Columbia Balanced Correlations

CBDRX Fund

USD 55.42 0.15 0.27%

The current 90-days correlation between Columbia Balanced and Columbia Mid Cap is 0.06 (i.e., Significant diversification). The correlation of Columbia Balanced 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 Balanced Correlation With Market

Significant diversification

The correlation between Columbia Balanced Fund and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Balanced Fund 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 Balanced Fund. 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

0.61	CUSBX	Columbia Ultra Short	Pair Corr
0.72	CDAZX	Multi Manager Direct	Pair Corr
0.79	CUURX	Columbia Small Cap	Pair Corr
0.87	CDDYX	Columbia Dividend Income	Pair Corr
0.87	CDDRX	Columbia Dividend Income	Pair Corr
0.85	CDEYX	Columbia Diversified	Pair Corr
0.87	CDIRX	Columbia Dividend Income	Pair Corr
0.65	AMTCX	Columbia Capital All	Pair Corr
0.85	CDOZX	Columbia Dividend	Pair Corr
0.84	CDOYX	Columbia Dividend	Pair Corr
0.88	CDORX	Columbia Dividend	Pair Corr
0.86	CVERX	Columbia Mid Cap	Pair Corr
0.93	CVIRX	Columbia Dividend Income	Pair Corr
0.85	CDVZX	Columbia Diversified	Pair Corr
0.82	CVQZX	Columbia Disciplined	Pair Corr
0.91	CEARX	Columbia Acorn Steady Growth	Pair Corr
0.86	CVVRX	Columbia Small Cap	Pair Corr
0.84	CECYX	Columbia Large Cap	Pair Corr
0.89	CECFX	Columbia Large Cap	Pair Corr
0.75	SSVIX	Columbia Select Smaller	Pair Corr
0.87	CEVYX	Columbia Global Equity	Pair Corr
0.87	CEVZX	Columbia Global Equity	Pair Corr
0.91	GEGTX	Columbia Large Cap	Pair Corr
0.85	CFCYX	Columbia Flexible Capital	Pair Corr
0.88	CFCRX	Columbia Flexible Capital	Pair Corr
0.8	CFCIX	Columbia Large Cap	Pair Corr

Moving against Columbia Mutual Fund

0.53	CUTRX	Columbia Treasury Index	Pair Corr
0.53	CUTYX	Columbia Treasury Index	Pair Corr
0.49	CUVRX	Columbia Government	Pair Corr
0.31	SRINX	Columbia Porate Income	Pair Corr
0.5	LIBCX	Columbia Total Return	Pair Corr

Related Correlations Analysis

	CLSPX	CMSCX	CREEX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
CLSPX		0.97	0.35	0.0	0.53	0.64	0.68	0.52	0.66	0.6	CLSPX
CMSCX	0.97		0.34	0.0	0.61	0.61	0.59	0.56	0.53	0.62	CMSCX
CREEX	0.35	0.34		0.0	0.3	0.49	0.22	0.41	0.26	-0.09	CREEX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.53	0.61	0.3	0.0		0.67	-0.11	0.81	-0.02	0.15	MSTSX
LBHIX	0.64	0.61	0.49	0.0	0.67		0.19	0.71	0.27	0.09	LBHIX
VIASP	0.68	0.59	0.22	0.0	-0.11	0.19		-0.01	0.79	0.53	VIASP
RRTLX	0.52	0.56	0.41	0.0	0.81	0.71	-0.01		0.05	0.01	RRTLX
OSHDF	0.66	0.53	0.26	0.0	-0.02	0.27	0.79	0.05		0.35	OSHDF
70082LAB3	0.6	0.62	-0.09	0.0	0.15	0.09	0.53	0.01	0.35		70082LAB3
	CLSPX	CMSCX	CREEX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

CMSCX	+ 0.97	CLSPX
RRTLX	+ 0.81	MSTSX
OSHDF	+ 0.79	VIASP
RRTLX	+ 0.71	LBHIX
VIASP	+ 0.68	CLSPX
LBHIX	+ 0.67	MSTSX

High negative correlations

VIASP	- 0.11	MSTSX
70082LAB3	- 0.09	CREEX
OSHDF	- 0.02	MSTSX
RRTLX	- 0.01	VIASP
70082LAB3	- 0.0	AQUI
OSHDF	- 0.0	AQUI

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Balanced 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 Balanced'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
CLSPX	0.84	0.14	0.14	0.24	0.80	(0.98)	2.34	(1.71)	5.48
CMSCX	0.92	0.02	0.06	0.13	0.99	(1.01)	2.20	(1.75)	6.65
CREEX	0.67	0.07	(0.05)	0.98	0.74	(0.76)	1.24	(1.33)	3.57
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.05)	(0.15)	0.04	0.53	(0.58)	1.03	(1.02)	2.80
LBHIX	0.11	0.01	(0.40)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.74	0.08	(0.03)	(2.22)	1.13	(0.80)	2.28	(1.20)	7.18
RRTLX	0.24	0.01	(0.30)	0.50	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	22.61	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
70082LAB3	1.00	0.03	(0.04)	1.56	2.25	(1.07)	1.75	(1.69)	24.27

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