Cohen Steers Correlations

FOF Fund

USD 12.55 0.12 0.97%

The current 90-days correlation between Cohen Steers Closed and Cohen Steers Total is 0.27 (i.e., Modest 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

Modest diversification

The correlation between Cohen Steers Closed and DJI is 0.26 (i.e., Modest 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	BSCRX	Brandes Small Cap	Pair Corr
0.63	MSTGX	Morningstar Global Income	Pair Corr
0.63	HCYAX	Direxion Hilton Tactical	Pair Corr
0.61	VTMFX	Vanguard Tax Managed	Pair Corr
0.69	FBALX	Fidelity Balanced	Pair Corr
0.62	VOLJX	Abr 7525 Volatility	Pair Corr
0.67	FSRCX	Fidelity Advisor Str	Pair Corr
0.62	VPMAX	Vanguard Primecap	Pair Corr
0.72	EVT	Eaton Vance Tax	Pair Corr
0.66	NAN	Nuveen New York	Pair Corr
0.66	LIPIX	Blackrock Lifepath Idx	Pair Corr
0.71	JQLBX	Multimanager Lifestyle	Pair Corr
0.7	ALCEX	Avantis Large Cap	Pair Corr

Moving against Cohen Fund

0.33

DXKSX

Direxion Monthly 7

Pair Corr

Related Correlations Analysis

	RFI	RNP	UTF	FGB	PSF
RFI		0.97	0.91	-0.48	0.74	RFI
RNP	0.97		0.87	-0.5	0.76	RNP
UTF	0.91	0.87		-0.22	0.69	UTF
FGB	-0.48	-0.5	-0.22		-0.23	FGB
PSF	0.74	0.76	0.69	-0.23		PSF
	RFI	RNP	UTF	FGB	PSF

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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

RNP	+ 0.97	RFI
UTF	+ 0.91	RFI
UTF	+ 0.87	RNP
PSF	+ 0.76	RNP
PSF	+ 0.74	RFI
PSF	+ 0.69	UTF

High negative correlations

FGB	- 0.5	RNP
FGB	- 0.48	RFI
PSF	- 0.23	FGB
FGB	- 0.22	UTF

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
RFI	0.82	(0.13)	0.00	(0.21)	0.00	0.00	1.49	(1.82)	5.46
RNP	0.93	(0.17)	0.00	(0.22)	0.00	0.00	1.82	(1.84)	6.09
UTF	0.74	(0.09)	0.00	(0.23)	0.00	0.00	1.26	(1.71)	3.20
FGB	0.73	0.11	0.04	0.78	0.95	(0.82)	1.72	(1.25)	5.45
PSF	0.45	(0.02)	0.00	(0.49)	0.00	0.00	0.90	(1.01)	3.04

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