Cohen Steers Correlations

RAPIX Fund  USD 10.52  0.08  0.75%   
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

Very weak diversification

The correlation between Cohen Steers Real and DJI is 0.49 (i.e., Very weak 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

  0.84PISHX Cohen Steers PreferredPairCorr
  1.0RAPAX Cohen Steers RealPairCorr
  1.0RAPCX Cohen Steers RealPairCorr
  0.88RAPZX Cohen Steers RealPairCorr
  1.0RAPRX Cohen Steers RealPairCorr
  0.78CIRRX Cohen Steers RealPairCorr
  0.65IRFZX Cohen Steers IntlPairCorr
  0.83IRFAX Cohen Steers InternaPairCorr
  0.83IRFCX Cohen Steers InternaPairCorr
  0.65IRFIX Cohen Steers InternaPairCorr
  0.83IRFRX Cohen Steers IntlPairCorr
  0.87LPXRX Cohen Steers LowPairCorr
  0.88LPXZX Cohen Steers LowPairCorr
  0.84LPXCX Cohen Steers LowPairCorr
  0.87LPXAX Cohen Steers LowPairCorr
  0.87LPXFX Cohen Steers LowPairCorr
  0.87LPXIX Cohen Steers LowPairCorr
  0.82CPRRX Cohen Steers PreferredPairCorr
  0.82CPXIX Cohen Steers PrfrdPairCorr
  0.82CPXFX Cohen Steers PreferredPairCorr
  0.8CPXCX Cohen Steers PrefrdPairCorr
  0.82CPXAX Cohen Steers PreferdPairCorr
  0.82CPXZX Cohen Steers PreferredPairCorr
  0.67CREFX Cohen Steers RealPairCorr
  0.64CSCIX Cohen Steers RealPairCorr
  0.79CSDIX Cohen Steers RealPairCorr
  0.79CSEIX Cohen Steers RealPairCorr
  0.75CSFZX Cohen Steers GlobalPairCorr
  0.73CSFCX Cohen Steers GlobalPairCorr
  0.75CSFAX Cohen Steers GlobalPairCorr
  0.77CSJCX Cohen Steers RealtyPairCorr
  0.77CSJAX Cohen Steers RealtyPairCorr
  0.65CSJZX Cohen Steers RealtyPairCorr
  0.62CSJRX Cohen Steers RealtyPairCorr

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   
PIEQXREMVX
PIEQXBXDCX
PIEQXEICVX
EICVXBXDCX
EICVXREMVX
BXDCXREMVX
  
High negative correlations   
KMVAXBXDCX
PIEQXKMVAX
KMVAXREMVX
OPTCXKMVAX
KMVAXEICVX
OPTCXCCMSX

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.