Cohen Correlations

UTF Fund

USD 24.86 0.12 0.48%

The current 90-days correlation between Cohen And Steers and Cohen Steers Reit is 0.69 (i.e., Poor diversification). The correlation of Cohen 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 Correlation With Market

Very weak diversification

The correlation between Cohen And Steers 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 And Steers and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Cohen And Steers. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Cohen Fund

0.66	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.66	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.67	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.66	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.78	BORIX	Collegeadvantage 529	Pair Corr
0.8	FSUGX	American Funds Government	Pair Corr
0.86	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.62	PNMCX	Prudential National Muni	Pair Corr
0.74	NSITX	Northern Short-intermedia	Pair Corr
0.77	TEDMX	Templeton Developing	Pair Corr
0.8	HFHCX	Hartford Floating	Pair Corr
0.78	ACMTX	Ab All Market	Pair Corr
0.75	TEMHX	Tiaa Cref Emerging	Pair Corr
0.79	MINHX	Mfs International Value	Pair Corr
0.81	GCMDX	Goldman Sachs Local	Pair Corr
0.81	RYWTX	Emerging Markets	Pair Corr
0.66	GAB	Gabelli Equity Trust	Pair Corr
0.79	FHKCX	Fidelity China Region	Pair Corr
0.82	ISD	Pgim High Yield	Pair Corr
0.84	MFIRX	Ms Global Fixed	Pair Corr
0.61	JULMX	Multimanager Lifestyle	Pair Corr
0.78	HIO	Western Asset High	Pair Corr
0.82	HIMZX	Virtus Low Duration	Pair Corr
0.63	MIPIX	Matthews Asia Dividend	Pair Corr
0.86	LIFAX	Lord Abbett Inflation	Pair Corr
0.88	WMRIX	Wilmington Multi-manager	Pair Corr

Moving against Cohen Fund

0.7	SMPSX	Semiconductor Ultrasector	Pair Corr
0.64	SMPIX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	RNP	DNP	RQI	PDI	UTG	RFI	PDO	BST	PCN	GOF
RNP		0.78	0.87	0.84	0.49	0.95	0.76	0.03	0.89	0.78	RNP
DNP	0.78		0.7	0.95	0.51	0.79	0.89	-0.19	0.74	0.81	DNP
RQI	0.87	0.7		0.79	0.51	0.92	0.8	0.21	0.84	0.72	RQI
PDI	0.84	0.95	0.79		0.4	0.85	0.92	-0.21	0.79	0.91	PDI
UTG	0.49	0.51	0.51	0.4		0.5	0.51	0.63	0.59	0.32	UTG
RFI	0.95	0.79	0.92	0.85	0.5		0.8	0.07	0.9	0.81	RFI
PDO	0.76	0.89	0.8	0.92	0.51	0.8		-0.01	0.76	0.81	PDO
BST	0.03	-0.19	0.21	-0.21	0.63	0.07	-0.01		0.19	-0.25	BST
PCN	0.89	0.74	0.84	0.79	0.59	0.9	0.76	0.19		0.79	PCN
GOF	0.78	0.81	0.72	0.91	0.32	0.81	0.81	-0.25	0.79		GOF
	RNP	DNP	RQI	PDI	UTG	RFI	PDO	BST	PCN	GOF

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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

RFI	+ 0.95	RNP
PDI	+ 0.95	DNP
RFI	+ 0.92	RQI
PDO	+ 0.92	PDI
GOF	+ 0.91	PDI
PCN	+ 0.9	RFI

High negative correlations

GOF	- 0.25	BST
BST	- 0.21	PDI
BST	- 0.19	DNP
BST	- 0.01	PDO

Risk-Adjusted Indicators

There is a big difference between Cohen Fund performing well and Cohen 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's 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	0.07	0.09	0.05	1.05	(0.75)	1.45	(1.55)	4.54
DNP	0.72	0.11	0.15	0.22	0.85	(0.82)	1.54	(1.79)	5.33
RQI	0.88	(0.03)	0.05	0.04	1.30	(0.83)	1.81	(1.93)	4.75
PDI	0.34	0.12	0.30	0.54	0.33	(0.37)	0.82	(0.71)	2.07
UTG	0.94	0.07	0.06	0.05	1.49	(0.82)	1.92	(2.50)	5.69
RFI	0.70	0.02	0.06	(0.02)	0.92	(0.73)	1.26	(1.67)	4.04
PDO	0.42	0.07	0.18	0.23	0.59	(0.42)	0.83	(1.08)	3.44
BST	1.13	(0.12)	0.00	0.44	0.00	0.00	1.92	(2.99)	7.66
PCN	0.34	0.01	0.10	(0.02)	0.60	(0.31)	0.68	(0.75)	2.11
GOF	0.47	0.05	0.18	(0.60)	0.59	(0.46)	0.97	(1.13)	2.89

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