Cohen Steers Correlations

LPXCX Fund

USD 9.46 0.03 0.32%

The current 90-days correlation between Cohen Steers Low and Cohen Steers Prfrd is 0.73 (i.e., Poor 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

Average diversification

The correlation between Cohen Steers Low and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Low 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 Low. 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

0.62	MLOAX	Cohen Steers Mlp	Pair Corr
0.62	MLOCX	Cohen Steers Mlp	Pair Corr
0.62	MLOIX	Cohen Steers Mlp	Pair Corr
0.62	MLORX	Cohen Steers Mlp	Pair Corr
0.62	MLOZX	Cohen Steers Mlp	Pair Corr
0.99	PISHX	Cohen Steers Preferred	Pair Corr
0.62	RAPAX	Cohen Steers Real	Pair Corr
0.63	RAPIX	Cohen Steers Real	Pair Corr
0.63	RAPZX	Cohen Steers Real	Pair Corr
0.61	RAPRX	Cohen Steers Real	Pair Corr
0.99	LPXRX	Cohen Steers Low	Pair Corr
0.99	LPXZX	Cohen Steers Low	Pair Corr
0.99	LPXAX	Cohen Steers Low	Pair Corr
0.99	LPXFX	Cohen Steers Low	Pair Corr
0.99	LPXIX	Cohen Steers Low	Pair Corr
0.92	CPRRX	Cohen Steers Preferred	Pair Corr
0.94	CPXIX	Cohen Steers Prfrd	Pair Corr
0.94	CPXFX	Cohen Steers Preferred	Pair Corr
0.9	CPXCX	Cohen Steers Prefrd	Pair Corr
0.93	CPXAX	Cohen Steers Preferd	Pair Corr
0.93	CPXZX	Cohen Steers Preferred	Pair Corr

Moving against Cohen Mutual Fund

0.35	IRFAX	Cohen Steers Interna	Pair Corr
0.35	IRFCX	Cohen Steers Interna	Pair Corr
0.35	IRFIX	Cohen Steers Interna	Pair Corr
0.35	IRFRX	Cohen Steers Intl	Pair Corr

Related Correlations Analysis

	CPXIX	CPXFX	PPSAX	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX
CPXIX		1.0	0.97	0.0	0.81	0.4	0.77	-0.05	0.01	0.76	CPXIX
CPXFX	1.0		0.98	0.0	0.81	0.39	0.77	-0.04	0.01	0.76	CPXFX
PPSAX	0.97	0.98		0.0	0.77	0.3	0.73	-0.02	0.01	0.69	PPSAX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.81	0.81	0.77	0.0		0.27	0.69	-0.06	-0.02	0.86	MSTSX
ABHYX	0.4	0.39	0.3	0.0	0.27		0.56	-0.14	-0.08	0.44	ABHYX
LBHIX	0.77	0.77	0.73	0.0	0.69	0.56		-0.38	0.3	0.77	LBHIX
SCAXF	-0.05	-0.04	-0.02	0.0	-0.06	-0.14	-0.38		-0.83	-0.23	SCAXF
VIASP	0.01	0.01	0.01	0.0	-0.02	-0.08	0.3	-0.83		0.16	VIASP
RRTLX	0.76	0.76	0.69	0.0	0.86	0.44	0.77	-0.23	0.16		RRTLX
	CPXIX	CPXFX	PPSAX	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX

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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

CPXFX	+ 1.0	CPXIX
PPSAX	+ 0.98	CPXFX
PPSAX	+ 0.97	CPXIX
RRTLX	+ 0.86	MSTSX
MSTSX	+ 0.81	CPXIX
MSTSX	+ 0.81	CPXFX

High negative correlations

VIASP	- 0.83	SCAXF
SCAXF	- 0.38	LBHIX
RRTLX	- 0.23	SCAXF
SCAXF	- 0.14	ABHYX
VIASP	- 0.08	ABHYX
SCAXF	- 0.06	MSTSX

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CPXIX	0.12	0.01	(0.62)	0.28	0.00	(0.18)	0.25	(0.24)	0.64
CPXFX	0.12	0.01	(0.69)	0.29	0.00	(0.16)	0.24	(0.24)	0.72
PPSAX	0.10	0.01	(0.58)	0.39	0.00	(0.16)	0.22	(0.21)	0.75
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.49	(0.03)	(0.13)	0.07	0.50	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.23)	(0.15)	0.24	(0.24)	0.34	(0.33)	1.91
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(19.66)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	(0.02)	(0.30)	0.07	0.23	(0.25)	0.48	(0.56)	1.36

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