Real Estate Correlations

JIREX Fund

USD 12.36 0.15 1.23%

The current 90-days correlation between Real Estate Securities and Dana Large Cap is 0.26 (i.e., Modest diversification). The correlation of Real Estate 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.

Real Estate Correlation With Market

Average diversification

The correlation between Real Estate Securities and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Estate Securities 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 Real Estate Securities. 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 Real Mutual Fund

0.65	FR	First Industrial Realty	Pair Corr
0.81	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
0.7	ELME	Elme Communities	Pair Corr
0.8	EPRT	Essential Properties	Pair Corr
0.75	WELL	Welltower	Pair Corr
0.62	ESBA	Empire State Realty	Pair Corr
0.77	ESRT	Empire State Realty	Pair Corr
0.71	EXPI	eXp World Holdings	Pair Corr

Moving against Real Mutual Fund

0.46

VTMX

Corporacin Inmobiliaria

Pair Corr

Related Correlations Analysis

	DLCIX	LGPIX	ILESX	LMISX	VEIPX
DLCIX		0.05	0.6	0.56	0.56	DLCIX
LGPIX	0.05		0.64	0.6	0.12	LGPIX
ILESX	0.6	0.64		0.92	0.69	ILESX
LMISX	0.56	0.6	0.92		0.78	LMISX
VEIPX	0.56	0.12	0.69	0.78		VEIPX
	DLCIX	LGPIX	ILESX	LMISX	VEIPX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Real Mutual Fund performing well and Real Estate 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 Real Estate'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
DLCIX	0.92	(0.21)	0.00	(0.42)	0.00	0.00	1.06	(1.27)	21.92
LGPIX	0.73	0.08	0.05	3.65	1.02	(0.70)	1.55	(1.54)	5.87
ILESX	0.62	(0.01)	(0.02)	(0.12)	0.91	(0.64)	1.02	(1.43)	6.24
LMISX	0.68	0.03	0.02	0.09	1.13	(0.67)	1.27	(1.49)	6.65
VEIPX	0.50	(0.01)	(0.03)	(0.07)	0.68	(0.55)	1.04	(0.81)	5.85

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