Cohen Steers Correlations

LDP Fund

USD 20.40 0.02 0.1%

The current 90-days correlation between Cohen Steers Limited and Tekla Healthcare Investors is 0.53 (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 Limited and DJI is 0.54 (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 Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Cohen Steers Limited. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Cohen Fund, please use our How to Invest in Cohen Steers guide.

Moving together with Cohen Fund

0.69	KF	Korea Closed	Pair Corr
0.71	FMY	First Trust Mortgage	Pair Corr
0.67	UTF	Cohen And Steers	Pair Corr
0.65	ARBOX	Absolute Convertible	Pair Corr
0.77	TIMUX	Transamerica Intermediate	Pair Corr
0.71	DLDFX	Destinations Low Duration	Pair Corr
0.7	VICSX	Vanguard Intermediate-ter	Pair Corr
0.82	PGLSX	Global Multi Strategy	Pair Corr
0.83	HTD	John Hancock Tax	Pair Corr
0.66	SGDLX	Sprott Gold Equity	Pair Corr
0.67	HRBDX	Harbor Bond Fund	Pair Corr
0.94	RXRPX	American Funds Retirement	Pair Corr
0.71	ABNOX	Ab Bond Inflation	Pair Corr
0.9	DBIWX	Dws Global Macro	Pair Corr
0.85	HWACX	Hotchkis Wiley Value	Pair Corr
0.62	BISMX	Brandes International	Pair Corr
0.78	GIOIX	Guggenheim Macro Opp	Pair Corr
0.67	EBSIX	Campbell Systematic Macro	Pair Corr
0.72	EMBAX	Unconstrained Emerging	Pair Corr

Related Correlations Analysis

	HQH	THQ	ETO	THW	SDHY	MHD	JHAA	DTF	MQY	FTF
HQH		0.87	0.74	0.89	0.84	0.8	0.0	0.76	0.48	0.84	HQH
THQ	0.87		0.49	0.99	0.91	0.62	0.0	0.75	0.39	0.75	THQ
ETO	0.74	0.49		0.53	0.57	0.71	0.0	0.52	0.42	0.68	ETO
THW	0.89	0.99	0.53		0.93	0.67	0.0	0.79	0.41	0.79	THW
SDHY	0.84	0.91	0.57	0.93		0.71	0.0	0.79	0.5	0.78	SDHY
MHD	0.8	0.62	0.71	0.67	0.71		0.0	0.81	0.82	0.76	MHD
JHAA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	JHAA
DTF	0.76	0.75	0.52	0.79	0.79	0.81	0.0		0.58	0.83	DTF
MQY	0.48	0.39	0.42	0.41	0.5	0.82	0.0	0.58		0.4	MQY
FTF	0.84	0.75	0.68	0.79	0.78	0.76	0.0	0.83	0.4		FTF
	HQH	THQ	ETO	THW	SDHY	MHD	JHAA	DTF	MQY	FTF

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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

THW	+ 0.99	THQ
SDHY	+ 0.93	THW
SDHY	+ 0.91	THQ
THW	+ 0.89	HQH
THQ	+ 0.87	HQH
SDHY	+ 0.84	HQH

High negative correlations

FTF	- 0.0	JHAA
MQY	- 0.0	JHAA
DTF	- 0.0	JHAA
JHAA	- 0.0	MHD
JHAA	- 0.0	SDHY
JHAA	- 0.0	THW

Risk-Adjusted Indicators

There is a big difference between Cohen Fund performing well and Cohen Steers 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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HQH	0.86	0.06	0.08	0.04	1.06	(0.89)	1.62	(1.69)	3.79
THQ	0.86	0.17	0.20	0.18	0.86	(0.99)	1.92	(1.41)	4.40
ETO	0.62	(0.01)	0.00	(0.08)	0.00	0.00	1.37	(1.32)	3.23
THW	0.64	0.11	0.17	0.19	0.72	(0.68)	1.40	(1.76)	3.96
SDHY	0.31	0.05	0.21	0.15	0.37	(0.34)	0.61	(0.75)	1.66
MHD	0.50	(0.03)	0.00	(0.32)	0.00	0.00	0.94	(1.03)	2.80
JHAA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DTF	0.32	0.00	0.12	0.00	0.47	(0.31)	0.72	(0.62)	1.72
MQY	0.52	(0.06)	0.00	(0.30)	0.00	0.00	1.04	(1.18)	2.85
FTF	0.46	0.01	0.09	(0.02)	0.67	(0.45)	0.81	(0.92)	3.29

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