.39	XIN	Xinyuan Real Estate	Pair Corr
0.57	WETH	Wetouch Technology Common	Pair Corr
0.34	EQIX	Equinix	Pair Corr

Related Correlations Analysis

	CWK	CIGI	CSGP	NMRK	CBRE	MMI	FSV	FRPH	TCI	MAYS
CWK		0.94	0.35	0.91	0.94	0.28	0.75	0.22	0.87	-0.4	CWK
CIGI	0.94		0.5	0.92	0.95	0.39	0.74	0.15	0.86	-0.32	CIGI
CSGP	0.35	0.5		0.6	0.57	0.79	0.28	-0.11	0.4	0.15	CSGP
NMRK	0.91	0.92	0.6		0.95	0.55	0.65	0.13	0.79	-0.23	NMRK
CBRE	0.94	0.95	0.57	0.95		0.52	0.68	0.13	0.9	-0.22	CBRE
MMI	0.28	0.39	0.79	0.55	0.52		0.23	0.02	0.28	0.32	MMI
FSV	0.75	0.74	0.28	0.65	0.68	0.23		0.33	0.63	-0.37	FSV
FRPH	0.22	0.15	-0.11	0.13	0.13	0.02	0.33		0.13	-0.27	FRPH
TCI	0.87	0.86	0.4	0.79	0.9	0.28	0.63	0.13		-0.26	TCI
MAYS	-0.4	-0.32	0.15	-0.23	-0.22	0.32	-0.37	-0.27	-0.26		MAYS
	CWK	CIGI	CSGP	NMRK	CBRE	MMI	FSV	FRPH	TCI	MAYS

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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

CBRE	+ 0.95	CIGI
CBRE	+ 0.95	NMRK
CIGI	+ 0.94	CWK
CBRE	+ 0.94	CWK
NMRK	+ 0.92	CIGI
NMRK	+ 0.91	CWK

High negative correlations

MAYS	- 0.4	CWK
MAYS	- 0.37	FSV
MAYS	- 0.32	CIGI
MAYS	- 0.27	FRPH
MAYS	- 0.26	TCI
MAYS	- 0.23	NMRK

Risk-Adjusted Indicators

There is a big difference between Jones Stock performing well and Jones Lang Company 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 Jones Lang'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
CWK	2.00	0.20	0.14	0.22	2.16	(2.25)	4.44	(3.61)	14.24
CIGI	1.19	0.14	0.09	0.25	1.43	(1.26)	2.39	(2.51)	9.39
CSGP	1.27	(0.02)	(0.01)	0.11	2.31	(1.25)	2.72	(2.50)	14.25
NMRK	1.73	(0.02)	0.04	0.12	2.23	(1.91)	4.35	(3.20)	16.00
CBRE	1.12	0.08	0.06	0.19	1.72	(1.11)	3.11	(1.88)	10.62
MMI	1.41	(0.18)	0.00	(0.02)	0.00	0.00	2.72	(3.16)	7.96
FSV	0.76	0.01	(0.04)	0.15	1.05	(0.72)	1.77	(1.87)	5.62
FRPH	1.11	(0.09)	(0.08)	0.02	1.46	(1.17)	2.45	(2.75)	10.22
TCI	2.45	0.38	0.12	0.44	2.72	(2.69)	5.69	(4.97)	17.22
MAYS	1.73	(0.13)	0.00	5.81	0.00	0.00	3.83	(5.61)	16.12

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