Cohen Steers Correlations

Mutual Funds . USA . 
Fund . Cohen Steers Global
GRSRX Fund  USD 54.40  0.25  0.46%   
The current 90-days correlation between Cohen Steers Global and Cohen Steers Mlp is 0.26 (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 -0.11 (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 Risk vs Return Analysis 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 metropolitan statistical area.
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

  0.87MLOAX Cohen Steers MlpPairCorr
  0.87MLOCX Cohen Steers MlpPairCorr
  0.87MLOIX Cohen Steers MlpPairCorr
  0.87MLORX Cohen Steers MlpPairCorr
  0.91PISHX Cohen Steers PreferredPairCorr
  0.94RAPAX Cohen Steers RealPairCorr
  0.94RAPIX Cohen Steers RealPairCorr
  0.94RAPCX Cohen Steers RealPairCorr
  0.94RAPZX Cohen Steers RealPairCorr
  0.94RAPRX Cohen Steers RealPairCorr
  0.96CIRRX Cohen Steers RealPairCorr
  0.96IRFZX Cohen Steers IntlPairCorr
  0.96IRFAX Cohen Steers InternaPairCorr
  0.96IRFCX Cohen Steers InternaPairCorr
  0.96IRFIX Cohen Steers InternaPairCorr
  0.95IRFRX Cohen Steers IntlPairCorr
  0.91LPXRX Cohen Steers LowPairCorr
  0.91LPXZX Cohen Steers LowPairCorr
  0.91LPXCX Cohen Steers LowPairCorr
  0.91LPXAX Cohen Steers LowPairCorr
  0.91LPXFX Cohen Steers LowPairCorr
  0.91LPXIX Cohen Steers LowPairCorr
  0.91CPRRX Cohen Steers PreferredPairCorr
  0.91CPXFX Cohen Steers PreferredPairCorr
  0.91CPXCX Cohen Steers PrefrdPairCorr
  0.9CPXAX Cohen Steers PreferdPairCorr
  0.91CPXZX Cohen Steers PreferredPairCorr
  0.96CREFX Cohen Steers RealPairCorr
  0.96CSCIX Cohen Steers RealPairCorr
  0.96CSDIX Cohen Steers RealPairCorr
  0.96CSEIX Cohen Steers RealPairCorr
  1.0CSFZX Cohen Steers GlobalPairCorr
  1.0CSFCX Cohen Steers GlobalPairCorr
  1.0CSFAX Cohen Steers GlobalPairCorr
  0.96CSJCX Cohen Steers RealtyPairCorr
  0.97CSJAX Cohen Steers RealtyPairCorr
  0.97CSJZX Cohen Steers RealtyPairCorr
  0.97CSJRX Cohen Steers RealtyPairCorr
  0.97CSJIX 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  0.13 (1.65) 0.65 
(0.91)
 1.70 
(1.61)
 4.63 
MLOCX  0.75  0.28  0.13 (1.70) 0.67 
(0.90)
 1.71 
(1.61)
 4.40 
MLOIX  0.76  0.29  0.13 (1.67) 0.63 
(0.90)
 1.70 
(1.49)
 4.63 
MLORX  0.76  0.28  0.13 (1.71) 0.62 
(0.92)
 1.70 
(1.49)
 4.62 
MLOZX  0.72  0.21  0.12  1.42  0.55 
(0.87)
 1.58 
(1.19)
 4.63 
PISHX  0.11  0.09 (0.38)(3.19) 0.00 
(0.18)
 0.31 
(0.10)
 0.82 
RAPAX  0.35  0.10 (0.08)(1.48) 0.22 
(0.42)
 0.79 
(0.67)
 2.43 
RAPIX  0.34  0.10 (0.09)(1.78) 0.11 
(0.40)
 0.78 
(0.57)
 1.87 
RAPCX  0.34  0.10 (0.09)(1.32) 0.21 
(0.41)
 0.87 
(0.67)
 2.34 
RAPZX  0.35  0.10 (0.09)(1.74) 0.15 
(0.40)
 0.79 
(0.65)
 1.88 

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