Cohen Steers Correlations

CPXCX Fund

USD 12.27 0.01 0.08%

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 Prefrd and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Prefrd and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cohen Steers Prefrd. 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 main economic indicators.

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

0.86	PISHX	Cohen Steers Preferred	Pair Corr
0.78	RAPAX	Cohen Steers Real	Pair Corr
0.79	RAPIX	Cohen Steers Real	Pair Corr
0.77	RAPCX	Cohen Steers Real	Pair Corr
0.79	RAPZX	Cohen Steers Real	Pair Corr
0.78	RAPRX	Cohen Steers Real	Pair Corr
0.82	LPXRX	Cohen Steers Low	Pair Corr
0.8	LPXZX	Cohen Steers Low	Pair Corr
0.86	LPXCX	Cohen Steers Low	Pair Corr
0.81	LPXAX	Cohen Steers Low	Pair Corr
0.76	LPXFX	Cohen Steers Low	Pair Corr
0.8	LPXIX	Cohen Steers Low	Pair Corr
1.0	CPRRX	Cohen Steers Preferred	Pair Corr
0.99	CPXIX	Cohen Steers Prfrd	Pair Corr
0.99	CPXFX	Cohen Steers Preferred	Pair Corr
0.99	CPXAX	Cohen Steers Preferd	Pair Corr
0.99	CPXZX	Cohen Steers Preferred	Pair Corr

Related Correlations Analysis

	SMPIX	RYATX	VWNDX	LIOTX	APDTX	TWBIX	TRBCX
SMPIX		0.88	0.66	0.71	0.81	0.64	0.81	SMPIX
RYATX	0.88		0.88	0.87	0.95	0.84	0.94	RYATX
VWNDX	0.66	0.88		0.92	0.89	0.78	0.92	VWNDX
LIOTX	0.71	0.87	0.92		0.89	0.7	0.88	LIOTX
APDTX	0.81	0.95	0.89	0.89		0.87	0.92	APDTX
TWBIX	0.64	0.84	0.78	0.7	0.87		0.77	TWBIX
TRBCX	0.81	0.94	0.92	0.88	0.92	0.77		TRBCX
	SMPIX	RYATX	VWNDX	LIOTX	APDTX	TWBIX	TRBCX

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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
SMPIX	2.59	0.22	0.03	(5.67)	3.73	(2.46)	4.64	(6.39)	17.06
RYATX	0.77	0.14	0.02	(3.11)	1.01	(0.76)	2.01	(2.40)	5.13
VWNDX	0.56	(0.02)	(0.06)	0.08	0.46	(0.67)	1.07	(0.91)	3.78
LIOTX	0.64	0.12	0.03	0.85	0.72	(0.74)	1.25	(1.28)	3.54
APDTX	0.79	0.14	0.04	2.39	1.01	(0.80)	1.73	(1.27)	5.07
TWBIX	0.36	0.04	(0.11)	2.06	0.41	(0.38)	0.77	(0.92)	2.38
TRBCX	0.71	0.06	0.03	0.17	0.92	(0.67)	1.66	(2.18)	4.86

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Cohen Steers Correlations

Cohen Steers Correlation With Market

Average diversification

Moving together with Cohen Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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