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$91.76
Both lenses score −3 to +3, in different senses: on Market Lens, +3 is strongly supportive conditions; on Valuation Lens, +3 is very cheap against modeled fair value.
Market Lens
- Trend
- Downtrend
- Volatility
- Normal
- Vs trend
- Near trend
Real Estate asset-class score
-0.9
Cautious
US real estate is in a downtrend near trend and gained on 16 October. Its strongest related force is the 7.40% mortgage rate, which raises the discount rate on property cash flows, with inflation-anchored yields adding pressure.
Full evidence →Valuation Lens
-1.2Somewhat expensive
- Median fair value
- 94.0market = 100
- 1y modeled return
- +5.5%
Representative benchmark: a thin cap-rate premium over Treasuries puts price about 6% above modeled median value.
Full distribution →Risk profile
- Annualised volatility
- 18.9%
- Max drawdown
- -34.5%
- 5y return (CAGR)
- 0.9%
CorePortfolio eligible
Realized statistics from five years of monthly total returns. Historical risk is context, not a forecast.
Reading the two together
Both lenses are cautiousConditions are unsupportive and the model puts fair value below the market price. The lenses agree on the downside.
Market Lens -0.9 (asset class)Valuation Lens -1.2 (instrument)
Technical
Supporting and opposing conditions
Supportive
- Positive five-day change of 1.22%
Opposing
- Largest class weight in a downtrend