| CSRSX Fund | | | USD 70.22 0.44 0.62% |
The current 90-days correlation between Cohen Steers Realty and Utilities Fund Investor is 0.49 (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 0.09 (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.
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