Cohen Steers Correlations

RLTY Stock

USD 16.23 0.05 0.31%

The current 90-days correlation between Cohen Steers Real and Guggenheim Active Allocation is 0.15 (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

Average diversification

The correlation between Cohen Steers Real and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Real 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 Real. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Cohen Stock please use our How to Invest in Cohen Steers guide.

Moving against Cohen Stock

0.45	LC	LendingClub Corp	Pair Corr
0.39	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.34	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.32	DIST	Distoken Acquisition	Pair Corr
0.62	VINP	Vinci Partners Inves	Pair Corr
0.37	DUET	DUET Acquisition Corp	Pair Corr
0.36	WT	WisdomTree	Pair Corr
0.46	EMCG	Embrace Change Acqui	Pair Corr
0.44	TETEU	Technology Telecommunicatio	Pair Corr
0.39	PFTAU	Portage Fintech Acqu	Pair Corr
0.39	ENVA	Enova International	Pair Corr

Related Correlations Analysis

	GUG	RFM	WDI	PTA	TBLD	GBAB	AVK	BGT	JLS	NSL
GUG		0.75	0.69	0.53	0.62	0.27	-0.15	-0.07	0.24	-0.53	GUG
RFM	0.75		0.83	0.81	0.66	0.21	-0.26	0.0	0.5	-0.5	RFM
WDI	0.69	0.83		0.86	0.85	0.37	-0.49	-0.09	0.46	-0.65	WDI
PTA	0.53	0.81	0.86		0.69	0.01	-0.29	0.14	0.72	-0.43	PTA
TBLD	0.62	0.66	0.85	0.69		0.39	-0.65	-0.07	0.26	-0.62	TBLD
GBAB	0.27	0.21	0.37	0.01	0.39		-0.24	-0.87	-0.53	-0.74	GBAB
AVK	-0.15	-0.26	-0.49	-0.29	-0.65	-0.24		-0.09	-0.06	0.31	AVK
BGT	-0.07	0.0	-0.09	0.14	-0.07	-0.87	-0.09		0.59	0.6	BGT
JLS	0.24	0.5	0.46	0.72	0.26	-0.53	-0.06	0.59		0.04	JLS
NSL	-0.53	-0.5	-0.65	-0.43	-0.62	-0.74	0.31	0.6	0.04		NSL
	GUG	RFM	WDI	PTA	TBLD	GBAB	AVK	BGT	JLS	NSL

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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

PTA	+ 0.86	WDI
TBLD	+ 0.85	WDI
WDI	+ 0.83	RFM
PTA	+ 0.81	RFM
RFM	+ 0.75	GUG
JLS	+ 0.72	PTA

High negative correlations

BGT	- 0.87	GBAB
NSL	- 0.74	GBAB
AVK	- 0.65	TBLD
NSL	- 0.65	WDI
NSL	- 0.62	TBLD
JLS	- 0.53	GBAB

Risk-Adjusted Indicators

There is a big difference between Cohen Stock performing well and Cohen Steers Company 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
GUG	0.62	(0.02)	(0.11)	0.07	0.72	(0.68)	1.58	(1.26)	4.08
RFM	0.35	0.00	(0.23)	(0.17)	0.45	(0.38)	0.81	(0.76)	2.25
WDI	0.43	(0.01)	(0.17)	0.01	0.64	(0.44)	0.83	(0.92)	2.86
PTA	0.47	0.00	(0.16)	0.08	0.60	(0.53)	1.00	(0.96)	2.78
TBLD	0.64	(0.01)	(0.16)	0.04	0.71	(0.69)	1.28	(1.05)	3.40
GBAB	0.65	(0.17)	0.00	(6.69)	0.00	0.00	1.16	(1.56)	4.19
AVK	0.64	0.01	(0.09)	0.14	0.83	(0.73)	1.43	(1.03)	5.25
BGT	0.54	0.05	(0.10)	0.80	0.50	(0.62)	1.19	(1.03)	2.83
JLS	0.37	0.04	(0.16)	3.04	0.38	(0.40)	0.79	(0.72)	2.17
NSL	0.45	0.03	(0.17)	(0.24)	0.49	(0.56)	0.90	(1.09)	2.24

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