Cohen Steers Correlations

CSPF Etf

25.92 0.06 0.23%

The current 90-days correlation between Cohen Steers ETF and SSGA Active Trust is 0.2 (i.e., Modest 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

Modest diversification

The correlation between Cohen Steers ETF and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Steers ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cohen Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cohen Steers ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with Cohen Etf

0.81	FPE	First Trust Preferred	Pair Corr
0.87	VRP	Invesco Variable Rate	Pair Corr
0.83	FPEI	First Trust Institutional	Pair Corr
0.71	PFFA	Virtus InfraCap Preferred	Pair Corr
0.87	VTI	Vanguard Total Stock	Pair Corr
0.83	SPY	SPDR SP 500	Pair Corr
0.83	IVV	iShares Core SP	Pair Corr
0.8	VTV	Vanguard Value Index	Pair Corr
0.61	VUG	Vanguard Growth Index	Pair Corr
0.87	VEA	Vanguard FTSE Developed	Pair Corr
0.68	VB	Vanguard Small Cap	Pair Corr
0.76	TUSI	Touchstone ETF Trust	Pair Corr
0.82	OVF	Overlay Shares Foreign	Pair Corr
0.61	IAUM	iShares Gold Trust	Pair Corr
0.84	TMH	Precidian ETFs Trust	Pair Corr
0.78	ICOP	iShares Copper	Pair Corr
0.61	JDOC	JPMorgan Healthcare	Pair Corr
0.83	DDFO	Innovator Equity Dual	Pair Corr
0.88	PBFB	PGIM Large Cap	Pair Corr
0.87	GAPR	First Trust Exchange	Pair Corr
0.72	CALI	iShares Short Term	Pair Corr
0.74	GDE	WisdomTree Efficient Gold	Pair Corr
0.86	IDEC	Innovator ETFs Trust	Pair Corr
0.89	CPSL	Calamos Laddered	Pair Corr
0.85	PRVS	Parnassus Income Funds	Pair Corr
0.75	AGQ	ProShares Ultra Silver	Pair Corr
0.84	EVMT	Invesco Electric Vehicle	Pair Corr

Moving against Cohen Etf

0.32

PSK

SPDR ICE Preferred

Pair Corr

Related Correlations Analysis

	OBND	GHTA	OCTT	DYLD	KSTR	GEME	YOLO	FDNI	NMB	FCUS
OBND		0.56	0.79	0.78	-0.53	0.62	-0.3	-0.67	0.02	0.17	OBND
GHTA	0.56		0.54	0.41	-0.28	0.35	-0.14	-0.46	-0.46	-0.13	GHTA
OCTT	0.79	0.54		0.73	-0.09	0.78	0.02	-0.31	-0.03	0.55	OCTT
DYLD	0.78	0.41	0.73		-0.31	0.63	-0.11	-0.45	0.0	0.17	DYLD
KSTR	-0.53	-0.28	-0.09	-0.31		-0.09	0.43	0.89	0.23	0.45	KSTR
GEME	0.62	0.35	0.78	0.63	-0.09		0.08	-0.36	-0.17	0.4	GEME
YOLO	-0.3	-0.14	0.02	-0.11	0.43	0.08		0.33	-0.32	0.1	YOLO
FDNI	-0.67	-0.46	-0.31	-0.45	0.89	-0.36	0.33		0.42	0.36	FDNI
NMB	0.02	-0.46	-0.03	0.0	0.23	-0.17	-0.32	0.42		0.43	NMB
FCUS	0.17	-0.13	0.55	0.17	0.45	0.4	0.1	0.36	0.43		FCUS
	OBND	GHTA	OCTT	DYLD	KSTR	GEME	YOLO	FDNI	NMB	FCUS

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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

FDNI	+ 0.89	KSTR
OCTT	+ 0.79	OBND
DYLD	+ 0.78	OBND
GEME	+ 0.78	OCTT
DYLD	+ 0.73	OCTT
GEME	+ 0.63	DYLD

High negative correlations

FDNI	- 0.67	OBND
KSTR	- 0.53	OBND
NMB	- 0.46	GHTA
FDNI	- 0.46	GHTA
FDNI	- 0.45	DYLD
FDNI	- 0.36	GEME

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	0.14	0.00	(0.30)	0.07	0.07	(0.15)	0.27	(0.27)	0.73
GHTA	0.24	(0.01)	(0.19)	(0.01)	0.26	(0.31)	0.61	(0.44)	1.49
OCTT	0.36	(0.01)	(0.06)	0.04	0.48	(0.36)	0.66	(0.92)	2.02
DYLD	0.10	0.00	(0.37)	0.02	0.05	(0.12)	0.22	(0.18)	0.71
KSTR	1.33	(0.10)	0.00	(0.05)	0.00	0.00	2.05	(2.70)	9.90
GEME	0.80	0.11	0.06	0.66	0.88	(0.87)	1.66	(1.70)	5.67
YOLO	3.71	0.04	0.01	0.10	4.63	(3.81)	4.98	(7.44)	47.55
FDNI	0.97	(0.21)	0.00	(0.12)	0.00	0.00	1.95	(1.87)	6.15
NMB	0.31	(0.01)	(0.14)	(0.01)	0.36	(0.33)	0.64	(0.52)	1.85
FCUS	1.91	0.01	0.03	0.06	2.67	(1.89)	4.43	(4.43)	12.29

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