Cohen Steers Reit Fund Market Value
| RNP Fund | USD 23.26 0.41 1.79% |
| Symbol | Cohen |
Cohen Steers 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cohen Steers' fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cohen Steers.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Cohen Steers on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Cohen Steers Reit or generate 0.0% return on investment in Cohen Steers over 180 days. Cohen Steers is related to or competes with Cohen, Cohen Steers, Reaves Utility, BlackRock Science, Cohen Steers, Pimco Corporate, and Tekla Healthcare. Cohen Steers REIT and Preferred Income Fund, Inc More
Cohen Steers Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cohen Steers' fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cohen Steers Reit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.54 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.79 |
Cohen Steers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cohen Steers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cohen Steers' standard deviation. In reality, there are many statistical measures that can use Cohen Steers historical prices to predict the future Cohen Steers' volatility.| Risk Adjusted Performance | 0.0299 | |||
| Jensen Alpha | 0.0041 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.1351 |
Cohen Steers Reit Backtested Returns
Currently, Cohen Steers Reit is very steady. Cohen Steers Reit secures Sharpe Ratio (or Efficiency) of 0.0166, which signifies that the fund had a 0.0166% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cohen Steers Reit, which you can use to evaluate the volatility of the entity. Please confirm Cohen Steers' Mean Deviation of 0.8719, risk adjusted performance of 0.0299, and Downside Deviation of 1.05 to double-check if the risk estimate we provide is consistent with the expected return of 0.0178%. The fund shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cohen Steers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cohen Steers is expected to be smaller as well.
Auto-correlation | -0.43 |
Modest reverse predictability
Cohen Steers Reit has modest reverse predictability. Overlapping area represents the amount of predictability between Cohen Steers time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cohen Steers Reit price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Cohen Steers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Cohen Steers Reit lagged returns against current returns
Autocorrelation, which is Cohen Steers fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cohen Steers' fund expected returns. We can calculate the autocorrelation of Cohen Steers returns to help us make a trade decision. For example, suppose you find that Cohen Steers has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cohen Steers regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cohen Steers fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cohen Steers fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cohen Steers fund over time.
Current vs Lagged Prices |
| Timeline |
Cohen Steers Lagged Returns
When evaluating Cohen Steers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cohen Steers fund have on its future price. Cohen Steers autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cohen Steers autocorrelation shows the relationship between Cohen Steers fund current value and its past values and can show if there is a momentum factor associated with investing in Cohen Steers Reit.
Regressed Prices |
| Timeline |
Pair Trading with Cohen Steers
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cohen Steers position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cohen Steers will appreciate offsetting losses from the drop in the long position's value.Moving against Cohen Fund
| 0.56 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.47 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.45 | FSRBX | Banking Portfolio Banking | PairCorr |
| 0.44 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.42 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to Cohen Steers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cohen Steers when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cohen Steers - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cohen Steers Reit to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cohen Steers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cohen Steers Reit moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cohen Steers can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Cohen Fund
Cohen Steers financial ratios help investors to determine whether Cohen Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cohen with respect to the benefits of owning Cohen Steers security.
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