Cohen Steers Correlations

RFI Fund

USD 12.67 0.04 0.32%

The current 90-days correlation between Cohen Steers Total and Allianzgi Equity Convertible is 0.07 (i.e., Significant 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

Significant diversification

The correlation between Cohen Steers Total and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Total and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving against Cohen Fund

0.56	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.42	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.39	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.36	VTSMX	Vanguard Total Stock	Pair Corr
0.36	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.36	HPQ	HP Inc	Pair Corr
0.36	CSCO	Cisco Systems	Pair Corr
0.35	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	RNP	UTF	UTG	BST	RQI	PDO	MPV	NIE	CBH	FRA
RNP		0.53	-0.05	-0.17	0.87	0.47	0.21	-0.14	-0.2	-0.19	RNP
UTF	0.53		0.63	0.16	0.74	0.78	0.64	0.41	0.38	0.32	UTF
UTG	-0.05	0.63		0.74	0.17	0.4	0.77	0.9	0.9	0.85	UTG
BST	-0.17	0.16	0.74		-0.16	0.13	0.66	0.91	0.86	0.89	BST
RQI	0.87	0.74	0.17	-0.16		0.66	0.38	0.0	-0.09	-0.15	RQI
PDO	0.47	0.78	0.4	0.13	0.66		0.54	0.28	0.17	0.11	PDO
MPV	0.21	0.64	0.77	0.66	0.38	0.54		0.72	0.76	0.74	MPV
NIE	-0.14	0.41	0.9	0.91	0.0	0.28	0.72		0.92	0.91	NIE
CBH	-0.2	0.38	0.9	0.86	-0.09	0.17	0.76	0.92		0.97	CBH
FRA	-0.19	0.32	0.85	0.89	-0.15	0.11	0.74	0.91	0.97		FRA
	RNP	UTF	UTG	BST	RQI	PDO	MPV	NIE	CBH	FRA

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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

FRA	+ 0.97	CBH
CBH	+ 0.92	NIE
NIE	+ 0.91	BST
FRA	+ 0.91	NIE
NIE	+ 0.9	UTG
CBH	+ 0.9	UTG

High negative correlations

CBH	- 0.2	RNP
FRA	- 0.19	RNP
BST	- 0.17	RNP
RQI	- 0.16	BST
FRA	- 0.15	RQI
NIE	- 0.14	RNP

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
RNP	0.88	0.01	(0.05)	0.15	1.01	(0.93)	1.87	(1.78)	4.83
UTF	0.63	0.09	0.01	1.07	0.70	(0.67)	1.31	(1.44)	3.41
UTG	0.67	0.23	0.15	0.94	0.63	(0.71)	1.48	(1.54)	4.23
BST	0.75	0.00	(0.02)	0.10	0.98	(0.73)	1.51	(1.63)	3.96
RQI	0.97	0.07	(0.01)	0.88	1.08	(1.06)	1.84	(1.94)	5.66
PDO	0.47	0.04	(0.07)	0.72	0.68	(0.44)	0.92	(1.01)	2.88
MPV	0.63	0.09	(0.01)	(6.28)	0.63	(0.69)	1.70	(1.27)	3.37
NIE	0.56	0.05	0.02	0.16	0.62	(0.60)	1.44	(1.52)	4.02
CBH	0.13	0.04	(0.30)	(21.78)	0.00	(0.18)	0.22	(0.22)	0.78
FRA	0.46	0.12	0.07	0.88	0.27	(0.53)	1.08	(0.85)	2.42

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