Cohen Steers Correlations

MLOZX Fund

USD 8.68 0.11 1.28%

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

Average diversification

The correlation between Cohen Steers Mlp and DJI is 0.18 (i.e., Average 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 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

1.0	MLOAX	Cohen Steers Mlp	Pair Corr
1.0	MLOCX	Cohen Steers Mlp	Pair Corr
1.0	MLOIX	Cohen Steers Mlp	Pair Corr
1.0	MLORX	Cohen Steers Mlp	Pair Corr

Related Correlations Analysis

	MLOAX	MLOCX	MLOIX	MLORX	MLOZX	PISHX	RAPAX	RAPIX	RAPCX	RAPZX
MLOAX		1.0	1.0	1.0	1.0	-0.02	0.42	0.42	0.41	0.42	MLOAX
MLOCX	1.0		1.0	1.0	1.0	-0.03	0.43	0.43	0.42	0.43	MLOCX
MLOIX	1.0	1.0		1.0	1.0	-0.01	0.41	0.41	0.41	0.41	MLOIX
MLORX	1.0	1.0	1.0		1.0	-0.02	0.42	0.42	0.41	0.42	MLORX
MLOZX	1.0	1.0	1.0	1.0		-0.01	0.41	0.41	0.4	0.41	MLOZX
PISHX	-0.02	-0.03	-0.01	-0.02	-0.01		-0.29	-0.27	-0.29	-0.27	PISHX
RAPAX	0.42	0.43	0.41	0.42	0.41	-0.29		1.0	1.0	1.0	RAPAX
RAPIX	0.42	0.43	0.41	0.42	0.41	-0.27	1.0		1.0	1.0	RAPIX
RAPCX	0.41	0.42	0.41	0.41	0.4	-0.29	1.0	1.0		1.0	RAPCX
RAPZX	0.42	0.43	0.41	0.42	0.41	-0.27	1.0	1.0	1.0		RAPZX
	MLOAX	MLOCX	MLOIX	MLORX	MLOZX	PISHX	RAPAX	RAPIX	RAPCX	RAPZX

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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

MLOCX	+ 1.0	MLOAX
MLOIX	+ 1.0	MLOAX
MLORX	+ 1.0	MLOAX
MLOZX	+ 1.0	MLOAX
MLOIX	+ 1.0	MLOCX
MLORX	+ 1.0	MLOCX

High negative correlations

RAPCX	- 0.29	PISHX
RAPAX	- 0.29	PISHX
RAPZX	- 0.27	PISHX
RAPIX	- 0.27	PISHX
PISHX	- 0.03	MLOCX
PISHX	- 0.02	MLORX

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	0.70	0.00	(0.05)	0.10	1.04	(0.69)	1.16	(1.68)	5.31
MLOCX	0.72	0.00	(0.05)	0.09	1.03	(0.71)	1.16	(1.69)	5.09
MLOIX	0.70	0.00	(0.05)	0.10	1.03	(0.69)	1.16	(1.68)	5.31
MLORX	0.71	0.00	(0.05)	0.09	1.04	(0.70)	1.26	(1.68)	5.17
MLOZX	0.70	0.01	(0.05)	0.11	1.03	(0.69)	1.16	(1.68)	5.18
PISHX	0.12	0.01	(0.36)	0.63	0.00	(0.15)	0.20	(0.20)	0.69
RAPAX	0.41	(0.06)	0.00	(0.30)	0.00	0.00	0.89	(0.96)	2.97
RAPIX	0.42	(0.06)	0.00	(0.28)	0.00	0.00	0.89	(0.96)	2.97
RAPCX	0.40	(0.06)	0.00	(0.32)	0.00	0.00	0.89	(0.88)	2.98
RAPZX	0.41	(0.06)	0.00	(0.29)	0.00	0.00	0.88	(0.96)	3.07

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