Cohen Steers Correlations
| LPXZX Fund | USD 9.47 0.04 0.42% |
The current 90-days correlation between Cohen Steers Low and Allianzgi Health Sciences is -0.13 (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
Significant diversification
The correlation between Cohen Steers Low and DJI is 0.01 (i.e., Significant 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.
Cohen |
Moving together with Cohen Mutual Fund
| 0.86 | PISHX | Cohen Steers Preferred | PairCorr |
| 0.77 | RAPAX | Cohen Steers Real | PairCorr |
| 0.78 | RAPIX | Cohen Steers Real | PairCorr |
| 0.76 | RAPCX | Cohen Steers Real | PairCorr |
| 0.78 | RAPZX | Cohen Steers Real | PairCorr |
| 0.76 | RAPRX | Cohen Steers Real | PairCorr |
| 1.0 | LPXRX | Cohen Steers Low | PairCorr |
| 0.99 | LPXCX | Cohen Steers Low | PairCorr |
| 0.99 | LPXAX | Cohen Steers Low | PairCorr |
| 0.93 | LPXFX | Cohen Steers Low | PairCorr |
| 1.0 | LPXIX | Cohen Steers Low | PairCorr |
| 0.83 | CPRRX | Cohen Steers Preferred | PairCorr |
| 0.89 | CPXIX | Cohen Steers Prfrd | PairCorr |
| 0.71 | CPXFX | Cohen Steers Preferred | PairCorr |
| 0.74 | CPXCX | Cohen Steers Prefrd | PairCorr |
| 0.88 | CPXAX | Cohen Steers Preferd | PairCorr |
| 0.89 | CPXZX | Cohen Steers Preferred | PairCorr |
Related Correlations Analysis
| 0.91 | 0.86 | 0.87 | 0.94 | 0.88 | 0.95 | RAGHX | ||
| 0.91 | 0.86 | 0.87 | 0.95 | 0.89 | 0.91 | HCPIX | ||
| 0.86 | 0.86 | 0.89 | 0.88 | 1.0 | 0.93 | BHSRX | ||
| 0.87 | 0.87 | 0.89 | 0.86 | 0.9 | 0.9 | LYFAX | ||
| 0.94 | 0.95 | 0.88 | 0.86 | 0.9 | 0.97 | RYHCX | ||
| 0.88 | 0.89 | 1.0 | 0.9 | 0.9 | 0.94 | SHSSX | ||
| 0.95 | 0.91 | 0.93 | 0.9 | 0.97 | 0.94 | HIAHX | ||
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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 | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RAGHX | 0.65 | 0.02 | 0.04 | 0.02 | 0.82 | 1.23 | 3.04 | |||
| HCPIX | 0.95 | 0.08 | 0.08 | 0.09 | 0.98 | 1.88 | 4.85 | |||
| BHSRX | 0.66 | (0.02) | 0.00 | (0.06) | 0.00 | 1.32 | 6.19 | |||
| LYFAX | 0.58 | 0.00 | 0.03 | (0.03) | 0.73 | 1.12 | 2.95 | |||
| RYHCX | 0.62 | 0.02 | 0.04 | 0.02 | 0.80 | 1.20 | 3.36 | |||
| SHSSX | 0.65 | (0.01) | 0.00 | (0.04) | 0.00 | 1.32 | 5.72 | |||
| HIAHX | 0.63 | 0.01 | 0.03 | 0.00 | 0.76 | 1.19 | 3.28 |