Cohen Steers Correlations

Mutual Funds . USA . 
Fund . Cohen Steers Preferred
CPRRX Fund  USD 12.37  0.00  0.00%   
The current 90-days correlation between Cohen Steers Preferred and Energy Basic Materials is -0.01 (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

Modest diversification

The correlation between Cohen Steers Preferred and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Preferred 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 Preferred. 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

  0.92PISHX Cohen Steers PreferredPairCorr
  0.75RAPAX Cohen Steers RealPairCorr
  0.76RAPIX Cohen Steers RealPairCorr
  0.73RAPCX Cohen Steers RealPairCorr
  0.76RAPZX Cohen Steers RealPairCorr
  0.75RAPRX Cohen Steers RealPairCorr
  0.89LPXRX Cohen Steers LowPairCorr
  0.88LPXZX Cohen Steers LowPairCorr
  0.91LPXCX Cohen Steers LowPairCorr
  0.88LPXAX Cohen Steers LowPairCorr
  0.86LPXFX Cohen Steers LowPairCorr
  0.87LPXIX Cohen Steers LowPairCorr
  1.0CPXIX Cohen Steers PrfrdPairCorr
  1.0CPXFX Cohen Steers PreferredPairCorr
  1.0CPXCX Cohen Steers PrefrdPairCorr
  1.0CPXAX Cohen Steers PreferdPairCorr
  1.0CPXZX Cohen Steers PreferredPairCorr

Related Correlations Analysis

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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   
HNRGX
+ 0.98
ENPSX
PNRCX
+ 0.95
SEPCX
DLDCX
+ 0.89
HNRGX
DLDCX
+ 0.86
ENPSX
PNRCX
+ 0.85
GRHAX
DLDCX
+ 0.85
PNRCX
  
High negative correlations   
CGAEX
- 0.33
ENPSX
CGAEX
- 0.27
HNRGX

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.

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