Cohen Steers Correlations

MLORX Fund

USD 9.28 0.03 0.32%

The current 90-days correlation between Cohen Steers Mlp and Cohen Steers Mlp is 1.0 (i.e., No risk reduction). 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 Mlp and DJI is 0.4 (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 Mlp 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 Mlp. 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 metropolitan statistical area.

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

0.95	MLOAX	Cohen Steers Mlp	Pair Corr
1.0	MLOCX	Cohen Steers Mlp	Pair Corr
1.0	MLOIX	Cohen Steers Mlp	Pair Corr
1.0	MLOZX	Cohen Steers Mlp	Pair Corr

Moving against Cohen Mutual Fund

0.63	IRFAX	Cohen Steers Interna	Pair Corr
0.63	IRFCX	Cohen Steers Interna	Pair Corr
0.63	IRFRX	Cohen Steers Intl	Pair Corr
0.62	IRFZX	Cohen Steers Intl	Pair Corr
0.62	IRFIX	Cohen Steers Interna	Pair Corr
0.38	CIRRX	Cohen Steers Real	Pair Corr
0.56	CSFCX	Cohen Steers Global	Pair Corr
0.55	CSFZX	Cohen Steers Global	Pair Corr
0.55	CSFAX	Cohen Steers Global	Pair Corr
0.55	GRSRX	Cohen Steers Global	Pair Corr
0.55	CSSPX	Cohen Steers Global	Pair Corr
0.4	CSCIX	Cohen Steers Real	Pair Corr
0.38	CSEIX	Cohen Steers Real	Pair Corr
0.37	CSRIX	Cohen And Steers	Pair Corr
0.36	CREFX	Cohen Steers Real	Pair Corr
0.36	CSJCX	Cohen Steers Realty	Pair Corr
0.36	CSZIX	Cohen Steers Real	Pair Corr
0.35	CSDIX	Cohen Steers Real	Pair Corr
0.34	CSJAX	Cohen Steers Realty	Pair Corr

Related Correlations Analysis

	MLOIX	PISHX	RAPAX	RAPIX	RAPCX	RAPRX	IRFAX
MLOIX		0.59	0.28	0.31	0.26	0.29	-0.63	MLOIX
PISHX	0.59		0.67	0.66	0.61	0.64	-0.35	PISHX
RAPAX	0.28	0.67		0.92	0.92	0.93	0.26	RAPAX
RAPIX	0.31	0.66	0.92		1.0	1.0	0.31	RAPIX
RAPCX	0.26	0.61	0.92	1.0		1.0	0.37	RAPCX
RAPRX	0.29	0.64	0.93	1.0	1.0		0.33	RAPRX
IRFAX	-0.63	-0.35	0.26	0.31	0.37	0.33		IRFAX
	MLOIX	PISHX	RAPAX	RAPIX	RAPCX	RAPRX	IRFAX

Click cells to compare fundamentals

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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

RAPCX	+ 1.0	RAPIX
RAPRX	+ 1.0	RAPIX
RAPRX	+ 1.0	RAPCX
RAPRX	+ 0.93	RAPAX
RAPIX	+ 0.92	RAPAX
RAPCX	+ 0.92	RAPAX

High negative correlations

IRFAX	- 0.63	MLOIX
IRFAX	- 0.35	PISHX

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
MLOIX	0.64	0.03	(0.04)	0.19	0.85	(0.68)	1.16	(1.42)	3.31
PISHX	0.10	0.02	(0.61)	0.70	0.00	(0.14)	0.29	(0.20)	0.59
RAPAX	0.39	0.04	(0.15)	1.06	0.39	(0.46)	0.87	(0.85)	2.42
RAPIX	0.38	0.00	(0.19)	0.15	0.44	(0.41)	0.77	(0.87)	1.91
RAPCX	0.38	0.00	(0.20)	0.11	0.45	(0.40)	0.77	(0.88)	1.93
RAPRX	0.37	0.00	(0.20)	0.13	0.42	(0.42)	0.76	(0.86)	1.90
IRFAX	0.66	(0.16)	0.00	(0.62)	0.00	0.00	1.15	(1.39)	4.10

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