Cohen Steers Competition
| CSPF Etf | 26.23 0.04 0.15% |
Cohen Steers vs Pinnacle Focused Correlation
Very poor diversification
The correlation between Cohen Steers ETF and FCUS is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers ETF and FCUS in the same portfolio, assuming nothing else is changed.
Moving together with Cohen Etf
| 0.94 | PFF | iShares Preferred | PairCorr |
| 0.97 | FPE | First Trust Preferred Sell-off Trend | PairCorr |
| 0.76 | PGX | Invesco Preferred ETF Sell-off Trend | PairCorr |
| 0.93 | PFFD | Global X Preferred | PairCorr |
| 0.97 | VRP | Invesco Variable Rate | PairCorr |
Moving against Cohen Etf
Cohen Steers Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Cohen Steers and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Cohen and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Cohen Steers ETF does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Cohen Steers Constituents Risk-Adjusted Indicators
There is a big difference between Cohen Etf performing well and Cohen Steers ETF 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OBND | 0.12 | 0.00 | (0.25) | 0.00 | 0.12 | 0.27 | 0.66 | |||
| GHTA | 0.26 | 0.06 | 0.05 | 0.61 | 0.11 | 0.71 | 2.00 | |||
| OCTT | 0.33 | (0.01) | (0.06) | 0.02 | 0.52 | 0.62 | 2.50 | |||
| DYLD | 0.11 | (0.01) | (0.28) | (0.12) | 0.12 | 0.27 | 0.71 | |||
| KSTR | 1.30 | 0.04 | 0.00 | 0.15 | 1.69 | 2.15 | 7.79 | |||
| GEME | 0.78 | 0.19 | 0.19 | 0.31 | 0.61 | 1.80 | 4.55 | |||
| YOLO | 3.26 | 0.02 | 0.00 | 0.15 | 4.01 | 4.98 | 47.55 | |||
| FDNI | 0.95 | (0.32) | 0.00 | (0.32) | 0.00 | 1.95 | 6.56 | |||
| NMB | 0.31 | (0.06) | 0.00 | (0.28) | 0.00 | 0.56 | 1.60 | |||
| FCUS | 1.79 | 0.12 | 0.05 | 0.11 | 2.63 | 4.11 | 10.52 |
Cohen Steers Competitive Analysis
The better you understand Cohen Steers competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Cohen Steers' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Cohen Steers' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Cohen Steers Competition Performance Charts
Five steps to successful analysis of Cohen Steers Competition
Cohen Steers' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Cohen Steers ETF in relation to its competition. Cohen Steers' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Cohen Steers in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Cohen Steers' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Cohen Steers ETF, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Cohen Steers position
In addition to having Cohen Steers in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Basic Utilities Thematic Idea Now
Basic Utilities
Companies involved in production and distribution of electric, gas, water, and other energy utilities. The Basic Utilities theme has 12 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Basic Utilities Theme or any other thematic opportunities.
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Check out Cohen Steers Correlation with its peers. For more detail on how to invest in Cohen Etf please use our How to Invest in Cohen Steers guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of Cohen Steers ETF is measured differently than its book value, which is the value of Cohen that is recorded on the company's balance sheet. Investors also form their own opinion of Cohen Steers' value that differs from its market value or its book value, called intrinsic value, which is Cohen Steers' true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Cohen Steers' market value can be influenced by many factors that don't directly affect Cohen Steers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Cohen Steers' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Cohen Steers should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Cohen Steers' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.