Cohen Steers Correlations

FOF Fund

USD 13.09 0.08 0.61%

The current 90-days correlation between Cohen Steers Closed and Allspring Income Opportunities is 0.37 (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.

Cohen Steers Correlation With Market

Very weak diversification

The correlation between Cohen Steers Closed and DJI is 0.52 (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 Closed and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Cohen Steers Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Cohen Fund please use our How to Invest in Cohen Steers guide.

Moving together with Cohen Fund

0.64	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.62	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.61	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.62	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.67	SMPSX	Semiconductor Ultrasector	Pair Corr
0.8	LETRX	Voya Russia Fund	Pair Corr
0.62	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.61	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.64	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.62	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.68	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.68	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.8	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.78	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.72	WMT	Walmart Aggressive Push	Pair Corr
0.78	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.89	HD	Home Depot	Pair Corr
0.75	T	ATT Inc Aggressive Push	Pair Corr

Moving against Cohen Fund

0.61	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.41	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	EAD	EOD	BSL	HPI	ERC	DHF	PHT	NCZ	FCT	GDO
EAD		0.46	-0.33	0.61	0.8	0.21	0.69	0.05	-0.13	0.62	EAD
EOD	0.46		0.16	0.76	0.3	0.79	0.77	0.73	0.39	-0.16	EOD
BSL	-0.33	0.16		-0.27	-0.63	0.48	0.09	0.68	0.63	-0.75	BSL
HPI	0.61	0.76	-0.27		0.59	0.51	0.72	0.32	0.2	0.16	HPI
ERC	0.8	0.3	-0.63	0.59		0.0	0.5	-0.28	-0.44	0.83	ERC
DHF	0.21	0.79	0.48	0.51	0.0		0.6	0.8	0.56	-0.46	DHF
PHT	0.69	0.77	0.09	0.72	0.5	0.6		0.52	0.34	0.14	PHT
NCZ	0.05	0.73	0.68	0.32	-0.28	0.8	0.52		0.72	-0.65	NCZ
FCT	-0.13	0.39	0.63	0.2	-0.44	0.56	0.34	0.72		-0.72	FCT
GDO	0.62	-0.16	-0.75	0.16	0.83	-0.46	0.14	-0.65	-0.72		GDO
	EAD	EOD	BSL	HPI	ERC	DHF	PHT	NCZ	FCT	GDO

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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

GDO	+ 0.83	ERC
ERC	+ 0.8	EAD
NCZ	+ 0.8	DHF
DHF	+ 0.79	EOD
PHT	+ 0.77	EOD
HPI	+ 0.76	EOD

High negative correlations

GDO	- 0.75	BSL
GDO	- 0.72	FCT
GDO	- 0.65	NCZ
ERC	- 0.63	BSL
GDO	- 0.46	DHF
FCT	- 0.44	ERC

Risk-Adjusted Indicators

There is a big difference between Cohen Fund performing well and Cohen Steers 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
EAD	0.39	0.00	(0.20)	0.11	0.41	(0.48)	1.00	(0.86)	2.47
EOD	0.50	(0.01)	(0.11)	0.09	0.51	(0.65)	1.24	(1.01)	3.05
BSL	0.35	0.06	(0.14)	1.58	0.30	(0.42)	0.91	(0.64)	1.98
HPI	0.78	0.03	(0.08)	0.40	0.87	(0.86)	1.83	(1.54)	5.00
ERC	0.32	(0.03)	0.00	(0.30)	0.00	0.00	0.65	(0.77)	1.87
DHF	0.69	0.07	(0.02)	0.39	0.92	(0.77)	1.56	(1.90)	4.32
PHT	0.36	0.02	(0.17)	0.25	0.33	(0.41)	0.65	(0.64)	2.70
NCZ	0.85	0.13	0.08	0.33	0.77	(1.13)	1.96	(1.69)	5.22
FCT	0.39	0.05	(0.12)	0.76	0.34	(0.49)	0.88	(0.79)	2.75
GDO	0.37	(0.12)	0.00	(1.22)	0.00	0.00	0.51	(0.98)	2.01

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