Jones Lang Correlations

JLL Stock

USD 250.25 3.07 1.21%

The current 90-days correlation between Jones Lang LaSalle and Colliers International Group is 0.77 (i.e., 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 0.63 (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.

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

0.77	FRPH	Frp Holdings Ord	Pair Corr
0.63	MMI	Marcus Millichap	Pair Corr
0.62	HOUS	Anywhere Real Estate	Pair Corr
0.88	NMRK	Newmark Group	Pair Corr
0.97	CBRE	CBRE Group Class	Pair Corr
0.63	DOUG	Douglas Elliman	Pair Corr

Moving against Jones Stock

0.39	TCI	Transcontinental Realty	Pair Corr
0.36	OZ	Belpointe PREP LLC	Pair Corr

Related Correlations Analysis

	CWK	CIGI	CSGP	NMRK	CBRE	MMI	FSV	FRPH	TCI	MAYS
CWK		0.93	-0.36	0.5	0.52	0.57	0.83	0.65	-0.1	-0.24	CWK
CIGI	0.93		-0.33	0.38	0.48	0.43	0.84	0.49	-0.14	-0.16	CIGI
CSGP	-0.36	-0.33		0.34	0.33	0.09	-0.48	-0.06	-0.23	-0.12	CSGP
NMRK	0.5	0.38	0.34		0.9	0.8	0.36	0.85	-0.17	-0.26	NMRK
CBRE	0.52	0.48	0.33	0.9		0.65	0.35	0.81	-0.37	0.0	CBRE
MMI	0.57	0.43	0.09	0.8	0.65		0.54	0.78	0.17	-0.33	MMI
FSV	0.83	0.84	-0.48	0.36	0.35	0.54		0.54	0.14	-0.17	FSV
FRPH	0.65	0.49	-0.06	0.85	0.81	0.78	0.54		-0.11	-0.14	FRPH
TCI	-0.1	-0.14	-0.23	-0.17	-0.37	0.17	0.14	-0.11		-0.14	TCI
MAYS	-0.24	-0.16	-0.12	-0.26	0.0	-0.33	-0.17	-0.14	-0.14		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

CIGI	+ 0.93	CWK
CBRE	+ 0.9	NMRK
FRPH	+ 0.85	NMRK
FSV	+ 0.84	CIGI
FSV	+ 0.83	CWK
FRPH	+ 0.81	CBRE

High negative correlations

FSV	- 0.48	CSGP
TCI	- 0.37	CBRE
CSGP	- 0.36	CWK
MAYS	- 0.33	MMI
CSGP	- 0.33	CIGI
MAYS	- 0.26	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	1.94	(0.41)	0.00	(0.32)	0.00	0.00	2.63	(4.90)	14.26
CIGI	1.37	(0.17)	0.00	(0.21)	0.00	0.00	2.05	(2.95)	12.51
CSGP	1.37	0.16	0.08	0.06	1.69	(1.42)	3.29	(3.23)	8.99
NMRK	1.86	(0.09)	0.00	(0.11)	0.00	0.00	3.77	(4.36)	13.66
CBRE	1.59	0.03	0.00	(0.05)	0.00	0.00	2.79	(4.28)	11.19
MMI	1.62	(0.09)	0.00	(0.15)	0.00	0.00	2.94	(3.82)	10.27
FSV	0.95	(0.10)	0.00	(0.21)	0.00	0.00	2.00	(2.62)	5.89
FRPH	1.10	(0.11)	0.00	(0.21)	0.00	0.00	1.81	(3.61)	7.96
TCI	1.63	0.01	0.04	(0.23)	1.90	(2.01)	4.17	(3.13)	12.24
MAYS	1.11	(0.15)	0.00	(3.34)	0.00	0.00	3.24	(3.61)	16.26

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