Cohen Steers Correlations

RLTY Stock

USD 15.49 0.19 1.24%

The current 90-days correlation between Cohen Steers Real and Guggenheim Active Allocation is 0.62 (i.e., Poor 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

Poor diversification

The correlation between Cohen Steers Real and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Real and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Cohen Steers Real. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Cohen Stock please use our How to Invest in Cohen Steers guide.

Moving together with Cohen Stock

0.73	V	Visa Class A	Pair Corr
0.83	GS	Goldman Sachs Group Earnings Call Tomorrow	Pair Corr
0.76	MA	Mastercard	Pair Corr
0.88	AXP	American Express Earnings Call This Week	Pair Corr
0.89	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.82	SCM	Stellus Capital Inve Normal Trading	Pair Corr
0.79	GAIN	Gladstone Investment	Pair Corr
0.84	GLAD	Gladstone Capital Normal Trading	Pair Corr
0.83	HTGC	Hercules Capital	Pair Corr
0.75	MAIN	Main Street Capital	Pair Corr
0.79	OPFI	OppFi Inc	Pair Corr
0.9	PFLT	PennantPark Floating Rate	Pair Corr
0.88	PYPL	PayPal Holdings	Pair Corr
0.8	ALLY	Ally Financial Earnings Call This Week	Pair Corr
0.83	ARCC	Ares Capital	Pair Corr
0.73	TPVG	Triplepoint Venture	Pair Corr
0.81	TSLX	Sixth Street Specialty	Pair Corr
0.82	CSWC	Capital Southwest	Pair Corr
0.87	C	Citigroup Earnings Call Today	Pair Corr
0.88	L	Loews Corp	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.91	AB	AllianceBernstein	Pair Corr
0.8	AC	Associated Capital	Pair Corr
0.85	AX	Axos Financial	Pair Corr
0.85	BK	Bank of New York Earnings Call Today	Pair Corr
0.92	BN	Brookfield Corp	Pair Corr
0.74	BX	Blackstone Group Earnings Call Tomorrow	Pair Corr
0.8	BY	Byline Bancorp	Pair Corr
0.76	CG	Carlyle Group Normal Trading	Pair Corr
0.88	CM	Canadian Imperial Bank	Pair Corr
0.92	DB	Deutsche Bank AG	Pair Corr
0.76	HG	Hamilton Insurance Group,	Pair Corr
0.84	IX	Orix Corp Ads	Pair Corr

Moving against Cohen Stock

0.42	HRZN	Horizon Technology	Pair Corr
0.52	FG	FG Annuities Life	Pair Corr
0.36	PT	Pintec Technology	Pair Corr

Related Correlations Analysis

	GUG	RFM	WDI	PTA	TBLD	GBAB	AVK	BGT	JLS	NSL
GUG		0.75	0.93	0.91	0.92	0.55	0.93	0.92	0.9	0.0	GUG
RFM	0.75		0.77	0.67	0.6	0.5	0.7	0.71	0.62	0.0	RFM
WDI	0.93	0.77		0.94	0.92	0.43	0.95	0.94	0.83	0.0	WDI
PTA	0.91	0.67	0.94		0.94	0.44	0.96	0.92	0.89	0.0	PTA
TBLD	0.92	0.6	0.92	0.94		0.49	0.96	0.93	0.93	0.0	TBLD
GBAB	0.55	0.5	0.43	0.44	0.49		0.46	0.47	0.69	0.0	GBAB
AVK	0.93	0.7	0.95	0.96	0.96	0.46		0.95	0.91	0.0	AVK
BGT	0.92	0.71	0.94	0.92	0.93	0.47	0.95		0.87	0.0	BGT
JLS	0.9	0.62	0.83	0.89	0.93	0.69	0.91	0.87		0.0	JLS
NSL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NSL
	GUG	RFM	WDI	PTA	TBLD	GBAB	AVK	BGT	JLS	NSL

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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

AVK	+ 0.96	PTA
AVK	+ 0.96	TBLD
AVK	+ 0.95	WDI
BGT	+ 0.95	AVK
PTA	+ 0.94	WDI
BGT	+ 0.94	WDI

High negative correlations

NSL	- 0.0	JLS
NSL	- 0.0	BGT
NSL	- 0.0	AVK
NSL	- 0.0	GBAB
NSL	- 0.0	TBLD
NSL	- 0.0	PTA

Risk-Adjusted Indicators

There is a big difference between Cohen Stock performing well and Cohen Steers Company 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
GUG	0.64	0.09	(0.08)	0.46	0.43	(0.78)	1.52	(0.99)	5.85
RFM	0.42	0.01	(0.33)	0.30	0.32	(0.49)	0.94	(0.64)	3.43
WDI	0.50	0.09	(0.05)	0.46	0.64	(0.59)	1.23	(0.89)	7.77
PTA	0.64	0.26	(0.07)	(0.75)	0.55	(0.73)	1.26	(1.11)	8.03
TBLD	0.61	0.21	0.05	0.94	0.22	(0.75)	1.51	(1.12)	5.00
GBAB	0.60	0.11	(0.20)	(7.83)	0.63	(0.68)	1.58	(1.21)	4.02
AVK	0.73	0.14	0.09	0.43	0.58	(0.94)	1.43	(1.19)	11.38
BGT	0.73	0.10	(0.05)	0.49	0.56	(0.86)	1.41	(1.47)	7.47
JLS	0.39	0.14	(0.17)	3.41	0.21	(0.50)	1.18	(0.44)	3.95
NSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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