Cohen Steers Correlations

RFI Fund

USD 12.20 0.08 0.65%

The current 90-days correlation between Cohen Steers Total and Allianzgi Equity Convertible is 0.3 (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.

Cohen Steers Correlation With Market

Weak diversification

The correlation between Cohen Steers Total and DJI is 0.39 (i.e., Weak 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

0.82	STFGX	State Farm Growth	Pair Corr
0.85	NNY	Nuveen New York	Pair Corr
0.64	HLDSX	Hartford Emerging	Pair Corr
0.68	FRIMX	Fidelity Income Repl	Pair Corr
0.68	AFFIX	Api Multi Asset	Pair Corr
0.64	VGPMX	Vanguard Global Capital	Pair Corr

Moving against Cohen Fund

0.73	TWN	Taiwan Closed	Pair Corr
0.32	TRIZX	T Rowe Price	Pair Corr
0.36	LFRIX	Floating Rate	Pair Corr
0.33	RPIFX	T Rowe Price	Pair Corr

Related Correlations Analysis

	RNP	UTF	UTG	BST	RQI	PDO	MPV	NIE	CBH	FRA
RNP		0.9	0.75	0.1	0.96	0.17	-0.32	0.04	0.0	0.19	RNP
UTF	0.9		0.84	0.04	0.94	0.16	-0.34	-0.04	0.0	0.08	UTF
UTG	0.75	0.84		0.48	0.85	0.49	-0.09	0.3	0.0	-0.31	UTG
BST	0.1	0.04	0.48		0.14	0.75	0.48	0.87	0.0	-0.52	BST
RQI	0.96	0.94	0.85	0.14		0.24	-0.37	0.06	0.0	0.03	RQI
PDO	0.17	0.16	0.49	0.75	0.24		0.33	0.64	0.0	-0.71	PDO
MPV	-0.32	-0.34	-0.09	0.48	-0.37	0.33		0.43	0.0	-0.16	MPV
NIE	0.04	-0.04	0.3	0.87	0.06	0.64	0.43		0.0	-0.43	NIE
CBH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CBH
FRA	0.19	0.08	-0.31	-0.52	0.03	-0.71	-0.16	-0.43	0.0		FRA
	RNP	UTF	UTG	BST	RQI	PDO	MPV	NIE	CBH	FRA

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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

RQI	+ 0.96	RNP
RQI	+ 0.94	UTF
UTF	+ 0.9	RNP
NIE	+ 0.87	BST
RQI	+ 0.85	UTG
UTG	+ 0.84	UTF

High negative correlations

FRA	- 0.71	PDO
FRA	- 0.52	BST
FRA	- 0.43	NIE
MPV	- 0.37	RQI
MPV	- 0.34	UTF
MPV	- 0.32	RNP

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	0.73	(0.01)	(0.01)	(0.01)	0.99	(0.79)	1.59	(1.54)	5.45
UTF	0.68	(0.02)	0.00	(0.05)	0.00	0.00	1.29	(1.65)	3.09
UTG	0.90	0.01	0.00	0.02	1.60	(0.75)	1.90	(2.81)	5.72
BST	0.93	0.04	0.02	0.09	1.53	(0.86)	1.91	(1.83)	7.72
RQI	0.83	0.02	0.01	0.03	1.15	(0.86)	1.88	(1.82)	5.65
PDO	0.39	0.10	0.17	(1.35)	0.34	(0.42)	0.85	(0.85)	2.88
MPV	0.87	0.01	0.00	(0.09)	1.65	(0.77)	1.81	(2.00)	9.74
NIE	0.74	0.04	0.03	0.07	1.03	(0.74)	1.49	(1.65)	4.80
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FRA	0.51	(0.09)	0.00	(0.61)	0.00	0.00	1.10	(1.14)	3.24

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