Cohen Steers Correlations

CSUAX Fund

USD 25.33 0.04 0.16%

The current 90-days correlation between Cohen Steers Global and Massmutual Select Focused is -0.05 (i.e., Good 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 Global and DJI is 0.47 (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 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

0.76	MLOCX	Cohen Steers Mlp	Pair Corr
0.76	MLOIX	Cohen Steers Mlp	Pair Corr
0.76	MLORX	Cohen Steers Mlp	Pair Corr
0.76	MLOZX	Cohen Steers Mlp	Pair Corr
0.84	RAPZX	Cohen Steers Real	Pair Corr
0.71	LPXRX	Cohen Steers Low	Pair Corr
0.73	LPXZX	Cohen Steers Low	Pair Corr
0.7	CPRRX	Cohen Steers Preferred	Pair Corr
0.69	CPXIX	Cohen Steers Prfrd	Pair Corr
0.69	CPXFX	Cohen Steers Preferred	Pair Corr
0.68	CPXCX	Cohen Steers Prefrd	Pair Corr
0.67	CPXAX	Cohen Steers Preferd	Pair Corr
0.69	CPXZX	Cohen Steers Preferred	Pair Corr
0.73	GLIFX	Lazard Global Listed	Pair Corr
0.73	GLFOX	Lazard Global Listed	Pair Corr
0.96	VCRCX	Mainstay Cbre Global	Pair Corr
0.89	TOLSX	Deutsche Global Infr	Pair Corr
0.9	TOLZX	Deutsche Global Infr	Pair Corr
0.96	VCRAX	Voya Cbre Global	Pair Corr
0.96	VCRIX	Voya Cbre Global	Pair Corr
0.89	TOLLX	Deutsche Global Infr	Pair Corr
0.89	TOLIX	Deutsche Global Infr	Pair Corr
0.62	PFPRX	Parnassus Fund Inst	Pair Corr

Related Correlations Analysis

	MFVZX	FACSX	FAMFX	WESNX	BESIX	WESJX	SSCVX	SBRVX	RSYEX	RSEGX
MFVZX		0.28	-0.63	0.68	0.68	0.68	0.14	0.45	0.8	0.81	MFVZX
FACSX	0.28		-0.04	0.56	0.56	0.56	0.66	0.6	0.55	0.39	FACSX
FAMFX	-0.63	-0.04		-0.68	-0.69	-0.68	0.19	-0.12	-0.63	-0.72	FAMFX
WESNX	0.68	0.56	-0.68		1.0	1.0	0.33	0.54	0.84	0.85	WESNX
BESIX	0.68	0.56	-0.69	1.0		1.0	0.33	0.54	0.84	0.85	BESIX
WESJX	0.68	0.56	-0.68	1.0	1.0		0.32	0.54	0.85	0.85	WESJX
SSCVX	0.14	0.66	0.19	0.33	0.33	0.32		0.82	0.22	0.32	SSCVX
SBRVX	0.45	0.6	-0.12	0.54	0.54	0.54	0.82		0.55	0.65	SBRVX
RSYEX	0.8	0.55	-0.63	0.84	0.84	0.85	0.22	0.55		0.87	RSYEX
RSEGX	0.81	0.39	-0.72	0.85	0.85	0.85	0.32	0.65	0.87		RSEGX
	MFVZX	FACSX	FAMFX	WESNX	BESIX	WESJX	SSCVX	SBRVX	RSYEX	RSEGX

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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

BESIX	+ 1.0	WESNX
WESJX	+ 1.0	WESNX
WESJX	+ 1.0	BESIX
RSEGX	+ 0.87	RSYEX
RSEGX	+ 0.85	WESNX
RSEGX	+ 0.85	BESIX

High negative correlations

RSEGX	- 0.72	FAMFX
BESIX	- 0.69	FAMFX
WESJX	- 0.68	FAMFX
WESNX	- 0.68	FAMFX
RSYEX	- 0.63	FAMFX
FAMFX	- 0.63	MFVZX

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
MFVZX	0.42	0.04	(0.04)	1.06	0.41	(0.49)	0.96	(0.84)	2.19
FACSX	0.57	(0.06)	(0.07)	0.01	0.77	(0.58)	1.22	(1.08)	5.13
FAMFX	0.69	(0.24)	0.00	(0.16)	0.00	0.00	1.35	(1.53)	5.12
WESNX	0.69	0.04	0.01	0.17	0.91	(0.70)	1.52	(1.31)	4.66
BESIX	0.69	0.05	0.01	0.17	0.89	(0.71)	1.50	(1.33)	4.61
WESJX	0.69	0.05	0.01	0.17	0.90	(0.72)	1.50	(1.32)	4.60
SSCVX	0.77	0.01	(0.06)	(0.05)	0.94	(0.90)	1.90	(1.52)	7.47
SBRVX	0.93	0.00	(0.06)	0.05	1.11	(1.06)	2.13	(1.65)	8.09
RSYEX	0.94	(0.04)	(0.01)	0.04	1.25	(0.92)	1.82	(1.69)	6.61
RSEGX	0.96	0.02	(0.03)	(0.47)	1.30	(0.94)	1.82	(1.69)	6.35

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