Cohen Steers Correlations

RAPIX Fund  USD 10.38  0.04  0.38%   
The current 90-days correlation between Cohen Steers Real and Ultra Short Fixed Income is -0.2 (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 Real and DJI is 0.05 (i.e., Significant 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 gross domestic product.
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

  0.79PISHX Cohen Steers PreferredPairCorr
  0.96RAPAX Cohen Steers RealPairCorr
  0.96RAPCX Cohen Steers RealPairCorr
  0.91RAPZX Cohen Steers RealPairCorr
  0.96RAPRX Cohen Steers RealPairCorr
  0.72CIRRX Cohen Steers RealPairCorr
  0.79IRFZX Cohen Steers IntlPairCorr
  0.79IRFAX Cohen Steers InternaPairCorr
  0.78IRFCX Cohen Steers InternaPairCorr
  0.79IRFIX Cohen Steers InternaPairCorr
  0.77IRFRX Cohen Steers IntlPairCorr
  0.78LPXRX Cohen Steers LowPairCorr
  0.78LPXZX Cohen Steers LowPairCorr
  0.8LPXCX Cohen Steers LowPairCorr
  0.8LPXAX Cohen Steers LowPairCorr
  0.77LPXIX Cohen Steers LowPairCorr
  0.83CPXIX Cohen Steers PrfrdPairCorr
  0.83CPXFX Cohen Steers PreferredPairCorr
  0.82CPXCX Cohen Steers PrefrdPairCorr
  0.81CPXAX Cohen Steers PreferdPairCorr
  0.83CPXZX Cohen Steers PreferredPairCorr
  0.73CREFX Cohen Steers RealPairCorr
  0.71CSCIX Cohen Steers RealPairCorr
  0.73CSDIX Cohen Steers RealPairCorr
  0.72CSEIX Cohen Steers RealPairCorr
  0.78CSFZX Cohen Steers GlobalPairCorr
  0.77CSFCX Cohen Steers GlobalPairCorr
  0.78CSFAX Cohen Steers GlobalPairCorr
  0.66CSJCX Cohen Steers RealtyPairCorr
  0.74CSJAX Cohen Steers RealtyPairCorr
  0.74CSJZX Cohen Steers RealtyPairCorr
  0.75CSJRX Cohen Steers RealtyPairCorr
  0.74CSJIX Cohen Steers RealtyPairCorr
  0.74GRSRX Cohen Steers GlobalPairCorr

Related Correlations Analysis

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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   
TIQIXRTIUX
DLENXRTIUX
TIQIXDLENX
DLENXSWSFX
FITSXRTIUX
TIQIXFITSX
  
High negative correlations   
SMNIXSWSFX
SMNIXDLENX

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.