Cohen Steers Correlations

IRFZX Fund

USD 8.18 0.04 0.49%

The current 90-days correlation between Cohen Steers Intl and Cmg Ultra Short is -0.1 (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

Very weak diversification

The correlation between Cohen Steers Intl and DJI is 0.42 (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 Intl 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 Intl. 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 nation.

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

0.64	RAPAX	Cohen Steers Real	Pair Corr
0.65	RAPIX	Cohen Steers Real	Pair Corr
0.85	RAPCX	Cohen Steers Real	Pair Corr
0.85	RAPZX	Cohen Steers Real	Pair Corr
0.64	RAPRX	Cohen Steers Real	Pair Corr
1.0	IRFIX	Cohen Steers Interna	Pair Corr
0.84	IRFRX	Cohen Steers Intl	Pair Corr
0.67	LPXFX	Cohen Steers Low	Pair Corr
0.74	CPXFX	Cohen Steers Preferred	Pair Corr
0.76	CPXAX	Cohen Steers Preferd	Pair Corr
0.84	CREFX	Cohen Steers Real	Pair Corr
0.73	CSJRX	Cohen Steers Realty	Pair Corr
0.83	CSRSX	Cohen Steers Realty	Pair Corr
0.77	CSRIX	Cohen And Steers	Pair Corr
0.88	DFGEX	Dfa Global Real	Pair Corr
0.97	VGRNX	Vanguard Global Ex	Pair Corr
0.77	DFITX	Dfa International Real	Pair Corr
0.87	VGRLX	Vanguard Global Ex	Pair Corr
0.85	PGRKX	Global Real Estate	Pair Corr
0.89	PGRUX	Global Real Estate	Pair Corr
0.62	MGLAX	Mfs Global Real	Pair Corr
0.63	MGLIX	Mfs Global Real	Pair Corr
0.84	BRKRX	Mfs Blended Research	Pair Corr
0.76	NWJJX	Nationwide Highmark Bond	Pair Corr
0.72	ACCSX	Access Capital Munity	Pair Corr
0.83	VMSAX	Vanguard Multi Sector	Pair Corr

Moving against Cohen Mutual Fund

0.33

BIPIX

Biotechnology Ultrasector

Pair Corr

Related Correlations Analysis

	CMGUX	FOSIX	BDMKX	ESFAX	TASTX	NWJVX	VSBIX
CMGUX		0.94	0.94	0.9	0.96	0.95	0.92	CMGUX
FOSIX	0.94		0.91	0.82	0.99	0.96	0.97	FOSIX
BDMKX	0.94	0.91		0.95	0.92	0.95	0.91	BDMKX
ESFAX	0.9	0.82	0.95		0.84	0.88	0.83	ESFAX
TASTX	0.96	0.99	0.92	0.84		0.97	0.97	TASTX
NWJVX	0.95	0.96	0.95	0.88	0.97		0.97	NWJVX
VSBIX	0.92	0.97	0.91	0.83	0.97	0.97		VSBIX
	CMGUX	FOSIX	BDMKX	ESFAX	TASTX	NWJVX	VSBIX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMGUX	0.04	0.01	0.00	(0.62)	0.00	0.11	0.00	0.54
FOSIX	0.10	0.01	0.59	(0.38)	(0.17)	0.22	(0.11)	0.66
BDMKX	0.07	0.02	0.65	(4.39)	(0.12)	0.11	(0.11)	0.44
ESFAX	0.16	0.05	0.33	0.37	(0.25)	0.41	(0.21)	1.04
TASTX	0.08	0.01	0.63	(0.55)	(0.17)	0.21	(0.10)	0.62
NWJVX	0.08	0.01	0.64	0.99	(0.14)	0.20	(0.10)	0.61
VSBIX	0.06	0.01	0.88	7.94	(0.08)	0.16	(0.12)	0.33

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