Columbia Commodity Correlations

CCFYX Fund

USD 10.10 0.03 0.30%

The current 90-days correlation between Columbia Modity Strategy and Needham Aggressive Growth is 0.13 (i.e., Average diversification). The correlation of Columbia Commodity 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 Commodity Correlation With Market

Good diversification

The correlation between Columbia Modity Strategy and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Modity Strategy 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 Modity Strategy. 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 manufacturing.

Moving together with Columbia Mutual Fund

0.89	CEKYX	Columbia Emerging Markets	Pair Corr
0.89	CEKRX	Columbia Emerging Markets	Pair Corr
0.72	CEMHX	Columbia Emerging Markets	Pair Corr
0.62	CFCYX	Columbia Flexible Capital	Pair Corr
0.63	CFCRX	Columbia Flexible Capital	Pair Corr
0.77	CFCIX	Columbia Large Cap	Pair Corr

Moving against Columbia Mutual Fund

0.33	CUTRX	Columbia Treasury Index	Pair Corr
0.32	CUTYX	Columbia Treasury Index	Pair Corr
0.31	LIBCX	Columbia Total Return	Pair Corr

Related Correlations Analysis

	NEAIX	CYBAX	MWHIX	PHDTX	PARCX	AGDAX	VGSTX	LBETX
NEAIX		0.55	0.32	0.68	0.9	0.58	0.88	0.76	NEAIX
CYBAX	0.55		0.83	0.81	0.7	0.93	0.67	0.65	CYBAX
MWHIX	0.32	0.83		0.62	0.53	0.82	0.6	0.34	MWHIX
PHDTX	0.68	0.81	0.62		0.87	0.93	0.8	0.9	PHDTX
PARCX	0.9	0.7	0.53	0.87		0.8	0.97	0.88	PARCX
AGDAX	0.58	0.93	0.82	0.93	0.8		0.75	0.78	AGDAX
VGSTX	0.88	0.67	0.6	0.8	0.97	0.75		0.76	VGSTX
LBETX	0.76	0.65	0.34	0.9	0.88	0.78	0.76		LBETX
	NEAIX	CYBAX	MWHIX	PHDTX	PARCX	AGDAX	VGSTX	LBETX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Commodity 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 Commodity'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
NEAIX	1.05	(0.10)	(0.03)	0.06	1.27	(1.11)	2.19	(2.27)	6.71
CYBAX	0.10	0.00	(0.88)	0.21	0.00	(0.13)	0.24	(0.16)	0.73
MWHIX	0.10	0.01	(0.77)	1.23	0.00	(0.19)	0.22	(0.21)	0.65
PHDTX	0.09	0.02	(0.67)	0.41	0.00	(0.15)	0.23	(0.11)	0.56
PARCX	0.34	(0.02)	(0.17)	0.08	0.40	(0.36)	0.66	(0.76)	2.10
AGDAX	0.12	0.02	(0.49)	0.52	0.00	(0.24)	0.29	(0.28)	0.87
VGSTX	0.37	(0.03)	(0.16)	0.07	0.45	(0.36)	0.78	(0.88)	2.22
LBETX	0.22	0.00	(0.23)	0.12	0.21	(0.26)	0.45	(0.52)	1.42

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