Cohen Steers Correlations

RLTY Stock

USD 15.34 0.16 1.03%

The current 90-days correlation between Cohen Steers Real and Guggenheim Active Allocation is 0.14 (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. 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 0.42 (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 company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Cohen Stock please use our How to Invest in Cohen Steers guide.

Moving together with Cohen Stock

0.78	V	Visa Class A	Pair Corr
0.74	MA	Mastercard Sell-off Trend	Pair Corr
0.66	MFA	MFA Financial	Pair Corr
0.73	TWO	Two Harbors Investments	Pair Corr
0.83	COOP	Mr Cooper Group	Pair Corr
0.79	BK	Bank of New York	Pair Corr
0.88	GL	Globe Life	Pair Corr

Moving against Cohen Stock

0.49	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.39	DHIL	Diamond Hill Investment	Pair Corr
0.82	VALU	Value Line	Pair Corr
0.59	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.48	WT	WisdomTree	Pair Corr
0.42	EG	Everest Group	Pair Corr
0.42	VBFC	Village Bank	Pair Corr
0.31	CM	Canadian Imperial Bank	Pair Corr

Related Correlations Analysis

	GUG	RFM	WDI	PTA	TBLD	GBAB	AVK	BGT	JLS	NSL
GUG		0.83	0.86	0.77	0.71	0.79	0.65	0.23	0.78	0.0	GUG
RFM	0.83		0.93	0.82	0.6	0.8	0.72	0.23	0.75	0.0	RFM
WDI	0.86	0.93		0.83	0.63	0.75	0.78	0.14	0.73	0.0	WDI
PTA	0.77	0.82	0.83		0.38	0.7	0.78	0.12	0.51	0.0	PTA
TBLD	0.71	0.6	0.63	0.38		0.75	0.17	0.17	0.82	0.0	TBLD
GBAB	0.79	0.8	0.75	0.7	0.75		0.4	0.02	0.83	0.0	GBAB
AVK	0.65	0.72	0.78	0.78	0.17	0.4		0.08	0.34	0.0	AVK
BGT	0.23	0.23	0.14	0.12	0.17	0.02	0.08		0.06	0.0	BGT
JLS	0.78	0.75	0.73	0.51	0.82	0.83	0.34	0.06		0.0	JLS
NSL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NSL
	GUG	RFM	WDI	PTA	TBLD	GBAB	AVK	BGT	JLS	NSL

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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

WDI	+ 0.93	RFM
WDI	+ 0.86	GUG
RFM	+ 0.83	GUG
PTA	+ 0.83	WDI
JLS	+ 0.83	GBAB
PTA	+ 0.82	RFM

High negative correlations

NSL	- 0.0	JLS
NSL	- 0.0	BGT
NSL	- 0.0	AVK
NSL	- 0.0	GBAB
NSL	- 0.0	TBLD
NSL	- 0.0	PTA

Risk-Adjusted Indicators

There is a big difference between Cohen Stock performing well and Cohen Steers Company 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
GUG	0.63	0.05	0.13	0.30	0.82	(0.71)	1.30	(1.30)	5.01
RFM	0.39	0.03	0.18	0.09	0.43	(0.45)	0.72	(0.67)	2.83
WDI	0.40	0.07	0.21	0.19	0.45	(0.44)	0.84	(0.99)	2.70
PTA	0.51	0.05	0.15	0.11	0.58	(0.57)	1.20	(1.02)	3.29
TBLD	0.50	0.19	0.43	0.63	0.09	(0.65)	1.29	(0.73)	2.48
GBAB	0.48	0.07	0.19	0.35	0.53	(0.53)	1.08	(1.00)	3.66
AVK	0.55	0.05	0.14	0.07	0.57	(0.64)	1.15	(0.91)	3.78
BGT	0.41	(0.03)	0.00	(0.29)	0.00	0.00	0.80	(0.87)	2.24
JLS	0.36	0.09	0.36	7.95	0.18	(0.43)	0.80	(0.53)	2.78
NSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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