Cohen Steers Correlations

CPXCX Fund

USD 12.21 0.06 0.49%

The current 90-days correlation between Cohen Steers Prefrd and Ab Bond Inflation is 0.3 (i.e., Weak diversification). The correlation of Cohen Steers 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.

Cohen Steers Correlation With Market

Modest diversification

The correlation between Cohen Steers Prefrd and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Prefrd and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cohen Steers Prefrd. 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 main economic indicators.

For more information on how to buy Cohen Mutual Fund please use our How to Invest in Cohen Steers guide.

Moving together with Cohen Mutual Fund

0.65	PISHX	Cohen Steers Preferred	Pair Corr
0.99	CPRRX	Cohen Steers Preferred	Pair Corr
0.97	CPXIX	Cohen Steers Prfrd	Pair Corr
0.98	CPXFX	Cohen Steers Preferred	Pair Corr
0.98	CPXAX	Cohen Steers Preferd	Pair Corr
0.98	CPXZX	Cohen Steers Preferred	Pair Corr

Related Correlations Analysis

	ANBIX	SLFYX	AMFAX	RYIFX	LIFAX	TIIHX	FIFGX
ANBIX		0.48	-0.09	-0.29	0.44	0.89	0.0	ANBIX
SLFYX	0.48		0.14	-0.14	0.7	0.61	0.73	SLFYX
AMFAX	-0.09	0.14		0.67	0.47	-0.11	0.48	AMFAX
RYIFX	-0.29	-0.14	0.67		0.38	-0.27	0.41	RYIFX
LIFAX	0.44	0.7	0.47	0.38		0.55	0.7	LIFAX
TIIHX	0.89	0.61	-0.11	-0.27	0.55		0.11	TIIHX
FIFGX	0.0	0.73	0.48	0.41	0.7	0.11		FIFGX
	ANBIX	SLFYX	AMFAX	RYIFX	LIFAX	TIIHX	FIFGX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TIIHX	+ 0.89	ANBIX
FIFGX	+ 0.73	SLFYX
LIFAX	+ 0.7	SLFYX
FIFGX	+ 0.7	LIFAX
RYIFX	+ 0.67	AMFAX
TIIHX	+ 0.61	SLFYX

High negative correlations

RYIFX	- 0.29	ANBIX
TIIHX	- 0.27	RYIFX
RYIFX	- 0.14	SLFYX
TIIHX	- 0.11	AMFAX
AMFAX	- 0.09	ANBIX
FIFGX	- 0.0	ANBIX

Risk-Adjusted Indicators

There is a big difference between Cohen Mutual Fund performing well and Cohen Steers 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 Cohen Steers' 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
ANBIX	0.13	0.00	(0.43)	1.71	0.14	(0.17)	0.29	(0.29)	0.78
SLFYX	0.18	0.01	(0.31)	0.41	0.14	(0.25)	0.39	(0.39)	0.91
AMFAX	0.50	0.02	(0.11)	(0.26)	0.62	(0.56)	0.94	(1.04)	2.78
RYIFX	0.46	0.04	(0.08)	0.83	0.51	(0.52)	0.92	(1.13)	2.67
LIFAX	0.11	0.01	(0.52)	0.50	0.00	(0.15)	0.26	(0.17)	0.78
TIIHX	0.14	(0.01)	(0.48)	(0.10)	0.14	(0.18)	0.29	(0.29)	0.86
FIFGX	0.70	0.06	(0.03)	5.53	0.79	(0.82)	1.72	(1.49)	4.94

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC