Cohen Steers Correlations

CSUAX Fund

USD 22.96 0.11 0.48%

The current 90-days correlation between Cohen Steers Global and Cohen Steers Global is 0.73 (i.e., Poor 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

Very weak diversification

The correlation between Cohen Steers Global and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Global 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 Global. 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 nation.

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

0.79	RAPAX	Cohen Steers Real	Pair Corr
0.79	RAPIX	Cohen Steers Real	Pair Corr
0.8	RAPCX	Cohen Steers Real	Pair Corr
0.78	RAPZX	Cohen Steers Real	Pair Corr
0.79	RAPRX	Cohen Steers Real	Pair Corr
0.94	CIRRX	Cohen Steers Real	Pair Corr
0.89	IRFZX	Cohen Steers Intl	Pair Corr
0.88	IRFAX	Cohen Steers Interna	Pair Corr
0.89	IRFCX	Cohen Steers Interna	Pair Corr
0.88	IRFIX	Cohen Steers Interna	Pair Corr
0.88	IRFRX	Cohen Steers Intl	Pair Corr
0.94	CREFX	Cohen Steers Real	Pair Corr
0.94	CSCIX	Cohen Steers Real	Pair Corr
0.94	CSDIX	Cohen Steers Real	Pair Corr
0.94	CSEIX	Cohen Steers Real	Pair Corr
0.95	CSFZX	Cohen Steers Global	Pair Corr
0.95	CSFCX	Cohen Steers Global	Pair Corr
0.95	CSFAX	Cohen Steers Global	Pair Corr
0.9	CSJCX	Cohen Steers Realty	Pair Corr
0.94	CSJAX	Cohen Steers Realty	Pair Corr
0.94	CSJZX	Cohen Steers Realty	Pair Corr
0.94	CSJRX	Cohen Steers Realty	Pair Corr

Moving against Cohen Mutual Fund

0.69	LPXFX	Cohen Steers Low	Pair Corr
0.68	LPXZX	Cohen Steers Low	Pair Corr
0.68	LPXIX	Cohen Steers Low	Pair Corr
0.65	LPXRX	Cohen Steers Low	Pair Corr
0.64	LPXAX	Cohen Steers Low	Pair Corr
0.58	LPXCX	Cohen Steers Low	Pair Corr
0.53	PISHX	Cohen Steers Preferred	Pair Corr
0.86	IWRFX	Voya Russia Fund	Pair Corr

Related Correlations Analysis

	CSFAX	CSEIX	IRFAX	DVFAX	FGIAX
CSFAX		0.99	0.95	-0.38	0.89	CSFAX
CSEIX	0.99		0.91	-0.43	0.91	CSEIX
IRFAX	0.95	0.91		-0.2	0.76	IRFAX
DVFAX	-0.38	-0.43	-0.2		-0.51	DVFAX
FGIAX	0.89	0.91	0.76	-0.51		FGIAX
	CSFAX	CSEIX	IRFAX	DVFAX	FGIAX

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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

CSEIX	+ 0.99	CSFAX
IRFAX	+ 0.95	CSFAX
IRFAX	+ 0.91	CSEIX
FGIAX	+ 0.91	CSEIX
FGIAX	+ 0.89	CSFAX
FGIAX	+ 0.76	IRFAX

High negative correlations

FGIAX	- 0.51	DVFAX
DVFAX	- 0.43	CSEIX
DVFAX	- 0.38	CSFAX
DVFAX	- 0.2	IRFAX

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
CSFAX	0.72	(0.14)	0.00	(0.25)	0.00	0.00	1.15	(1.72)	4.58
CSEIX	0.86	(0.16)	0.00	(0.25)	0.00	0.00	1.41	(1.76)	5.15
IRFAX	0.67	(0.15)	0.00	(0.35)	0.00	0.00	1.30	(1.43)	4.21
DVFAX	0.37	0.01	(0.13)	0.25	0.44	(0.40)	0.76	(0.78)	1.94
FGIAX	0.71	(0.10)	0.00	(0.14)	0.00	0.00	1.30	(1.52)	6.58

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