Cohen Steers Correlations

CNS Stock

USD 79.43 0.45 0.57%

The current 90-days correlation between Cohen Steers and Federated Investors B is 0.55 (i.e., Very weak 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

Modest diversification

The correlation between Cohen Steers and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Cohen Stock

0.76	BX	Blackstone Group Normal Trading	Pair Corr
0.65	CG	Carlyle Group	Pair Corr
0.61	PX	P10 Inc	Pair Corr
0.85	WT	WisdomTree	Pair Corr
0.83	VRTS	Virtus Investment	Pair Corr
0.73	AMG	Affiliated Managers	Pair Corr
0.68	AMP	Ameriprise Financial	Pair Corr
0.78	APO	Apollo Global Management	Pair Corr
0.77	BLK	BlackRock Sell-off Trend	Pair Corr

Moving against Cohen Stock

0.69	OCCIM	OFS Credit ,	Pair Corr
0.63	OCCIO	OFS Credit	Pair Corr
0.57	OCCIN	OFS Credit	Pair Corr
0.78	GECCO	Great Elm Capital	Pair Corr
0.77	OFS	OFS Capital Corp Normal Trading	Pair Corr
0.61	ATCO-PD	Atlas Corp	Pair Corr
0.59	ATCO-PH	Atlas Corp	Pair Corr
0.53	OAK-PB	Oaktree Capital Group	Pair Corr
0.5	GEG	Great Elm Group	Pair Corr
0.49	OAK-PA	Oaktree Capital Group	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	FHI	DTF	KTF	MQY	MUI	MUE
FMN		0.92	-0.09	0.42	-0.37	0.77	0.89	0.8	-0.13	0.9	FMN
MYD	0.92		-0.02	0.5	-0.39	0.8	0.89	0.9	-0.18	0.95	MYD
DHIL	-0.09	-0.02		-0.24	0.6	-0.32	0.02	0.23	0.12	0.12	DHIL
NXG	0.42	0.5	-0.24		-0.6	0.59	0.24	0.32	-0.02	0.41	NXG
FHI	-0.37	-0.39	0.6	-0.6		-0.58	-0.21	-0.11	0.1	-0.26	FHI
DTF	0.77	0.8	-0.32	0.59	-0.58		0.68	0.54	-0.2	0.71	DTF
KTF	0.89	0.89	0.02	0.24	-0.21	0.68		0.85	-0.14	0.9	KTF
MQY	0.8	0.9	0.23	0.32	-0.11	0.54	0.85		-0.14	0.92	MQY
MUI	-0.13	-0.18	0.12	-0.02	0.1	-0.2	-0.14	-0.14		-0.1	MUI
MUE	0.9	0.95	0.12	0.41	-0.26	0.71	0.9	0.92	-0.1		MUE
	FMN	MYD	DHIL	NXG	FHI	DTF	KTF	MQY	MUI	MUE

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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

MUE	+ 0.95	MYD
MYD	+ 0.92	FMN
MUE	+ 0.92	MQY
MUE	+ 0.9	FMN
MQY	+ 0.9	MYD
MUE	+ 0.9	KTF

High negative correlations

FHI	- 0.6	NXG
DTF	- 0.58	FHI
FHI	- 0.39	MYD
FHI	- 0.37	FMN
DTF	- 0.32	DHIL
MUE	- 0.26	FHI

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
FMN	0.44	(0.06)	0.00	(0.45)	0.00	0.00	0.80	(0.99)	3.00
MYD	0.47	(0.08)	0.00	(0.56)	0.00	0.00	0.97	(1.06)	2.63
DHIL	0.87	(0.08)	0.00	(0.18)	0.00	0.00	1.52	(2.53)	5.26
NXG	1.42	0.28	0.13	0.96	2.23	(1.46)	3.26	(2.45)	13.11
FHI	0.88	(0.04)	0.00	0.47	0.00	0.00	1.66	(2.33)	6.23
DTF	0.32	0.00	0.00	0.00	0.00	0.00	0.72	(0.62)	1.72
KTF	0.38	(0.07)	0.00	(0.83)	0.00	0.00	0.75	(1.13)	2.74
MQY	0.51	(0.11)	0.00	(0.49)	0.00	0.00	0.96	(1.18)	2.85
MUI	0.39	(0.03)	0.00	17.39	0.00	0.00	0.58	(1.01)	3.07
MUE	0.55	(0.09)	0.00	(0.41)	0.00	0.00	0.99	(1.25)	2.77

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