Cohen Steers Correlations

CSEIX Fund

USD 16.48 0.11 0.66%

The current 90-days correlation between Cohen Steers Real and Voya High Yield is 0.34 (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

Weak diversification

The correlation between Cohen Steers Real and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Real 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 Real. 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 gross domestic product.

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

0.94	O	Realty Income Earnings Call This Week	Pair Corr
0.86	HR	Healthcare Realty Trust	Pair Corr
0.78	KW	Kennedy Wilson Holdings Earnings Call This Week	Pair Corr
0.82	UE	Urban Edge Properties	Pair Corr
0.85	WY	Weyerhaeuser	Pair Corr
0.83	ADC-PA	Agree Realty	Pair Corr
0.88	DOUG	Douglas Elliman	Pair Corr
0.97	VICI	VICI Properties Earnings Call This Week	Pair Corr
0.84	ELME	Elme Communities Upward Rally	Pair Corr
0.9	EPRT	Essential Properties	Pair Corr
0.71	ESRT	Empire State Realty Earnings Call This Week	Pair Corr
0.64	WHLR	Wheeler Real Estate	Pair Corr
0.81	EXPI	eXp World Holdings Earnings Call This Week	Pair Corr

Moving against Cohen Mutual Fund

0.49	MITT-PC	AG Mortgage Investment Earnings Call This Week	Pair Corr
0.42	CDR-PC	Cedar Realty Trust Downward Rally	Pair Corr

Related Correlations Analysis

	IPIMX	FPIOX	PHDTX	NMHYX	SHYIX
IPIMX		0.98	0.96	0.95	0.98	IPIMX
FPIOX	0.98		0.96	0.96	0.97	FPIOX
PHDTX	0.96	0.96		0.98	0.96	PHDTX
NMHYX	0.95	0.96	0.98		0.95	NMHYX
SHYIX	0.98	0.97	0.96	0.95		SHYIX
	IPIMX	FPIOX	PHDTX	NMHYX	SHYIX

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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
IPIMX	0.15	0.01	0.04	0.29	0.07	(0.20)	0.46	(0.23)	1.04
FPIOX	0.15	0.01	0.05	0.19	0.06	(0.22)	0.46	(0.23)	1.04
PHDTX	0.11	0.02	0.07	0.28	0.00	(0.15)	0.22	(0.22)	0.68
NMHYX	0.11	0.01	0.04	0.14	0.00	(0.15)	0.24	(0.24)	0.71
SHYIX	0.14	0.01	0.05	0.26	0.02	(0.21)	0.49	(0.25)	1.25

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