Cohen Steers Correlations

CSJCX Fund

USD 66.18 0.20 0.30%

The current 90-days correlation between Cohen Steers Realty and Wisdomtree Siegel Global is 0.5 (i.e., Very 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

Significant diversification

The correlation between Cohen Steers Realty and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Realty 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 Realty. 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

0.88	O	Realty Income	Pair Corr
0.81	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.85	HR	Healthcare Realty Trust	Pair Corr
0.87	KW	Kennedy Wilson Holdings	Pair Corr
0.78	UE	Urban Edge Properties	Pair Corr
0.9	WY	Weyerhaeuser	Pair Corr
0.89	ADC-PA	Agree Realty	Pair Corr
0.78	DOUG	Douglas Elliman	Pair Corr
0.62	VNO-PO	Vornado Realty Trust	Pair Corr
0.93	VICI	VICI Properties	Pair Corr
0.61	MITT-PB	AG Mortgage Investment	Pair Corr
0.88	ELME	Elme Communities	Pair Corr
0.72	EPRT	Essential Properties	Pair Corr
0.66	WELL	Welltower	Pair Corr
0.8	ESBA	Empire State Realty	Pair Corr
0.79	ESRT	Empire State Realty	Pair Corr
0.71	WHLR	Wheeler Real Estate	Pair Corr
0.82	EXPI	eXp World Holdings	Pair Corr

Moving against Cohen Mutual Fund

0.45	DX	Dynex Capital	Pair Corr
0.63	MITT-PC	AG Mortgage Investment	Pair Corr
0.53	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	EQTYX	BXFIX	MSTGX	ZGFIX	SMYIX	DBIWX	USLUX
EQTYX		-0.2	0.91	0.51	0.87	0.75	0.86	EQTYX
BXFIX	-0.2		0.08	0.56	0.07	-0.14	-0.16	BXFIX
MSTGX	0.91	0.08		0.66	0.86	0.74	0.81	MSTGX
ZGFIX	0.51	0.56	0.66		0.72	0.29	0.5	ZGFIX
SMYIX	0.87	0.07	0.86	0.72		0.54	0.78	SMYIX
DBIWX	0.75	-0.14	0.74	0.29	0.54		0.79	DBIWX
USLUX	0.86	-0.16	0.81	0.5	0.78	0.79		USLUX
	EQTYX	BXFIX	MSTGX	ZGFIX	SMYIX	DBIWX	USLUX

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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

MSTGX	+ 0.91	EQTYX
SMYIX	+ 0.87	EQTYX
USLUX	+ 0.86	EQTYX
SMYIX	+ 0.86	MSTGX
USLUX	+ 0.81	MSTGX
USLUX	+ 0.79	DBIWX

High negative correlations

BXFIX	- 0.2	EQTYX
USLUX	- 0.16	BXFIX
DBIWX	- 0.14	BXFIX

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
EQTYX	0.43	0.00	(0.12)	0.04	0.61	(0.53)	1.04	(0.92)	4.10
BXFIX	0.08	0.02	(0.47)	(1.94)	0.00	(0.23)	0.12	(0.12)	0.92
MSTGX	0.25	0.01	(0.19)	0.16	0.30	(0.32)	0.55	(0.33)	1.83
ZGFIX	0.43	0.05	(0.04)	0.33	0.64	(0.44)	0.92	(0.92)	3.69
SMYIX	0.65	(0.01)	(0.04)	0.08	1.06	(0.61)	1.48	(1.35)	4.86
DBIWX	0.25	(0.01)	(0.21)	(0.69)	0.38	(0.25)	0.49	(0.69)	1.86
USLUX	0.79	0.02	(0.04)	(0.91)	1.69	(0.80)	1.66	(1.59)	10.07

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