Cohen Steers Correlations

Mutual Funds . USA . 
Fund . Cohen Steers Prfrd
CPXIX Fund  USD 12.43  0.01  0.08%   
The current 90-days correlation between Cohen Steers Prfrd and Gabelli Global Financial is 0.14 (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

Very weak diversification

The correlation between Cohen Steers Prfrd and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Prfrd 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 Prfrd. 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 gross domestic product.
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

  0.96MLOAX Cohen Steers MlpPairCorr
  0.96MLOCX Cohen Steers MlpPairCorr
  0.96MLOIX Cohen Steers MlpPairCorr
  0.96MLORX Cohen Steers MlpPairCorr
  0.96MLOZX Cohen Steers MlpPairCorr
  0.95RAPAX Cohen Steers RealPairCorr
  0.95RAPIX Cohen Steers RealPairCorr
  0.95RAPCX Cohen Steers RealPairCorr
  0.95RAPZX Cohen Steers RealPairCorr
  0.95RAPRX Cohen Steers RealPairCorr
  0.94IRFAX Cohen Steers InternaPairCorr
  0.94IRFCX Cohen Steers InternaPairCorr
  0.93IRFIX Cohen Steers InternaPairCorr
  0.99LPXRX Cohen Steers LowPairCorr
  1.0LPXZX Cohen Steers LowPairCorr
  1.0LPXCX Cohen Steers LowPairCorr
  1.0LPXIX Cohen Steers LowPairCorr
  1.0CPRRX Cohen Steers PreferredPairCorr
  1.0CPXFX Cohen Steers PreferredPairCorr
  1.0CPXCX Cohen Steers PrefrdPairCorr
  1.0CPXAX Cohen Steers PreferdPairCorr
  1.0CPXZX Cohen Steers PreferredPairCorr
  0.84CREFX Cohen Steers RealPairCorr
  0.82CSCIX Cohen Steers RealPairCorr
  0.84CSDIX Cohen Steers RealPairCorr
  0.84CSEIX Cohen Steers RealPairCorr
  0.91CSFZX Cohen Steers GlobalPairCorr
  0.82CSJCX Cohen Steers RealtyPairCorr
  0.84CSJAX Cohen Steers RealtyPairCorr
  0.84CSJZX Cohen Steers RealtyPairCorr
  0.84CSRSX Cohen Steers RealtyPairCorr
  0.85CSRIX Cohen And SteersPairCorr
  0.86CSUAX Cohen Steers GlobalPairCorr
  1.0PRFCX Preferred SecuritiesPairCorr
  1.0PPSIX Preferred SecuritiesPairCorr
  0.99PPSAX Preferred SecuritiesPairCorr

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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