Jhancock Real Correlations

JYEBX Fund

USD 12.11 0.03 0.25%

The current 90-days correlation between Jhancock Real Estate and Versatile Bond Portfolio is 0.34 (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

Very weak diversification

The correlation between Jhancock Real Estate and DJI is 0.59 (i.e., Very weak 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

0.65	DX	Dynex Capital Earnings Call Today	Pair Corr
0.85	FR	First Industrial Realty	Pair Corr
0.7	OZ	Belpointe PREP LLC	Pair Corr
0.64	UE	Urban Edge Properties	Pair Corr
0.69	WY	Weyerhaeuser Earnings Call This Week	Pair Corr
0.69	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.65	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.66	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.68	DOUG	Douglas Elliman	Pair Corr
0.8	VNO-PL	Vornado Realty Trust	Pair Corr
0.76	VNO-PM	Vornado Realty Trust	Pair Corr
0.71	VNO-PN	Vornado Realty Trust	Pair Corr
0.64	MITT-PA	AG Mortgage Investment	Pair Corr
0.76	MITT-PB	AG Mortgage Investment	Pair Corr
0.79	MITT-PC	AG Mortgage Investment	Pair Corr
0.84	ELME	Elme Communities	Pair Corr
0.64	WELL	Welltower Earnings Call This Week	Pair Corr
0.7	ESBA	Empire State Realty	Pair Corr
0.66	CDR-PC	Cedar Realty Trust	Pair Corr
0.75	ESRT	Empire State Realty Earnings Call Tomorrow	Pair Corr

Moving against Jhancock Mutual Fund

0.65	WHLR	Wheeler Real Estate	Pair Corr
0.64	WETH	Wetouch Technology Common	Pair Corr
0.47	ADC	Agree Realty Earnings Call Today	Pair Corr
0.35	FCPT	Four Corners Property	Pair Corr

Related Correlations Analysis

	PRVBX	SGYAX	AAEZX	BTFRX	TTRBX	DODLX
PRVBX		0.86	0.85	0.91	0.91	0.91	PRVBX
SGYAX	0.86		0.98	0.93	0.97	0.92	SGYAX
AAEZX	0.85	0.98		0.94	0.97	0.94	AAEZX
BTFRX	0.91	0.93	0.94		0.96	0.93	BTFRX
TTRBX	0.91	0.97	0.97	0.96		0.98	TTRBX
DODLX	0.91	0.92	0.94	0.93	0.98		DODLX
	PRVBX	SGYAX	AAEZX	BTFRX	TTRBX	DODLX

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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
PRVBX	0.09	0.02	(0.72)	0.83	0.00	(0.10)	0.20	(0.17)	0.63
SGYAX	0.17	0.06	(0.30)	0.56	0.00	(0.29)	0.59	(0.14)	0.99
AAEZX	0.23	0.04	(0.15)	0.31	0.00	(0.31)	0.61	(0.40)	1.83
BTFRX	0.17	0.01	(0.33)	0.19	0.09	(0.21)	0.27	(0.27)	1.19
TTRBX	0.16	0.03	(0.50)	0.74	0.00	(0.21)	0.40	(0.20)	0.82
DODLX	0.22	0.03	(0.30)	0.90	0.10	(0.26)	0.46	(0.37)	1.21

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