Cohen Steers Correlations

RQI Fund

USD 13.93 0.26 1.90%

The current 90-days correlation between Cohen Steers Qualityome and Cohen And Steers is 0.61 (i.e., Poor 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

Significant diversification

The correlation between Cohen Steers Qualityome and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers Qualityome 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 Qualityome. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

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

Moving against Cohen Fund

0.36	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.36	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.36	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.35	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.35	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.41	FSRBX	Banking Portfolio Banking	Pair Corr
0.36	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.35	WCPSX	Mobile Telecommunicatio	Pair Corr

Related Correlations Analysis

	UTF	UTG	RFI	PDO	RNP	PTY	HQH	MCI	ETG	TBLD
UTF		0.59	0.3	0.56	0.36	0.31	-0.24	0.56	0.32	0.28	UTF
UTG	0.59		-0.32	0.2	-0.27	0.89	-0.71	0.87	0.67	-0.26	UTG
RFI	0.3	-0.32		0.04	0.79	-0.4	0.38	-0.39	-0.39	0.24	RFI
PDO	0.56	0.2	0.04		0.32	0.07	0.12	0.22	0.36	0.53	PDO
RNP	0.36	-0.27	0.79	0.32		-0.36	0.52	-0.26	-0.12	0.49	RNP
PTY	0.31	0.89	-0.4	0.07	-0.36		-0.71	0.78	0.67	-0.35	PTY
HQH	-0.24	-0.71	0.38	0.12	0.52	-0.71		-0.6	-0.2	0.59	HQH
MCI	0.56	0.87	-0.39	0.22	-0.26	0.78	-0.6		0.62	-0.03	MCI
ETG	0.32	0.67	-0.39	0.36	-0.12	0.67	-0.2	0.62		0.02	ETG
TBLD	0.28	-0.26	0.24	0.53	0.49	-0.35	0.59	-0.03	0.02		TBLD
	UTF	UTG	RFI	PDO	RNP	PTY	HQH	MCI	ETG	TBLD

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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

PTY	+ 0.89	UTG
MCI	+ 0.87	UTG
RNP	+ 0.79	RFI
MCI	+ 0.78	PTY
ETG	+ 0.67	UTG
ETG	+ 0.67	PTY

High negative correlations

HQH	- 0.71	PTY
HQH	- 0.71	UTG
MCI	- 0.6	HQH
PTY	- 0.4	RFI
ETG	- 0.39	RFI
MCI	- 0.39	RFI

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
UTF	0.65	0.10	0.00	1.48	0.67	(0.69)	1.31	(1.44)	3.41
UTG	0.68	0.22	0.13	0.97	0.64	(0.73)	1.48	(1.54)	4.23
RFI	0.80	0.02	(0.07)	0.41	1.02	(0.84)	1.47	(1.67)	5.38
PDO	0.47	0.04	(0.09)	0.60	0.70	(0.44)	0.92	(1.01)	2.88
RNP	0.87	0.00	(0.08)	0.14	1.02	(0.94)	1.79	(1.78)	4.54
PTY	0.17	0.07	(0.17)	3.26	0.00	(0.23)	0.50	(0.21)	1.26
HQH	0.71	(0.20)	0.00	(0.20)	0.00	0.00	1.08	(1.56)	6.31
MCI	0.92	0.15	0.04	0.86	1.20	(0.99)	1.98	(1.48)	7.41
ETG	0.59	(0.06)	(0.10)	0.03	0.81	(0.59)	1.10	(1.30)	3.62
TBLD	0.62	(0.02)	(0.17)	(0.07)	0.71	(0.69)	1.28	(1.05)	3.40

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