Cohen Steers Correlations

Mutual Funds . USA . 
Fund . Cohen Steers Global
CSFAX Fund  USD 53.58  0.13  0.24%   
The current 90-days correlation between Cohen Steers Global and Cohen Steers Mlp is 0.27 (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 Global and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Global 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 Global. 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

  0.88MLOAX Cohen Steers MlpPairCorr
  0.87MLOCX Cohen Steers MlpPairCorr
  0.87MLOIX Cohen Steers MlpPairCorr
  0.87MLORX Cohen Steers MlpPairCorr
  0.88MLOZX Cohen Steers MlpPairCorr
  0.91PISHX Cohen Steers PreferredPairCorr
  0.95RAPAX Cohen Steers RealPairCorr
  0.92RAPIX Cohen Steers RealPairCorr
  0.95RAPCX Cohen Steers RealPairCorr
  0.92RAPZX Cohen Steers RealPairCorr
  0.95RAPRX Cohen Steers RealPairCorr
  0.89CIRRX Cohen Steers RealPairCorr
  0.94IRFZX Cohen Steers IntlPairCorr
  0.96IRFAX Cohen Steers InternaPairCorr
  0.94IRFCX Cohen Steers InternaPairCorr
  0.94IRFIX Cohen Steers InternaPairCorr
  0.93IRFRX Cohen Steers IntlPairCorr
  0.92LPXRX Cohen Steers LowPairCorr
  0.91LPXZX Cohen Steers LowPairCorr
  0.91LPXCX Cohen Steers LowPairCorr
  0.91LPXAX Cohen Steers LowPairCorr
  0.92LPXFX Cohen Steers LowPairCorr
  0.91LPXIX Cohen Steers LowPairCorr
  0.91CPRRX Cohen Steers PreferredPairCorr
  0.91CPXIX Cohen Steers PrfrdPairCorr
  0.91CPXFX Cohen Steers PreferredPairCorr
  0.91CPXCX Cohen Steers PrefrdPairCorr
  0.91CPXAX Cohen Steers PreferdPairCorr
  0.91CPXZX Cohen Steers PreferredPairCorr
  0.9CREFX Cohen Steers RealPairCorr
  0.89CSCIX Cohen Steers RealPairCorr
  0.9CSDIX Cohen Steers RealPairCorr
  0.97CSEIX Cohen Steers RealPairCorr
  0.96CSFZX Cohen Steers GlobalPairCorr
  0.96CSFCX Cohen Steers GlobalPairCorr
  0.97CSJCX Cohen Steers RealtyPairCorr
  0.9CSJAX Cohen Steers RealtyPairCorr
  0.9CSJZX Cohen Steers RealtyPairCorr
  0.9CSJRX Cohen Steers RealtyPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MLOAX  0.76  0.29  0.14 (1.65) 0.64 
(0.92)
 1.70 
(1.61)
 4.63 
MLOCX  0.75  0.20  0.13  0.61  0.67 
(0.90)
 1.71 
(1.61)
 4.40 
MLOIX  0.76  0.21  0.13  0.62  0.63 
(0.90)
 1.70 
(1.49)
 4.63 
MLORX  0.76  0.21  0.13  0.61  0.62 
(0.92)
 1.70 
(1.49)
 4.62 
MLOZX  0.75  0.21  0.14  0.62  0.62 
(0.90)
 1.72 
(1.49)
 4.63 
PISHX  0.11  0.09 (0.32)(3.09) 0.00 
(0.19)
 0.31 
(0.10)
 0.82 
RAPAX  0.36  0.11 (0.07)(1.44) 0.21 
(0.42)
 0.79 
(0.67)
 2.43 
RAPIX  0.34  0.09 (0.08) 1.53  0.11 
(0.40)
 0.78 
(0.57)
 1.87 
RAPCX  0.35  0.11 (0.07)(1.31) 0.20 
(0.42)
 0.87 
(0.67)
 2.34 
RAPZX  0.35  0.09 (0.08) 1.44  0.15 
(0.40)
 0.79 
(0.65)
 1.88 

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