Cohen Steers Correlations

Mutual Funds . USA . 
Fund . Cohen Steers Preferd
CPXAX Fund  USD 12.38  0.01  0.08%   
The current 90-days correlation between Cohen Steers Preferd and Cohen Steers Prfrd is 0.29 (i.e., Modest 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

Good diversification

The correlation between Cohen Steers Preferd and DJI is -0.16 (i.e., Good 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

  0.97MLOAX Cohen Steers MlpPairCorr
  0.96MLOCX Cohen Steers MlpPairCorr
  0.96MLOIX Cohen Steers MlpPairCorr
  0.96MLORX Cohen Steers MlpPairCorr
  0.96MLOZX Cohen Steers MlpPairCorr
  1.0PISHX Cohen Steers PreferredPairCorr
  0.95RAPAX Cohen Steers RealPairCorr
  0.95RAPIX Cohen Steers RealPairCorr
  0.94RAPCX Cohen Steers RealPairCorr
  0.95RAPZX Cohen Steers RealPairCorr
  0.95RAPRX Cohen Steers RealPairCorr
  0.93IRFAX Cohen Steers InternaPairCorr
  0.91IRFCX Cohen Steers InternaPairCorr
  0.91IRFIX Cohen Steers InternaPairCorr
  1.0LPXRX Cohen Steers LowPairCorr
  0.99LPXZX Cohen Steers LowPairCorr
  0.99LPXCX Cohen Steers LowPairCorr
  0.99LPXIX Cohen Steers LowPairCorr
  0.99CPRRX Cohen Steers PreferredPairCorr
  1.0CPXIX Cohen Steers PrfrdPairCorr
  1.0CPXFX Cohen Steers PreferredPairCorr
  1.0CPXCX Cohen Steers PrefrdPairCorr
  1.0CPXZX Cohen Steers PreferredPairCorr
  0.83CREFX Cohen Steers RealPairCorr
  0.81CSCIX Cohen Steers RealPairCorr
  0.83CSDIX Cohen Steers RealPairCorr
  0.84CSEIX Cohen Steers RealPairCorr
  0.9CSFZX Cohen Steers GlobalPairCorr
  0.91CSFAX Cohen Steers GlobalPairCorr
  0.83CSJCX Cohen Steers RealtyPairCorr
  0.83CSJAX Cohen Steers RealtyPairCorr
  0.83CSJZX Cohen Steers RealtyPairCorr
  0.82CSJRX Cohen Steers RealtyPairCorr
  0.83CSJIX Cohen Steers RealtyPairCorr
  0.83CSRSX Cohen Steers RealtyPairCorr
  0.84CSRIX Cohen And SteersPairCorr
  0.84CSUCX Cohen Steers GlobalPairCorr
  0.87CSUAX Cohen Steers GlobalPairCorr
  0.83CSZIX Cohen Steers RealPairCorr

Related Correlations Analysis

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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.

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