Cohen Steers Correlations

PISHX Fund

USD 10.16 0.04 0.39%

The current 90-days correlation between Cohen Steers Preferred and Bbh Intermediate Municipal is 0.33 (i.e., 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

Modest diversification

The correlation between Cohen Steers Preferred and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Preferred and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Cohen Steers Preferred. 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 rate.

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

0.65	MLOAX	Cohen Steers Mlp	Pair Corr
0.65	MLOCX	Cohen Steers Mlp	Pair Corr
0.65	MLOIX	Cohen Steers Mlp	Pair Corr
0.65	MLORX	Cohen Steers Mlp	Pair Corr
0.66	MLOZX	Cohen Steers Mlp	Pair Corr
0.64	RAPAX	Cohen Steers Real	Pair Corr
0.65	RAPIX	Cohen Steers Real	Pair Corr
0.61	RAPCX	Cohen Steers Real	Pair Corr
0.65	RAPZX	Cohen Steers Real	Pair Corr
0.63	RAPRX	Cohen Steers Real	Pair Corr
0.99	LPXRX	Cohen Steers Low	Pair Corr
0.99	LPXZX	Cohen Steers Low	Pair Corr
0.99	LPXCX	Cohen Steers Low	Pair Corr
0.98	LPXAX	Cohen Steers Low	Pair Corr
0.98	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
0.94	CPXZX	Cohen Steers Preferred	Pair Corr

Moving against Cohen Mutual Fund

0.37	IRFCX	Cohen Steers Interna	Pair Corr
0.36	IRFZX	Cohen Steers Intl	Pair Corr
0.36	IRFAX	Cohen Steers Interna	Pair Corr
0.36	IRFIX	Cohen Steers Interna	Pair Corr
0.36	IRFRX	Cohen Steers Intl	Pair Corr

Related Correlations Analysis

	BBIIX	DHGCX	TTRBX	PAMFX	LCPMX	PRVHX	TPYYX
BBIIX		0.8	0.85	0.96	0.58	0.33	0.47	BBIIX
DHGCX	0.8		0.94	0.8	0.13	0.21	0.34	DHGCX
TTRBX	0.85	0.94		0.81	0.2	0.35	0.37	TTRBX
PAMFX	0.96	0.8	0.81		0.62	0.42	0.52	PAMFX
LCPMX	0.58	0.13	0.2	0.62		0.54	0.34	LCPMX
PRVHX	0.33	0.21	0.35	0.42	0.54		0.52	PRVHX
TPYYX	0.47	0.34	0.37	0.52	0.34	0.52		TPYYX
	BBIIX	DHGCX	TTRBX	PAMFX	LCPMX	PRVHX	TPYYX

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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
BBIIX	0.12	0.01	(0.43)	(0.06)	0.14	(0.18)	0.29	(0.29)	1.17
DHGCX	0.16	0.00	(0.68)	0.37	0.16	(0.19)	0.35	(0.25)	0.96
TTRBX	0.13	0.00	(0.62)	0.13	0.14	(0.17)	0.30	(0.30)	0.70
PAMFX	0.14	0.02	(0.33)	(0.09)	0.18	(0.19)	0.30	(0.39)	1.30
LCPMX	0.16	0.04	(0.19)	(0.36)	0.16	(0.23)	0.45	(0.34)	2.03
PRVHX	0.10	0.00	(0.98)	0.35	0.00	(0.10)	0.22	(0.20)	0.53
TPYYX	0.70	(0.08)	(0.11)	0.02	0.95	(0.74)	1.40	(1.71)	5.39

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