Columbia Income Correlations

AIOAX Fund  USD 8.82  0.01  0.11%   
The current 90-days correlation between Columbia Income Oppo and Columbia Ultra Short is 0.06 (i.e., Significant diversification). The correlation of Columbia Income 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Columbia Income Correlation With Market

Modest diversification

The correlation between Columbia Income Opportunities and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Income Opportunities and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Income Opportunities. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Columbia Mutual Fund

  0.7LHIAX Columbia High YieldPairCorr
  0.8IMNTX Columbia Minnesota TaxPairCorr
  0.67IMRFX Columbia Global OppoPairCorr
  0.94INEAX Columbia High YieldPairCorr
  0.79INTAX Columbia StrategicPairCorr
  0.76LITAX Columbia Amt FreePairCorr
  0.78LITCX Columbia Amt FreePairCorr
  0.78NACMX Columbia Amt FreePairCorr
  0.79NSMMX Columbia Short TermPairCorr
  0.86NSTRX Columbia Short TermPairCorr
  0.62NBICX Columbia Capital AllPairCorr
  0.61NBIAX Columbia Capital AllPairCorr

Moving against Columbia Mutual Fund

  0.47PISKX Columbia Pyrford IntPairCorr

Related Correlations Analysis

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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   
ILGGXILGCX
ILGJXILGCX
ILGJXILGGX
ILVFXILVBX
IMNTXLHIAX
ILGCXCUSOX
  
High negative correlations   
LHIAXCUSOX
LHIAXSSCVX
IMNTXSSCVX
IMRFXCUSOX
IMRFXSSCVX
IMRFXILVFX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Income Mutual 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 Columbia Income'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CUSOX  0.04  0.00  0.00  0.00  0.00 
 0.11 
 0.54 
ILGCX  0.83 (0.06)(0.03) 0.04  2.29 
 1.49 
 12.57 
ILGGX  0.82 (0.06)(0.03) 0.04  2.24 
 1.48 
 12.36 
ILGJX  0.82 (0.06)(0.03) 0.04  2.30 
 1.48 
 12.33 
SSCVX  1.03 (0.25) 0.00 (0.05) 0.00 
 1.88 
 22.50 
ILVBX  1.11 (0.48) 0.00 (0.31) 0.00 
 1.17 
 35.66 
ILVFX  1.09 (0.48) 0.00 (0.31) 0.00 
 1.16 
 35.45 
LHIAX  0.21 (0.01) 0.00  0.15  0.00 
 0.43 
 2.04 
IMNTX  0.18  0.00 (0.27) 0.08  0.32 
 0.40 
 1.83 
IMRFX  0.36 (0.02)(0.19) 0.05  0.41 
 0.72 
 2.18