Cohen Steers Correlations

Mutual Funds . USA . 
Fund . Cohen Steers International
IRFCX Fund  USD 8.11  0.01  0.12%   
The current 90-days correlation between Cohen Steers Interna and Goldman Sachs Small is 0.58 (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

Very weak diversification

The correlation between Cohen Steers International and DJI is 0.43 (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 International 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 International. 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 main economic indicators.
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

  0.64PISHX Cohen Steers PreferredPairCorr
  0.77RAPAX Cohen Steers RealPairCorr
  0.78RAPIX Cohen Steers RealPairCorr
  0.78RAPCX Cohen Steers RealPairCorr
  0.76RAPZX Cohen Steers RealPairCorr
  0.79RAPRX Cohen Steers RealPairCorr
  0.9CIRRX Cohen Steers RealPairCorr
  1.0IRFZX Cohen Steers IntlPairCorr
  1.0IRFAX Cohen Steers InternaPairCorr
  0.93IRFIX Cohen Steers InternaPairCorr
  0.95IRFRX Cohen Steers IntlPairCorr
  0.61LPXCX Cohen Steers LowPairCorr
  0.76CPXIX Cohen Steers PrfrdPairCorr
  0.77CPXFX Cohen Steers PreferredPairCorr
  0.9CREFX Cohen Steers RealPairCorr
  0.9CSCIX Cohen Steers RealPairCorr
  0.9CSDIX Cohen Steers RealPairCorr
  0.9CSEIX Cohen Steers RealPairCorr
  0.94CSFZX Cohen Steers GlobalPairCorr
  0.96CSFCX Cohen Steers GlobalPairCorr
  0.93CSFAX Cohen Steers GlobalPairCorr
  0.88CSJCX Cohen Steers RealtyPairCorr
  0.9CSJAX Cohen Steers RealtyPairCorr
  0.89CSJZX Cohen Steers RealtyPairCorr
  0.92CSJRX Cohen Steers RealtyPairCorr
  0.92CSJIX 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.

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