Cohen Steers Correlations

RAPCX Fund

USD 10.51 0.03 0.29%

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 Real 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 Real 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 Real. 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

0.61	PISHX	Cohen Steers Preferred	Pair Corr
1.0	RAPAX	Cohen Steers Real	Pair Corr
1.0	RAPIX	Cohen Steers Real	Pair Corr
1.0	RAPZX	Cohen Steers Real	Pair Corr
1.0	RAPRX	Cohen Steers Real	Pair Corr
0.76	CPRRX	Cohen Steers Preferred	Pair Corr
0.74	CPXIX	Cohen Steers Prfrd	Pair Corr
0.73	CPXFX	Cohen Steers Preferred	Pair Corr
0.77	CPXCX	Cohen Steers Prefrd	Pair Corr
0.76	CPXAX	Cohen Steers Preferd	Pair Corr
0.73	CPXZX	Cohen Steers Preferred	Pair Corr

Related Correlations Analysis

	RGFIX	BTO	MSVIX	RPFGX	VFAIX	ICFAX
RGFIX		0.0	0.0	0.0	0.0	0.0	RGFIX
BTO	0.0		0.84	0.98	0.99	0.69	BTO
MSVIX	0.0	0.84		0.87	0.84	0.7	MSVIX
RPFGX	0.0	0.98	0.87		0.99	0.72	RPFGX
VFAIX	0.0	0.99	0.84	0.99		0.71	VFAIX
ICFAX	0.0	0.69	0.7	0.72	0.71		ICFAX
	RGFIX	BTO	MSVIX	RPFGX	VFAIX	ICFAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

VFAIX	+ 0.99	BTO
VFAIX	+ 0.99	RPFGX
RPFGX	+ 0.98	BTO
RPFGX	+ 0.87	MSVIX
MSVIX	+ 0.84	BTO
VFAIX	+ 0.84	MSVIX

High negative correlations

ICFAX	- 0.0	RGFIX
VFAIX	- 0.0	RGFIX
RPFGX	- 0.0	RGFIX
MSVIX	- 0.0	RGFIX
BTO	- 0.0	RGFIX

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
RGFIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTO	0.90	0.10	0.15	0.20	0.72	(0.99)	1.88	(1.32)	9.88
MSVIX	0.78	(0.06)	(0.03)	0.08	0.83	(0.86)	1.78	(1.41)	5.71
RPFGX	0.80	0.04	0.10	0.16	0.51	(1.00)	1.85	(1.40)	7.59
VFAIX	0.78	0.06	0.12	0.17	0.51	(0.93)	1.77	(1.22)	8.51
ICFAX	0.93	(0.22)	0.00	(0.10)	0.00	0.00	1.43	(1.23)	5.10

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC