Cohen Steers Correlations

LPXIX Fund

USD 9.46 0.01 0.11%

The current 90-days correlation between Cohen Steers Low and Cohen Steers Mlp is 0.16 (i.e., Average 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 Low 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 Low and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Cohen Steers Low. 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 gross domestic product.

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

0.99	PISHX	Cohen Steers Preferred	Pair Corr
0.61	RAPAX	Cohen Steers Real	Pair Corr
0.62	RAPIX	Cohen Steers Real	Pair Corr
0.62	RAPZX	Cohen Steers Real	Pair Corr
1.0	LPXRX	Cohen Steers Low	Pair Corr
1.0	LPXZX	Cohen Steers Low	Pair Corr
0.99	LPXCX	Cohen Steers Low	Pair Corr
1.0	LPXAX	Cohen Steers Low	Pair Corr
1.0	LPXFX	Cohen Steers Low	Pair Corr
0.93	CPRRX	Cohen Steers Preferred	Pair Corr
0.94	CPXIX	Cohen Steers Prfrd	Pair Corr
0.94	CPXFX	Cohen Steers Preferred	Pair Corr
0.91	CPXCX	Cohen Steers Prefrd	Pair Corr
0.94	CPXAX	Cohen Steers Preferd	Pair Corr
0.94	CPXZX	Cohen Steers Preferred	Pair Corr

Moving against Cohen Mutual Fund

0.44	IRFRX	Cohen Steers Intl	Pair Corr
0.38	IRFZX	Cohen Steers Intl	Pair Corr
0.38	IRFAX	Cohen Steers Interna	Pair Corr
0.38	IRFCX	Cohen Steers Interna	Pair Corr
0.38	IRFIX	Cohen Steers Interna	Pair Corr

Related Correlations Analysis

	MLOAX	MLOCX	MLOIX	MLORX	MLOZX	RAPAX	RAPIX	RAPCX	RAPZX	RAPRX
MLOAX		0.95	1.0	1.0	1.0	0.31	0.32	0.28	0.32	0.3	MLOAX
MLOCX	0.95		0.95	0.95	0.95	0.28	0.29	0.25	0.29	0.27	MLOCX
MLOIX	1.0	0.95		1.0	1.0	0.31	0.32	0.28	0.32	0.3	MLOIX
MLORX	1.0	0.95	1.0		1.0	0.31	0.32	0.28	0.32	0.3	MLORX
MLOZX	1.0	0.95	1.0	1.0		0.31	0.32	0.28	0.32	0.3	MLOZX
RAPAX	0.31	0.28	0.31	0.31	0.31		1.0	1.0	1.0	1.0	RAPAX
RAPIX	0.32	0.29	0.32	0.32	0.32	1.0		1.0	1.0	1.0	RAPIX
RAPCX	0.28	0.25	0.28	0.28	0.28	1.0	1.0		1.0	1.0	RAPCX
RAPZX	0.32	0.29	0.32	0.32	0.32	1.0	1.0	1.0		1.0	RAPZX
RAPRX	0.3	0.27	0.3	0.3	0.3	1.0	1.0	1.0	1.0		RAPRX
	MLOAX	MLOCX	MLOIX	MLORX	MLOZX	RAPAX	RAPIX	RAPCX	RAPZX	RAPRX

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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
MLOAX	0.64	0.11	0.00	7.06	0.78	(0.68)	1.16	(1.54)	4.36
MLOCX	0.66	0.02	(0.05)	0.17	0.88	(0.69)	1.14	(1.54)	3.43
MLOIX	0.66	0.11	0.00	3.43	0.79	(0.71)	1.16	(1.42)	4.48
MLORX	0.66	0.11	0.00	4.84	0.81	(0.69)	1.22	(1.53)	4.57
MLOZX	0.66	0.11	0.00	5.07	0.79	(0.69)	1.23	(1.54)	4.36
RAPAX	0.39	0.04	(0.15)	1.06	0.39	(0.46)	0.87	(0.85)	2.42
RAPIX	0.40	0.04	(0.15)	1.28	0.42	(0.44)	0.77	(0.87)	2.41
RAPCX	0.39	0.03	(0.15)	1.61	0.43	(0.43)	0.78	(0.88)	2.43
RAPZX	0.39	0.04	(0.14)	1.28	0.39	(0.47)	0.78	(0.87)	2.41
RAPRX	0.39	0.04	(0.15)	0.99	0.40	(0.45)	0.85	(0.86)	2.39

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