Cohen Steers Correlations

RFI Fund

USD 11.95 0.02 0.17%

The current 90-days correlation between Cohen Steers Total and Barings Participation Investors is 0.12 (i.e., Average 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.

Cohen Steers Correlation With Market

Good diversification

The correlation between Cohen Steers Total and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Total 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 Total. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in census.

For more detail on how to invest in Cohen Fund please use our How to Invest in Cohen Steers guide.

Moving together with Cohen Fund

0.81	DNP	Dnp Select Income	Pair Corr
0.7	GAB	Gabelli Equity Trust	Pair Corr
0.84	RIV	Rivernorth Opportunities	Pair Corr
0.75	T	ATT Inc Earnings Call This Week	Pair Corr
0.75	IBM	International Business	Pair Corr
0.72	KO	Coca Cola	Pair Corr
0.84	GE	GE Aerospace	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.65	VZ	Verizon Communications	Pair Corr

Moving against Cohen Fund

0.67	MRK	Merck Company	Pair Corr
0.46	MSFT	Microsoft	Pair Corr
0.43	AA	Alcoa Corp	Pair Corr
0.4	CAT	Caterpillar	Pair Corr
0.35	ETJ	Eaton Vance Risk	Pair Corr
0.34	CRF	Cornerstone Strategic	Pair Corr

Related Correlations Analysis

	RNP	UTF	UTG	BST	RQI	PDO	MPV	NIE	CBH	FRA
RNP		0.54	0.43	-0.07	0.87	0.81	-0.3	-0.14	0.0	-0.42	RNP
UTF	0.54		0.32	-0.06	0.59	0.55	-0.26	-0.11	0.0	-0.36	UTF
UTG	0.43	0.32		0.66	0.55	0.36	0.39	0.52	0.0	-0.46	UTG
BST	-0.07	-0.06	0.66		0.18	-0.16	0.76	0.95	0.0	0.08	BST
RQI	0.87	0.59	0.55	0.18		0.8	-0.17	0.11	0.0	-0.52	RQI
PDO	0.81	0.55	0.36	-0.16	0.8		-0.37	-0.27	0.0	-0.69	PDO
MPV	-0.3	-0.26	0.39	0.76	-0.17	-0.37		0.75	0.0	0.35	MPV
NIE	-0.14	-0.11	0.52	0.95	0.11	-0.27	0.75		0.0	0.18	NIE
CBH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CBH
FRA	-0.42	-0.36	-0.46	0.08	-0.52	-0.69	0.35	0.18	0.0		FRA
	RNP	UTF	UTG	BST	RQI	PDO	MPV	NIE	CBH	FRA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

NIE	+ 0.95	BST
RQI	+ 0.87	RNP
PDO	+ 0.81	RNP
PDO	+ 0.8	RQI
MPV	+ 0.76	BST
NIE	+ 0.75	MPV

High negative correlations

FRA	- 0.69	PDO
FRA	- 0.52	RQI
FRA	- 0.46	UTG
FRA	- 0.42	RNP
MPV	- 0.37	PDO
FRA	- 0.36	UTF

Risk-Adjusted Indicators

There is a big difference between Cohen Fund performing well and Cohen Steers 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
RNP	0.67	0.09	0.16	2.44	0.79	(0.73)	1.45	(1.41)	4.54
UTF	0.63	0.13	0.28	1.31	0.47	(0.78)	1.61	(0.96)	3.59
UTG	0.88	0.11	0.11	0.54	1.25	(0.83)	1.92	(2.31)	5.69
BST	1.10	(0.08)	0.00	3.05	0.00	0.00	1.92	(2.99)	7.66
RQI	0.79	0.06	0.11	(2.43)	1.05	(0.80)	1.64	(1.72)	4.73
PDO	0.38	0.12	0.26	3.31	0.42	(0.42)	0.83	(0.97)	3.44
MPV	1.02	(0.08)	0.00	(1.90)	0.00	0.00	2.34	(2.00)	9.74
NIE	0.83	(0.10)	0.00	2.45	0.00	0.00	1.35	(2.20)	7.23
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FRA	0.42	(0.13)	0.00	(1.20)	0.00	0.00	0.63	(1.10)	2.11

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