Columbia Small Correlations

CCTRX Fund  USD 13.04  0.11  0.85%   
The current 90-days correlation between Columbia Small Cap and Columbia Porate Income is 0.23 (i.e., Modest diversification). The correlation of Columbia Small 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 Small Correlation With Market

ColumbiaDowDiversified AwayColumbiaDowDiversified Away100%

Very weak diversification

The correlation between Columbia Small Cap and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Small Cap 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 Small Cap. 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

  0.84CDAZX Multi Manager DirectPairCorr
  0.85CUURX Columbia Small CapPairCorr
  0.77CDDYX Columbia Dividend IncomePairCorr
  0.77CDDRX Columbia Dividend IncomePairCorr
  0.84CDEYX Columbia DiversifiedPairCorr
  0.78CDIRX Columbia Dividend IncomePairCorr
  0.66AMTCX Columbia Capital AllPairCorr
  0.79CDOZX Columbia DividendPairCorr
  0.79CDOYX Columbia DividendPairCorr
  0.96CVERX Columbia Mid CapPairCorr
  0.87CDVZX Columbia DiversifiedPairCorr
  0.94CVQZX Columbia DisciplinedPairCorr
  0.89CECYX Columbia Large CapPairCorr
  0.98SSVIX Columbia Select SmallerPairCorr
  0.75CEVYX Columbia Global EquityPairCorr
  0.75CEVZX Columbia Global EquityPairCorr
  0.67GEGTX Columbia Large CapPairCorr
  0.91SCIRX Columbia SeligmanPairCorr
  0.87SCMIX Columbia SeligmanPairCorr
  0.71CGEZX Columbia Select GlobalPairCorr

Moving against Columbia Mutual Fund

  0.66CUSBX Columbia Ultra ShortPairCorr
  0.66CFRZX Columbia Floating RatePairCorr
  0.66CFRYX Columbia Floating RatePairCorr
  0.39CGCYX Columbia Greater ChinaPairCorr

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   
CUTYXCUTRX
CDDRXCDDYX
CDIRXCDDYX
CDIRXCDDRX
CUTRXSRINX
CUTYXSRINX
  
High negative correlations   
CDAZXCUSBX
CUURXCUSBX
CDEYXCUSBX
CDIRXCUSBX
CDDRXCUSBX
CDDYXCUSBX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Small 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 Small'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
SRINX  0.25  0.02  0.14  0.22  0.21 
 0.55 
 1.66 
CUSBX  0.05  0.01  0.00 (0.60) 0.00 
 0.11 
 0.55 
CUTRX  0.24  0.02  0.16  0.36  0.19 
 0.51 
 1.44 
CDAZX  0.69 (0.07) 0.00 (0.13) 0.00 
 1.00 
 8.02 
CUURX  0.85 (0.07) 0.00 (0.11) 0.00 
 1.82 
 6.50 
CUTYX  0.23  0.02  0.16  0.35  0.17 
 0.61 
 1.43 
CDDYX  0.54 (0.03) 0.00 (0.08) 0.00 
 0.89 
 5.23 
CDDRX  0.55 (0.03) 0.00 (0.08) 0.00 
 0.89 
 5.24 
CDEYX  0.61 (0.10) 0.00 (1.82) 0.00 
 0.92 
 8.57 
CDIRX  0.55 (0.03) 0.00 (0.08) 0.00 
 0.91 
 5.28 

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