Jhancock Real Correlations

JABFX Fund

USD 12.48 0.15 1.22%

The current 90-days correlation between Jhancock Real Estate and Fidelity Advisor Technology is 0.24 (i.e., Modest 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

Average diversification

The correlation between Jhancock Real Estate and DJI is 0.17 (i.e., Average 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 census.

Moving together with Jhancock Mutual Fund

0.65	FR	First Industrial Realty	Pair Corr
0.82	HR	Healthcare Realty Trust	Pair Corr
0.92	KW	Kennedy Wilson Holdings	Pair Corr
0.61	UE	Urban Edge Properties	Pair Corr
0.69	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.63	DOUG	Douglas Elliman	Pair Corr
0.77	VICI	VICI Properties	Pair Corr
0.69	ELME	Elme Communities	Pair Corr
0.82	EPRT	Essential Properties	Pair Corr
0.76	WELL	Welltower	Pair Corr
0.61	ESBA	Empire State Realty	Pair Corr
0.76	ESRT	Empire State Realty	Pair Corr
0.7	EXPI	eXp World Holdings	Pair Corr

Moving against Jhancock Mutual Fund

0.47

VTMX

Corporacin Inmobiliaria

Pair Corr

Related Correlations Analysis

	FIKHX	ITYYX	JAGTX	BSTSX	PGKCX	ROGSX	USSCX
FIKHX		0.64	-0.07	0.74	0.92	0.74	0.85	FIKHX
ITYYX	0.64		0.48	0.81	0.65	0.49	0.64	ITYYX
JAGTX	-0.07	0.48		0.36	-0.03	0.05	-0.13	JAGTX
BSTSX	0.74	0.81	0.36		0.75	0.67	0.82	BSTSX
PGKCX	0.92	0.65	-0.03	0.75		0.65	0.83	PGKCX
ROGSX	0.74	0.49	0.05	0.67	0.65		0.66	ROGSX
USSCX	0.85	0.64	-0.13	0.82	0.83	0.66		USSCX
	FIKHX	ITYYX	JAGTX	BSTSX	PGKCX	ROGSX	USSCX

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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

PGKCX	+ 0.92	FIKHX
USSCX	+ 0.85	FIKHX
USSCX	+ 0.83	PGKCX
USSCX	+ 0.82	BSTSX
BSTSX	+ 0.81	ITYYX
PGKCX	+ 0.75	BSTSX

High negative correlations

USSCX	- 0.13	JAGTX
JAGTX	- 0.07	FIKHX
PGKCX	- 0.03	JAGTX

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
FIKHX	1.05	0.02	0.00	0.06	1.91	(0.90)	1.79	(2.57)	9.58
ITYYX	1.18	0.06	0.02	0.12	2.38	(1.05)	2.36	(2.43)	12.95
JAGTX	0.98	(0.06)	0.00	(0.21)	0.00	0.00	1.64	(2.81)	12.41
BSTSX	1.04	0.08	0.04	0.39	1.70	(1.00)	2.03	(2.49)	8.24
PGKCX	1.08	0.04	0.02	6.33	1.55	(0.98)	2.15	(2.65)	6.34
ROGSX	0.92	0.00	(0.01)	0.02	1.56	(0.85)	1.50	(2.51)	8.31
USSCX	0.99	0.17	0.10	0.46	1.29	(0.97)	2.09	(1.88)	7.06

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