Cohen Steers Correlations

CPXAX Fund

USD 12.55 0.02 0.16%

The current 90-days correlation between Cohen Steers Preferd and Cohen Steers Prfrd is 0.96 (i.e., Almost no 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

Weak diversification

The correlation between Cohen Steers Preferd and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Preferd 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 Preferd. 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

0.87	MLOCX	Cohen Steers Mlp	Pair Corr
0.87	MLOIX	Cohen Steers Mlp	Pair Corr
0.88	MLOZX	Cohen Steers Mlp	Pair Corr
0.92	RAPZX	Cohen Steers Real	Pair Corr
0.99	LPXZX	Cohen Steers Low	Pair Corr
1.0	CPRRX	Cohen Steers Preferred	Pair Corr
1.0	CPXIX	Cohen Steers Prfrd	Pair Corr
1.0	CPXFX	Cohen Steers Preferred	Pair Corr
1.0	CPXCX	Cohen Steers Prefrd	Pair Corr
1.0	CPXZX	Cohen Steers Preferred	Pair Corr
0.64	CSFCX	Cohen Steers Global	Pair Corr
0.67	CSSPX	Cohen Steers Global	Pair Corr
0.65	CSUAX	Cohen Steers Global	Pair Corr
0.99	PRFCX	Preferred Securities	Pair Corr
1.0	PPSIX	Preferred Securities	Pair Corr
1.0	PPSAX	Preferred Securities	Pair Corr
1.0	PPSJX	Preferred Securities	Pair Corr
0.7	RYMEX	Commodities Strategy	Pair Corr
0.69	RYMJX	Commodities Strategy	Pair Corr
0.7	RYMBX	Commodities Strategy	Pair Corr
0.85	BRUFX	Bruce Fund Bruce	Pair Corr
0.88	SPGSX	State Street Premier	Pair Corr
0.87	KF	Korea Closed	Pair Corr
0.96	AQRRX	Aqr Risk Parity	Pair Corr
0.96	IAADX	Iaadx	Pair Corr
0.97	RPGRX	T Rowe Price	Pair Corr
0.81	VEIPX	Vanguard Equity Income	Pair Corr

Related Correlations Analysis

	CPXIX	JADGX	JAGIX	TNIBX	OAKLX	NSTLX	DHLYX	HFQRX	HFQTX	PNAIX
CPXIX		0.96	0.97	0.89	0.75	0.94	-0.51	0.66	0.66	0.95	CPXIX
JADGX	0.96		1.0	0.88	0.74	0.9	-0.45	0.69	0.68	0.99	JADGX
JAGIX	0.97	1.0		0.88	0.74	0.9	-0.45	0.69	0.68	0.99	JAGIX
TNIBX	0.89	0.88	0.88		0.52	0.89	-0.65	0.6	0.59	0.86	TNIBX
OAKLX	0.75	0.74	0.74	0.52		0.71	0.1	0.71	0.71	0.75	OAKLX
NSTLX	0.94	0.9	0.9	0.89	0.71		-0.42	0.61	0.61	0.89	NSTLX
DHLYX	-0.51	-0.45	-0.45	-0.65	0.1	-0.42		-0.12	-0.11	-0.41	DHLYX
HFQRX	0.66	0.69	0.69	0.6	0.71	0.61	-0.12		1.0	0.67	HFQRX
HFQTX	0.66	0.68	0.68	0.59	0.71	0.61	-0.11	1.0		0.65	HFQTX
PNAIX	0.95	0.99	0.99	0.86	0.75	0.89	-0.41	0.67	0.65		PNAIX
	CPXIX	JADGX	JAGIX	TNIBX	OAKLX	NSTLX	DHLYX	HFQRX	HFQTX	PNAIX

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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

JAGIX	+ 1.0	JADGX
HFQTX	+ 1.0	HFQRX
PNAIX	+ 0.99	JADGX
PNAIX	+ 0.99	JAGIX
JAGIX	+ 0.97	CPXIX
JADGX	+ 0.96	CPXIX

High negative correlations

DHLYX	- 0.65	TNIBX
DHLYX	- 0.51	CPXIX
DHLYX	- 0.45	JAGIX
DHLYX	- 0.45	JADGX
DHLYX	- 0.42	NSTLX
PNAIX	- 0.41	DHLYX

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
CPXIX	0.09	0.02	(0.48)	0.27	0.00	(0.13)	0.24	(0.16)	0.72
JADGX	0.50	(0.01)	(0.04)	0.08	0.54	(0.58)	1.13	(0.78)	3.79
JAGIX	0.50	(0.01)	(0.04)	0.08	0.53	(0.58)	1.13	(0.77)	3.80
TNIBX	0.07	0.00	(0.59)	2.22	0.00	(0.14)	0.12	(0.12)	0.71
OAKLX	0.61	(0.05)	(0.04)	0.05	0.60	(0.74)	1.64	(0.89)	5.46
NSTLX	0.13	0.01	(0.44)	0.18	0.00	(0.17)	0.30	(0.20)	0.89
DHLYX	0.53	(0.10)	0.00	(0.02)	0.00	0.00	1.24	(1.01)	3.56
HFQRX	0.37	(0.02)	(0.10)	0.06	0.46	(0.40)	0.73	(0.71)	2.72
HFQTX	0.38	(0.02)	(0.10)	0.05	0.47	(0.42)	0.73	(0.72)	2.89
PNAIX	0.53	(0.01)	(0.02)	0.08	0.62	(0.59)	1.49	(1.16)	4.23

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